THE EUROPEAN FINANCIAL CRISIS OF 2009–2013

 European banks and financial markets were badly affected by the global financial crisis, but in the early 2010, European financial markets faced extra problems related to economic trends in Europe. These problems typically affected the group of 17 countries, which adopted the euro as their currency and therefore monopoly matters were mainly managed by the European Central Bank. The difficulties experienced by the European financial markets were the first and foremost emergency emergency emerging by some governments at this time. However, one of the emergency facilities was a close connection that has arisen between government money durability and the health of the country’s banking system. The Eurozone and non-Eurozone countries regulate banks for both and are regulated in the European Union (EU), in the way that there were distant results in response to an emergency. The European Union and International Monetary Fund needed financial aid, was the first EU country’s first EU country, although Ireland’s problems arising from problems in its banking system, which was obvious in the estimated difficulties in 2007-2008. As a result, the Euro-pin crisis is believed to start with Greece in 2009. In the end of 2009, the concern was increasing that the Greek government could not pay the debt again, and in February 2010, the European Union announced a financial aid package for GRE 2010, the new figures declared that the financial condition of the Greek government was worse than expected, and more from international organizations. Although the Greek crisis originated with problems in Greek Government, it became clear that Greek banks will be affected. The most apparently, they kept in large quantities of their own government bonds, and the government’s ability to repay these bonds was now in suspicion. Fur-thermore, such as investors were concerned about the ability to pay his debts to the Greek government, they forced the new debt value in Greece and this was in exchange for high funding for Greek banks. More commonly, the broader disorders were declared in the Budgetary crisis of the Greek government

The Greek economy, which includes state-owned industries, which did not serve the loan received from banks. According to the problems of Greece, analysts focused on other Eurozone countries, which were running big budget deficiencies like Portugal, Spain and Cyprus. However, the basic problems lay with government budgets, the banks based in these countries were also experiencing powerful cultures resulted in direct exposure to their governments, because the international investors refused to fund any organizations in that particular country, because the government level was symptomatic of the European financial It was completely clear to prevent financial collapse in the interests of the Eurozone, but some countries were reluctant to make their own taxpayers’ money to solve problems in other countries for overspending years. These issues can be largely solved with the Central Fund to support the central supervision powered by the European Central Bank “in Bankson countries” Bankzone countries “Banking Union” implementation of the European Central Bank. How is the European Financial Crisis Study



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