Step 1 Read the Case and Review the QuestionsStep 2 Watch the Video "Eurozone Debt Crisis...

Question

Step 1 Read the Case and Review the Questions

Step 2 Watch the Video "Eurozone Debt Crisis Visualized"

Step 3 Submit the Case Write-up

For the case write-up you will need Microsoft Word. The write-up should be typed double-spaced using a Times New Roman font, size 12. Your write-up should be a minimum of 3 pages (not including the title page) and a maximum of 5 pages.Submit your write-up via Blackboard by the listed due date on the syllabus. Please use the case and case video to answer the following five questions:

1) Detail the evolution of the European Common market, the European Union, and the euro currency from the end of WWII until the beginning of the Eurozone Crisis. Also, describe the differences between the Treaty of Rome and the Maastricht Treaty.

2) Analyze the implementation of the Maastricht Treaty. Did the EMU comply with the rules regarding country entrance and evaluation? If not, did this create any economic troubles? If so, what kind?

3) Give a brief description of the PIIGS (Portugal, Italy, Ireland, Greece, and Spain) and the causes for their huge debt burdens.

4) Detail the European Central Bank (ECB) and IMF programs of bailout and their conditions.

5) What were the initiatives undertaken in the Eurozone to restore confidence in the EU and revive from the economic crisis?

here is the URL for the video;https://www.youtube.com/watch?v=j4_tyEl84IQ&feature=youtu.be

euro-zone-case-study-4iksbr3n.pdf

Bichitrananda · Accepted Answer

1
TITLE: THE EUROZONE DEBT CRISIS
Evolution of the European Common Market, EU between the aftermath of World War 2 and the Eurozone Crisis and the Maastricht treaty and the treaty of Rome 
	The European market transitioned and developed after the 2nd world war with a common objective to eliminate trade barriers and promote the growth of the European markets starting with the ECSC between 6 countries (Germany, France, Belgium, Italy, Luxembourg and the Netherlands) to enable the movement of Coal and Steel between these countries without any restrictions in 1950. The six members of the ECSC expanded their community to include the UK, Denmark and Sweden in 1973 to form the European Community. Subsequently, other European countries like Greece, Portugal, Spain and Italy joined the EC and made the group larger. Finally, the Maastricht treaty was signed in 1992 and led to the formation of the European Union and also marked the genesis of the Euro as a virtual currency among the European Union. The Maastricht treaty was signed by 27 countries unlike the treaty of Rome which was only between 6 countries. The other differences between these treaties were that the Maastricht treaty focussed more than removing trade barriers but also introducing monetary and economic reforms.   
The Implementation of the Maastricht Treaty
	The criteria of the Maastricht treaty wasn’t implemented efficiently as it overlooked the qualifying criteria to be met by the countries that joined the European Union. The convergence criteria that had to be met was a stable inflation rate,

Step 1 Read the Case and Review the Questions Step 2 Watch the Video "Eurozone Debt Crisis Visualized" Step 3 Submit the Case Write-up For the case write-up you will need Microsoft Word. The write-up...

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