European causes of its 2012 economic crisis Term Paper

European causes of its 2012 economic crisis - Term Paper Example ased the political risks for EU governments and their leaders.6 The economic disaster was weakening the bond between the EU nations and challenging EU’s unity and shared goals. Rapid exhaustion of liquidity left the periphery with unsustainable shortfalls and monetary obligations larger than their GDP. In 2010, a sovereign debt catastrophe, particularly in Greece, stretched throughout the periphery and jeopardized any economic opportunity for the EU.  In 2011, the European Union and the International Monetary Fund took actions to rescue Greece, Ireland, and Portugal.7 Governments of Iceland and Latvia have disintegrated resulting from the public complaints over their administrations for mishandling their economies throughout the tragedy. Sparking the protests even more was the International Monetary Fund’s issuance of emergency loans to the following EU nations: Belarus ($2.48 billion), Bosnia and Herzegovina ($1.52 billion), Hungary ($15.7 billion), Iceland ($2.1 bil lion), Latvia ($2.35 billion), Moldova ($118.2 million), Poland ($20.58 billion), Romania ($17.1 billion), Serbia ($4.0 billion), and Ukraine ($16.4 billion). In February 2009, the World Bank in alliance with the European Investment Bank and the European Bank for Reconstruction and Development announced a financial assistance grant amounting to $31 billion over two years to aid near-bankrupt banks and industries in Eastern and Central Europe.8 The economic turmoil caused a quick fluctuation in the Euro currencies of Eastern European countries and caused their government debits to climb, destabilizing the attempts of several countries to join the European Union. $1.5 trillion assets in EU banks were exposed in Central and Eastern Europe. In spite of the exposure of the major Western European banks for...This paper elucidates the real reasons behind The European debt crisis of 2012 and describes the effectual response of the EU to that negative economic situation. The five European co untries: Greece, Ireland, Italy, Portugal and Spain (GIIPS) that risked the future of the EU economy and caused various crises regarding the Euro are considered in the paper. Subsequent to the global downturn of 2007, the financial crisis in the peripheral states of the EU worsened: economic activity quickly dwindled; international trade plummeted; and prospects for Europe’s exportation industry diminished. Moreover, the rise of unemployment and distress over the economic chaos sparked protests and thus increased the political risks for EU governments. The response of the EU to the recession was fast and influential. Besides the intervention to steady, re-establish and restructure the banking sector, the European Economic Recovery Plan was commenced for re-establishing reliance and reinforcing demand by increasing the economy’s purchasing power through balanced tactical financial schemes and measures that would support the business and employment sectors. The entire economic incentive, as well as the outcomes of regulated fiscal stabilizers, totals 5 percent of European GDP. Greece, Ireland, and Portugal were given considerable financial supports by the IMF, the Eurozone and EU monetary institutions. Moreover, the generous contribution and dynamic mediation of the ECB to fiscal stability supported the European administration and banking system.

Product Feasibility Analysis Essay Example | Topics and Well Written Essays - 1500 words

Product Feasibility Analysis - Essay Example The new Professor of Plumbing application is aimed to achieve these functions through the use of Android market, Smartphone and the iPhone to achieve these objectives. The application integrates books, tables, calculators that are necessary in plumbing work and piping design to present an enhanced user interactive application that presents faster and more accurate calculations on right angles, offset pipe lengths, plumbing fixture spacing, water pipe size, DWV pipe size, flow rates and volumes among other calculations. These are used daily by plumbing professionals and other professionals where piping system design is required. The application aims at making their experiences to be of a higher level, when using this application. There is a rich market that the application targets as described above. This will ensure the application captures the market, and meets the objectives in both revenues and offering interactive value to customers far and above the price paid for the applicatio n. The design and offering the application for sale have a high profit potential in that, as the application will be downloaded directly from application stores or bough from other professional databases, it will reduce the cost of buying other handsets, as is currently in the market. This will make most plumbers and those involved in design of pipes systems to prefer this application to buying of more specialized calculators. This will increase sales; the monthly and annually subscriptions are intended to increase the revenue base from the sales of this application greatly. The improved features that will be enhanced during development and advancement of this application will ensure that the application delivers maximum value to customers, and this will increase the revenue greatly as more customers download the application to experience these benefits. 2.0 Product Feasibility 2.1Problem identification The current advancing technologies require that operations by all professions an d technicians be made fast reliable, efficient and effective. This means that a plumber has to have all the details they require during the daily operations at their hands. There is too much time wasted where the plumber is required to carry different equipment in a tool box, and this considerably reduces their effectiveness. A plumber will require calculators, manuals for checking angles and pipe diameters and how they correspond during fitting operations, the flow rates calculations and materials that contain many standards that have to be used during calculations in plumbing work. The time required to go though the above materials is too much and is wastage of productive time that reduces hourly productivity of such a plumber. It is necessary to equip the plumber with a new approach that they have to use when plumbing and solving all the above problems effectively. This is the reason behind the new Professor of Plumbing application a versatile application that will ensure speed, reliability, accuracy, precision that make the overall plumbing work much easier as compared to the current situation. 2.2. Product description The Professor of Plumbing Software comes along with the following features that will ensure a sustainable and wide market coverage and usage. Can perform right angles, offset pipe lengths Feet-inch