Analysis on the Southern Europe Sovereign Debts Crisis: from causes to solutions: the Eurobond proposal

De Vizio, Leonardo (A.A. 2011/2012) Analysis on the Southern Europe Sovereign Debts Crisis: from causes to solutions: the Eurobond proposal. Tesi di Laurea in Politica economica, LUISS Guido Carli, relatore Michele Battisti, pp. 50. [Bachelor's Degree Thesis]

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With its approval, on February 2nd 1992, the Maastricht Treaty designed not only the political, legal or social asset of the future European Union but declared the economic foundations for a single Monetary system. During that period the European leaders set the core reforms and the corporate governance system of the future Eurozone. Twenty years later the pillars that were used to raise the Euro Area do not seem so solid and indestructible. The 2008 financial downfall led to an economic recession that reached the center of the European monetary system, showing structural problems and anomalies. The wanting to delve into the recondite causes of the crisis motivated this analysis. In particular, the elaborate will focus on the Southern European countries. These States different nations share many similar cultural and sociological aspects. It does not seem a case that the crisis is concentrated mostly in this geographical area. In this case, the common cultural roots correspond to similar economic deficiencies. The first chapter is dedicated to the structural inefficiencies that affected the process of European integration, analyzing the macroeconomic limits of Southern Europe, the Government Bond Market anomalies and the Spanish real estate bubble. Afterwards, a precious element that helps the comprehension of the actual situation is the study of the policies adopted since the crisis exploded. Where the European corporate governance system is going through? The answer to this focal question will be furnished in the second part of the elaborate. The second chapter will provide a short description of the most relevant events occurred during the sovereign debt crisis, reporting the European responds to the crisis and illustrating the adjustments made by the European Central Bank to alleviate the crisis. Then, crises do not last forever. Situations need to be addressed in accordance with a common vision of the future. The essential need that South Europe faces is to ensure the long term reliability of the Monetary Union. Since the beginning of the crisis, this not simple task has aroused plenty of different proposals, aimed by the objective of restoring the definitive political and economic order. The sense of this thesis is to examine one of the most discussed long term solutions: the Eurobonds. The final chapter will furnish the definition of Eurobond and illustrate the academic discussion about this proposal, comprehending the description of the political scenario.


Bibliografia: pp. 45-50.

Thesis Type: Bachelor's Degree Thesis
Institution: LUISS Guido Carli
Degree Program: Bachelor's Degree Programs > Bachelor's Degree Program in Political Science and Communication (L36, L20)
Chair: Politica economica
Thesis Supervisor: Battisti, Michele
Academic Year: 2011/2012
Session: Autumn
Uncontrolled Keywords: Debito. Eurobond.
Deposited by: Maria Teresa Nisticò
Date Deposited: 28 Nov 2012 18:03
Last Modified: 19 May 2015 23:17


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