professional assignment 2

By using the data (Up to the year 2008) for Euro zone countries (excluding Malta and Cyprus) from ‘OECD fact book’ discuss the impact of the following factors in bringing about the ‘Euro crises’:

1- Budget deficits and national debt

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2- Balance of payments

3- Social expenditures Using graphs compare the above factors for the countries in trouble, PIGS (Portugal, Ireland, Italy, Greece and Spain) vs. other countries in the Euro zone like Germany and France that fared well and contrast which of the above factors may have contributed to the crisis.

The fact that all these countries were using a single currency and did not have the power to devalue their own currency could be another factor you need to consider when analyzing this issue.

so the outline should be like this:

introduction about euro crisis

budget deficits

national debt

balance of payments

social expenditures

graphs to compare PIGS with germany and france

factors contributing to crisis

conclusion and bibiliography