The euro crisis. Causes and consequences of the Greek debt crisis on the euro zone

Seminar paper from the year 2018 in the subject Economics - Finance, grade: 1,3, University of Applied Sciences Essen, language: English, abstract: In this paper, these effects as well as the connection between the Greek crisis and the euro crisis are examined. To begin with, an insight into the causes of the debt crisis in Greece and how the crisis has spread to the eurozone. This will be followed by the euro crisis in general and its other causes. The fifth chapter deals with measures and solutions for Greece as well as the entire euro zone. This work finishes with a conclusion on the topics mentioned.

In recent years, the news and media have dealt extensively with the ¿euro crisis¿. For this reason, it should be a common term for any European. The euro crisis isn¿t about the euro, but about a currency, bank, economic crisis and about state debts. Because of the different opinions about the crisis¿ causes, this topic is a very controversial one. It is common that the global financial crisis, which resulted from the Lehmann bankruptcy in 2008, is being considered responsible for the euro crisis. However, the global financial crisis wasn¿t accountable.

There are other reasons for the outbreak of the euro crisis, such as the existing weaknesses of a system, which was already missing in structure, or Americäs financial crisis. Not to forget, however, is the ¿Greek crisis¿ and its impact on the euro zone.