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Powerpoint Slide 3

    Question Description

    4-5 Powerpoint slides based on the information about the meltdown of the countries.

    The euro crisis after the meltdown was caused by the loss of competitiveness in the European countries. Its adoption caused countries like Greece, Ireland, Italy, Portugal, and Spain to lose competitiveness. The adoption caused similar effects across the countries. A big drop in interest rates, loss of confidence was shown by the institutions as they tried to discover the income in the economy (Dudush, 2010). There was an acceleration of growth as domestic services, government expansion drove them while making exports to stagnate. During the meltdown, the major outcome was debt in both public and private economies.

    Since the crisis outbreak, Greece and Italy have flowed as compared to other countries. The deficits of Greece which ran publicly were two times the size of Italy and accumulated almost twice the debt as a share of the GDP. Statistically, it is a fact that the load of debt of Italy of today is comparable to that of Greece.

    Italy having a debt of 115 percent as per the GDP, and a 4 percent interest rate, they must spend approximately 4.5 percent of GDP in a calendar year which is equivalent to its budget of education this year. Besides, even if the revenues collected from the public were used to cover the government expenses, the cost of interest will lead the debt of Italy to a faster growth than its slow-moving economy. Consequently the rate of growth annually becomes 3 percent in insignificant terms for a period of seven years. (See Table 1)

    Country

    2015

    2016

    2017

    2018

    Greece

    178.78

    183.46

    181.78

    188.06

    Italy

    131.51

    131.04

    131.81

    130.28

    Belgium

    106.09

    106.03

    103.42

    101.19

    France

    95.58

    96.59

    96.80

    96.69

    United Kingdom

    87.88

    87.91

    87.53

    87.38

    Germany

    70.91

    67.9

    63.86

    59.79

    Ireland

    76.93

    73.56

    68.56

    66.58

    Spain

    99.44

    98.00

    98.36

    97.15

    United States

    104.79

    106.84

    105.20

    106.14

    Sweden

    44.19

    42.32

    40.84

    37.91

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