Problems in the European Union

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A presentation about recent problems and solution in the European Union

Économie & finance Actualités & Politique

 The EFSF

 Measure to save Greece

 New “problem country”: Spain

 The European Financial Stability Facility

 It’s heir: The European Stability Mechanism

 More firepower: 750 billion Euros

 Help from non EU-countries

 Registered company

 Best credit rating

 Provide Greece: 130 billion Euros

 Takeover by ESM

 The Private Sector Involvement

 Haircut of about 53.5%

 Greece Bond Holders

 A Voting in Athene

 Major European banks

 Allianze, Axa, Deutche Bank,…

 The National Bank of Greece

 German Bank: FMS Wertmanagement

 Property bubble

 Unrealistic investments

 Deficits to GDP too high

 4.4%5.3%

 Reduce spending cuts

 Negative influence: health, education,…

 Unemployment 23.3%10.1%

 Fitch Ratings: ‘A’’AA-’

 After great effort

 Progress?

 Realistic?

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