欧洲主权债务危机英

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1、EuropeanSovereignDebtCrisisandChinaLiuPengfeiNov30th,2011WhatistheEuropeanSovereignDebtCrisis（ESDC）?WhataretheinfluencesoftheESDConChina?WhatistheattitudeofChina?WhatistheattitudeoftheUnitedStates?WhatpartshouldChinaplayinEuropeanSovereignDebtCrisis?1、What’sEuropeanSovereignDebtCri

2、sis?（thedefinitionsof2terms)Asovereigndefaultisthefailureorrefusalofthegovernmentofasovereignstatetopaybackitsdebtinfull.Itmaybeaccompaniedbyaformaldeclarationofagovernmentnottopay,oronlypartiallypayitsdebts.Ifpotentiallendersorbondpurchasersbegintosuspectthatagovernmentmayfailtopay

3、backitsdebt,theymaydemandahighinterestrateincompensationfortheriskofdefault.Adramaticriseintheinterestratefacedbyagovernmentduetofearthatitwillfailtohonoritsdebtissometimescalledasovereigndebtcrisis.1、What’sEuropeanSovereignDebtCrisis?(theprogressoftheCrisis)Fromlate2009,fearsofasov

4、ereigndebtcrisisdevelopedamonginvestorsconcerningsomeEuropeanstates,intensifyinginearly2010andthereafter.ConcernaboutrisinggovernmentdebtlevelsacrosstheglobetogetherwithawaveofdowngradingofEuropeangovernmentdebtcreatedalarminfinancialmarkets.On9May2010,Europe'sFinanceMinistersapprov

5、edarescuepackageworth€750billionaimedatensuringfinancialstabilityacrossEuropebycreatingtheEuropeanFinancialStabilityFacility(EFSF).InOctober2011,eurozoneleadersmeetinginBrusselsagreedonapackageofmeasuresdesignedtopreventthecollapseofmembereconomiesduetotheirspiralingdebt.Thisinclude

6、daproposaltowriteoff50%ofGreekdebtowedtoprivatecreditors,increasingtheEFSFtoabout€1trillionandrequiringEuropeanbankstoachieve9%capitalization.2、WhataretheinfluencesoftheESDConChina?(disadvantagesandadvantages)OverChina’sforeigntradeMoremoneywillleaveChinaImproveChina’sstructuraltran

7、sformationEuropeanoverseascapitalinvestmentreturnReconsiderthelocaldebtofChina3、WhatistheattitudeofChina?G20summit2011washeldinNov3rd-4thOct28th,China’sviceforeignministerFuYingattendedaBriefing.http://news.xinhuanet.com/world/2011-10/28/c_111131389.htmAskEUtorecognizeChina’sMarketE

8、conomyCountryStatus