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The Euro-Zone; is it the crisis ahead!

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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 the world economy. Although the high-risk real estate American market is believed to be the immediate source of such turmoil, these last years the euro-zone capital markets and financial institutions seem to absorb a continued credit cycle phenomenon and are seriously hit by aggravating tensions. It is the first financial crisis the Eurozone witnesses. Today, the priority for member states is to quickly find and implement solutions. In this paper, we analyse the recent developments in the Eurozone, mainly the Greek and Irish financial crises and the threats the Eurozone risks. Finally, we propose some solutions for the crises.

Suggested Citation

  • Trabelsi, Mohamed Ali, 2011. "The Euro-Zone; is it the crisis ahead!," MPRA Paper 81205, University Library of Munich, Germany, revised 2011.
    • Handle: RePEc:pra:mprapa:81205
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    References listed on IDEAS

    as
    1. 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.
    2. 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.
    3. 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.
    4. 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.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Crises; Economy; Finance; Protectionism; Eurozone;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy

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