The Crisis From The Middle East And The Brexit

As per the study of the European Union, EU came in action to sort out the causes of other nations which use to have wars which were set up after the Second World War. As they tried their best to solve out the issues of other countries but they ended up having more problems which EU faced and was difficult to solve them out as the rate of unemployed people was too much and the economic growth was getting affected in this situations the other nations started to think up the how to keep up the relation between the nations with EU. As the problems were arriving day by day that the issues were where not getting solved by the EU so everyone started thinking the future of the EU. Sometimes when the European Union use to take any decisions to solve the issues out it takes a longer time to solve out the problem and the process which helps out to ease the situations it takes time as well to sort out the situations was getting worst day by day. Another major issue was that the migrants who were coming for the undeveloped countries were arriving to seek the jobs and to reduce their stress and poverty In their nation but already there was too much of difficulty faced by the EU to solve other problems and work out for their internal problem. Even thought

The EU was created in the midst of a war in attempts to unite Europe under a common government. After 43 years of rebuilding foreign affairs, have their attempts made a positive impact on the modern Europe? Many argue that the EU takes a toll on country's sovereignty. They lack in allowing countries to be apart of the union, without masking the unique culture and diversity of that country. Despite the advantages of being apart of the EU, the disadvantages highly outweigh them in the areas of economic, independence and cultural identity.

Part of the exceptional nature of the EU stems from the notion that nothing like it has ever been attempted successfully before. The European Union is an international institution with a single market and shared currency. It strives to maintain singular goals and make its way towards being an “ever closer union”. Today, the European Union has expanded to include twenty-eight member countries with an influence that reaches every continent. This institution has had an impressive history, but it has reached a point of concern. The golden years which held high hopes of a united supranational Union are long over. The EU faces destructive problems today, which could ultimately end their impressive era of cooperation. The Union has come

The past 30 years have been filled with great change and turmoil for many of Europe’s countries. The rise and fall of the USSR as well as widespread communism throughout Europe deeply effected many nations and forever changed the course of their economies. Independence came with a sigh of relief but also a lingering question of how to effectively reenter a market that had been inaccessible for years. Coming up with a plan to transition into the global economy was difficult, and once established implementation was even harder. New policies and reforms were met with resistance and many nations had to work hard to erase the lingering effects of communism from within their economy. Nevertheless, this hard work, in many cases, did pay off and ultimately

Before the crisis, in order to be a part of the Eurozone, countries had to have budget deficits less than 3% of their GDP, national debt less than 60% of their GDP, and inflation rates within 1.5-2% of the economy with the lowest inflation rate in the Eurozone. However, these were not strictly enforced, obviously, as Greece got away with it in extreme measures with no penalty. According to Michael W. Bauer and Stefan Becker, due to the crisis, “there have been crucial changes to all procedures that steer national economic and fiscal policies,” and, “it improves the stringency of EU economic policy-making, providing clear timelines and combining ‘hard’ and ‘soft’ measures” (219). In theory, this should significantly improve the system, as the crisis likely never would have happened if the Eurozone qualifications had been strictly enforced.

The austerity and inability to repay cast a revolving door of privatization. Germany, the brain child along with England, France, and the US are stealing foreign wealth cheap plundering natural resources. Surrender weapons and wealth hoping to trade with other member states hoping to gain affluence not thinking the aftermath of debt and control under a monetary system dictated to serve the project leaving 99% behind. The control of using men and women for war at disposal of a demand causing chaos, disrupting societies, and at the end steal territory and natural resources broadening the scope of globalization. The nations are aligned for one purpose dividing, chaos, rebuild, and have the country join the Euro Zone under tyranny, and evil. The matrix of the Euro Zone described as an angel of light who promises freedom and deliverance. Instead at the end, people become slaves and servitude to a project reserved for the elite and not citizens. Great Britain exit the Euro Zone and observed the swindle, changing regimes, an influx of refugees, and using their sons to fight in war enabling to expand an evil

The German economy is the largest in Europe and worldwide Germany has the fifth largest economy (“World fact book”, n.d.). It is clear that the German economy holds a key position in the world marketplace. Gross domestic product (GDP) growth is an important consideration for foreign investment as it speaks to the overall health of an economy. GDP growth can be attributed to spending and investments both on and from imports and exports (“What is GDP”, 2005). In 2014 the reported GDP growth rate in Germany was 1.4%, up .9 % from the prior year (“World fact book” n.d.). The Eurozone was deeply affected by a recession stemming from the US and made worse by poor economic conditions in Greece and Spain, among other countries in

The Global Financial Crisis revealed many flaws in the institutional framework of the Eurozone, as well as the flaws in the policies implemented in the aftermath of the revelation of the crisis. One of the major flaws revealed in the institutional arrangement of the Eurozone project, is the clause in the Maastricht Treaty which limits the ceiling on the ratio of the annual government deficit to gross domestic product. As a result of the Global Financial Crisis, The Maastricht Treaty put into place structural impediments that prevented member states from implementing counter-cyclical policies. It is likely that the crisis left a deep and long-lasting effect on economic performance and overall social hardship. Job losses were contained for some

By the end of 2008, the European Union began experiencing rippling effects of the United States financial crisis. Several member countries, most notably on the southern end of the continent, faced high levels of debt and unemployment. Portugal, Iceland, Ireland, Greece, and Spain, derogatively referred to as “PIIGS,” required extensive economic support from the EU in order to repay government debts and bail-out private banks. Disbursal of aid in 2010 proved successful in promoting economic recovery in some countries; however, the vast majority observed only slight economic improvement which led to doubts regarding the effectiveness of the harsh austerity measures implemented. Ireland has most clearly benefited from the financial support of the European Union as the country’s unemployment rate has dropped below ten percent and is expected to witness 4.5% GDP growth in 2016. Portugal, on the other hand, shows little fiscal improvement as evident in an unemployment rate of 13% and an expected GDP growth of only 1.6% in 2016. Although both countries faced tough financial crises in 2010, Ireland has notably outperformed Portugal in resolving the situation. The weak economy in Portugal, as well as continued fiscal hardship in the remaining “PIGS” countries, threaten the preservation of the European Union as financial inequality between the members persists.

Europe is a powerhouse of Western culture and science. It possesses an economy with an annual Gross Domestic Product of over sixteen trillion dollars.1 Europe’s global economic connections are worth billions to developing countries and even the United States of America.2 Regrettably for the global economy, the European Union may collapse very soon, the cost of allowing incompetent politicians to run an economy on bad policy.3 A fiscal union is necessary to prevent the destruction of the Eurozone.

The Euro-zone and Japan have slow GDP growth and their savings increase due to a lack of confidence in both financial and social security systems as well as the inability of the private sector to find investments. Also we see increasing fiscal deficits, very low real interest rates and low inflation. The Euro appreciated vs. USD, creating loss of export competitiveness

The economic crisis has exposed the social, economic and management issues and made that decisions will lead to greater savings, social spending cuts. It is caused by a multitude of mass protests and riots. Economic crises intensified political and economic nationalism and anti-immigrant mood. This cleaves the EU from the inside. The European relative power in the world is decreasing due to the economic stagnation, lack of a unified foreign policy, demographic factors and power growth in developing regions.

Furthermore, the Fund also recognized that after nearly four years of “internal devaluation,” the economic strategy had not succeeded. The idea of an “internal devaluation” is that if you create enough mass unemployment and push wages down far enough, the economy can become more competitive due to lower labor costs. This allows exports to grow, and import-competing industries to also do better, improving the trade balance. Since exports add to economic growth and employment, and reduced imports do the same, the economy can recover in this scenario due to increasing net exports (exports minus imports). Normally this could be attempted through a devaluation of the currency. But the troika has only recently shown any intention of trying to push the euro’s value down against external trading partners; and of course since it is a common currency, the more depressed economies within the currency union can’t devalue against the others (e.g. Spain versus Germany). This leaves “internal devaluation” as the remaining hope for recovery for countries such as Spain, Greece, and Portugal. In other words, despite the negative impact of the fiscal austerity, the theory is that “internal devaluation” based on lower labor costs can drive recovery based on the growth of net exports.

The recent global financial crisis that affected not only America but also Europe and other parts of the world resulted in massive unemployment. This is due to the high costs of operation that many corporations faced forcing them to cut on labor costs. There is need for European government interventions to avert this social crisis and prevent

Looking at the development of the Eurozone almost 15 years after the Euro introduction, the gross domestic product (GDP) of the Eurozone has only minimally (0.6%) increased in 2015 compared to 2007. Further, a pattern of divergence can be observed across the Eurozone. There are some countries which have experienced modest growth (i.e. Germany) and others that show a rather constant decline (i.e. Greece). The overall productivity has developed worse than expected, and is with an increase of only 0.6% from 2007 to 2015 fairly low. Another important indicator of the well-being of a country is the standard of living, measured by GDP per capita. This figure has been decreasing by almost 2% in the last 7 years. In terms of economic security, population still suffers under the crisis, shown in the increasing rates of unemployment and the decrease in government spending especially for social expenditures (i.e. Greece: 22% by 2015). A high standard of living also implicates a certain “connectedness” with family members, through the high youth unemployment rates in Spain, Italy etc. many young people leave their families in order to seek better opportunities in other countries (Stiglitz, 2016). Unemployment was on average 11% across the Eurozone and youth unemployment is levelled at twice that size, which will have enduring/long-lasting effects on future income and pension scheme. … “The euro has deepened the divide (…) weaker countries are becoming weaker and stronger are becoming