Is the economic crisis over, especially in Europe?

It has been more than 3 years since the U.S. economic crisis was triggered by the subprime mortgage crisis, but in fact, this crisis was triggered by the United States, and the current economic problems in the United States are centered on the housing market, with high debt and unemployment as the basic points. As long as these three issues are not resolved, the financial crisis will be far from over.

Greece's back-and-forth sovereign debt solution reflects the fact that Europe's overall sovereign debt situation has taken on the characteristics of a "chronic disease". At present, this issue does not jeopardize the euro's position, but if not handled properly, it could still trigger financial turmoil and have serious spillover effects.

Despite successive high bailouts to eurozone countries such as Greece, Ireland and Portugal, the European debt crisis has not subsided. On the contrary, as the situation in Greece has deteriorated recently, the EU has revealed clear differences on how to bail out Greece in a second round, and the crisis has become more and more intense.

Solving Europe's current debt crisis is easy from an economic point of view, but it is a difficult problem from a political point of view. From the current point of view, the EU's political integration has not reached the level it should be, and the leaders of various countries are still more accountable to the voters of various countries, so the measures to deal with the debt crisis lack long-term consideration, and always lag behind market expectations, laying the groundwork for the debt crisis repeatedly.

Germany, the largest economy in the eurozone, is developing well, leading to the economic recovery of the entire eurozone, and France's economic growth has also improved significantly, while Greece, Portugal and Ireland account for too small a proportion of the eurozone's economy to pose a threat to the eurozone economy as a whole.

The causes are complex, and internal and external causes are intertwined.

The internal reasons are mainly that the unification of the euro has led to a more uneven level of economic development in the countries of the European Community; In addition, the European Community, as a common member, is bound to provide tariff reductions and exemptions to its internal members, which also reduces the fiscal revenues of European countries** to a certain extent. In addition, after World War II, European countries generally implemented social welfare systems, and the original intention of the system was good, but in the process of implementation, in order to make the citizens live a more stable and secure happy life, it led to excessive financial subsidies in European countries in the area of social welfare, which further exacerbated the large expenditure of the already insufficient national treasury.

The main external reasons are that European countries are unwilling to develop intensive labor industries or the development of the real economy because they have reached the level of developed countries as a whole, and the development of the real economy is transferred to developing countries, and they focus on the development of the tertiary industry and the financial economy, but the financial economy or the network economy are virtual products, without the support of the entity, so it is inevitable to fall into the trap of conceptual hype, as long as there is unfavorable information, Then it will have a very big impact on the development of these virtual economies. The real economy is like the foundation of a high-rise building, in fact, the foundation and guarantee of the economy, just imagine, a building without a foundation, can it be stable? Another major external reason is that the series of wars launched by the US-led NATO in the name of counter-terrorism have also led to excessive military spending on European countries, which is a staunch ally of the United States, which is also an important factor in its economic weakness.

Freezing three feet, not a day's cold. There are thousands of reasons for today's economic crisis in Europe and the United States, and it is not clear in a few words, and perhaps when this economic crisis ends, its vitality as a subject research will continue for a long time. The above are some of my superficial views on this issue, and I hope to clarify the doubts in your heart.

The Chinese have a saying that three monks have no water to drink. Now it is suitable for use in the European economy. The more it is delayed, the worse the economies of all countries will become.

That depends on the European countries**, others can't control it.

1974 1975; The global financial crisis.

1979 1982; The global financial crisis back.

1985 1987; The U.S. financial crisis.

1990 1992; Japan responds to the financial crisis.

1992 1993; European Exchange Rate Mechanism (ERM) crisis 1994 1995; The Mexican financial crisis spread rapidly around the world, 1997, 1998; the Asian Financial Crisis and the Russian Debt Crisis in 2000 and 2002; The bursting of the global dot-com bubble led to a sharp contraction in credit markets in 2008 The U.S. subprime debt crisis and global credit market turmoil.

The welfare of Europe is so good - Yin eats a lot of food, and life is quite comfortable at the beginning, but there is no free lunch in the world, and now it is time for reckoning!

Abstract: 1974, 1975; The global financial crisis.

1979 1982; The global financial crisis.

1985 1987; The U.S. financial crisis.

1990 1992; The Japanese financial crisis.

1992 1993; European Exchange Rate Mechanism (ERM) crisis 1994 1995; The Mexican financial crisis spread rapidly around the world, 1997, 1998; the Asian Financial Crisis and the Russian Debt Crisis in 2000 and 2002; Credit markets shrank sharply due to the bursting of the global dot-com bubble in 2008 U.S. Subprime Debt Crisis and Global Credit Market Turmoil Advisory Record on 2021-10-08

How many economic crises have occurred in Europe? What causes it? Can you be specific?

Hello 1974 1975; The global financial crisis. 1979 1982; the global financial crisis of 1985 and 1987; U.S. Financial Crisis 1990 1992; Japanese financial crisis in 1992 and 1993; European Exchange Rate Mechanism (ERM) crisis 1994 1995; The Mexican financial crisis spread rapidly around the world, 1997, 1998; the Asian Financial Crisis and the Russian Debt Crisis in 2000 and 2002; The bursting of the global dot-com bubble led to a sharp contraction in credit markets in 2008 The U.S. subprime debt crisis and global credit market turmoil.

Economic crises arise from the basic contradictions of capitalism, and as long as the capitalist system exists, crises are inevitable. From the perspective of the history of capitalist development, since 1825, when the first periodic and widespread crisis of overproduction began in England, it has occurred at regular intervals.

Economic crises arise from the basic contradictions of capitalism, and as long as the capitalist system exists, crises are inevitable. From the perspective of the history of capitalist development, since 1825, when the first periodic and widespread crisis of overproduction began in England, it has occurred at regular intervals.

Experts say that the recession has begun to spread in Europe, and I think there will be a new round of financial crisis, first of all, because the local conflicts around the world are still escalating and spreading, affecting the stability of the world, and secondly, the European region is facing the impact of high inflation, which makes the people miserable, and secondly, the European region is facing the dilemma of not having enough energy, so that their economic development does not have a sufficient momentum, and the other is that the financial market in the European region has received some fluctuations that cannot be controlled by ordinary policies. It needs to be explained from the following four aspects, and the analysis experts say that the recession is starting to spread in Europe, and you think that a new round of financial crisis will erupt.

First, local conflicts around the world are still escalating and spreading, affecting world stability

First of all, because local conflicts around the world are still escalating and spreading, affecting the stability of the world, and for the continuous escalation of local conflicts around the world, this has undermined the stability of the world.

Second, the European region is facing the impact of high inflation, which makes people miserable

The second is that the European region is facing the impact of high inflation, which makes the people miserable, and for the European region, they are facing the impact of high inflation, which makes the cost of living of the people ** many people, and the happiness of the masses has also decreased a lot.

Third, the European region is facing the dilemma of not having enough energy, which makes their economic development without a sufficient driving force

Fourth, the financial markets in the European region have experienced some volatility that cannot be controlled by ordinary policies

In addition, the financial market in the European region has received some fluctuations that cannot be controlled by ordinary policies, which makes many countries in the European region need to face some economic crises.

Do's and don'ts that European countries should do:

Multi-channel policy regulation and control should be strengthened.

There will definitely be a new round of economic crisis, because now inflation, the US dollar interest rate hike, the impact of the war of protection, the shortage of energy resources, extreme bad weather, the impact of various reasons will trigger a new round of global financial crisis.

It is likely that a financial crisis will erupt now, because the economy of the world is sluggish due to the impact of the epidemic.

Yes. The crises overlap and affect each other, and it is likely that a new round of financial crises will erupt.

This economic crisis is caused by deflation. There are also U.S. policy reasons.

Before this crisis, the United States had been prosperous for 20 years, and the United States had a bull market that lasted for nearly 10 years.

First of all, he signed the 'Smutt-Hawley Tariff Act' to raise tariffs to protect the industry and agriculture in the United States, and soon other countries retaliated against the United States by the same means, which led to the collapse of the world system.

Second, at a time when the United States is experiencing the worst deflation in history, the Fed is still maintaining a disinflationary and economic tightening policy, that is, keeping interest rates high. And at this time, Hoover even pushed Congress to pass a bill to raise the tax rate, and the increase in the tax rate was unprecedented. Many people know that raising interest rates and tax rates is the most effective means of cooling down when the economy is overheating, but Hoover doesn't seem to understand this at all, and his policies threw the US economy, which was frozen in deflation, into the cold room.