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The Impact of The Sovereign Debt Crisis on The Eurozone Countries

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  • Trabelsi, Mohamed Ali

Abstract

The turmoil affecting capital markets since summer 2007 and its intensification since mid-September 2008 inflicted noticeable blows to world economy. These last years the euro-zone’s financial institutions seem to be seriously hit by aggravating tensions. In 2010, this crisis intensified with the Greek debt crisis. It dated back to autumn 2010 with the Irish public debt. In this paper, we analyse the recent developments in the eurozone, mainly the PIIGS (Portugal, Ireland, Italy, Greece and Spain) countries financial crises and the threats the eurozone risks. Finally, we propose some solutions for the crises.

Suggested Citation

  • Trabelsi, Mohamed Ali, 2012. "The Impact of The Sovereign Debt Crisis on The Eurozone Countries," MPRA Paper 76974, University Library of Munich, Germany, revised 2012.
    • Handle: RePEc:pra:mprapa:76974
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    References listed on IDEAS

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    1. João Sousa Andrade & Adelaide Duarte, 2011. "Fundamentals of the Portuguese Crisis," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 58(2), pages 195-218.
    2. Mohamed Ali Trabelsi, 2011. "The impact of the financial crisis on the global economy: can the Islamic financial system help?," Journal of Risk Finance, Emerald Group Publishing Limited, vol. 12(1), pages 15-25, January.
    3. João Sousa Andrade & Adelaide Duarte, 2011. "The Fundamentals of the Portuguese Crisis," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 58(2), pages 195-218, June.
    4. Jean-François Jamet, 2008. "Quelle peut être la réponse européenne face à la crise financière ?," Revue d'Économie Financière, Programme National Persée, vol. 7(1), pages 449-454.
    5. Mohamed Ali Trabelsi, 2011. "The impact of the financial crisis on the global economy: can the Islamic financial system help?," Journal of Risk Finance, Emerald Group Publishing, vol. 12(1), pages 15-25, January.
    6. Jean-Claude Trichet, 2008. "Réflexions sur les turbulences récentes sur les marchés de capitaux mondiaux," Revue d'Économie Financière, Programme National Persée, vol. 7(1), pages 417-425.
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    Cited by:

    1. Castillo-Manzano, José I. & Pozo-Barajas, Rafael & Trapero, Juan R., 2015. "Measuring the substitution effects between High Speed Rail and air transport in Spain," Journal of Transport Geography, Elsevier, vol. 43(C), pages 59-65.
    2. Mohamed Ali Trabelsi & Salma Hmida, 2019. "Impact of the Credit Rating Revision on the Eurozone Stock Markets," Journal Transition Studies Review, Transition Academia Press, vol. 26(1), pages 3-14.
    3. Mavrakana, Christina & Psillaki, Maria, 2019. "Do board structure and compensation matter for bank stability and bank performance? Evidence from European banks," MPRA Paper 95776, University Library of Munich, Germany.
    4. Meier, Samira & Rodriguez Gonzalez, Miguel & Kunze, Frederik, 2021. "The global financial crisis, the EMU sovereign debt crisis and international financial regulation: lessons from a systematic literature review," International Review of Law and Economics, Elsevier, vol. 65(C).
    5. Castillo-Manzano, José I. & Pedregal, Diego J. & Pozo-Barajas, Rafael, 2016. "An econometric evaluation of the management of large-scale transport infrastructure in Spain during the great recession: Lessons for infrastructure bubbles," Economic Modelling, Elsevier, vol. 53(C), pages 302-313.
    6. Trabelsi, Mohamed Ali & Hmida, Salma, 2017. "A Dynamic Correlation Analysis of Financial Contagion: Evidence from the Eurozone Stock Markets," MPRA Paper 83718, University Library of Munich, Germany, revised 2017.

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    More about this item

    Keywords

    Eurozone; Debt crisis; Growth; Sovereign risk;
    All these keywords.

    JEL classification:

    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • G01 - Financial Economics - - General - - - Financial Crises
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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