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The eurozoe crisis
Updated: 10/11/2019
The eurozoe crisis
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Storyboard Text

  • The Eurozone crisis
  • The financial crisis turned from a one off failing banks and dramatic falls in GDP to one that focuses on the sustainability of debt in eurozone countries. It started in Greece then continued to europe. The Greek government borrowed heavily and wages doubled in the past decade.
  • How it effected it...
  • Having only recently been bailed out of the troubles they've had, UK banks face troubles, because they are highly exposed to Greek debt.
  • Export and trade impacts, if they EU does go back into recession and suffers losses in jobs and income then they will have less disposable income and confidence to buy UK exports.
  • The future...
  • International institutions and the EU have been trying to ensure that economies such as greece, are supported by other EU members. Problems such as weak growth, chance of deflation, banking troubles and lack of international competitiveness still remain o be solved across the eurozone area.
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