The Orgin Reason Of Financial Crises-european Financial Crisis
The debt crisis is to give the opportunity to show his power.The economic growth
of the South American nation has taken developed countries decades of conferences on the spendthrift ways of Brazil. But now it is one of the fastest growing economies in the world.Brazilian Finance Minister Guido Mantegna said Tuesday the country is ready to help the economic crisis is affecting the IMF Greece, Italy and other European Union countries.But said that these countries must take more decisive action to solve problems. "Brazil and other countries, such as the BRIC (Brazil, Russia, India, China and South Africa) are willing to strengthen the International Monetary Fund," Mantegna said. "But that depends on them doing the tasks have been trying to do."
Among the tasks set by Mantegna is to create a European fund to address the debt crisis and the increased use of the European Central Bank of Brazil Bank.Mantega said funds could provide in the future could be used not only to help the peoples of 'Europe and in emerging economies, where there was a large foreign exchange reserves.
Mantegna did not mention numbers, and denied reports that Brazil had offered $ 10 billion IMF credit during the recent G20 meeting Cannes.Alexandre Barros, Early Warning political risk group such offer Brazil to help the International Monetary Fund is a sign of its growing influence on international return scene.In said, Brazil wants a greater role in the IMF and other multilateral institutions.
While the global economic crisis began in 2008, Mantegna, and other leaders of developing countries have struggled to reform the International Monetary Fund, World Bank and other multilateral institutions which take into account the growth of developing nations such as Brazil, China and India .
If the euro is abandoned, and perhaps the union is dissolved, the individual nations disappear into oblivion one after another. Financial Armageddon is a harsh reality. Stimulation does not and will never work. Each stimulus of economic history has achieved one thing, the delay. Doomsday has been riding on since 2007 and will be worse because the same neo-classical, neo-liberal followers who caused the accident last stay in the lead roles.
When the euro was introduced in 1999, European countries have agreed that fiscal discipline is essential for stability in the region. Even if the common currency is beneficial to all countries that have adopted it, not least on the current economic crisis, the failure of the euro-area members to follow their risks can still turn to the euro should be a disaster.
A few years went down in history as one of the major turning world, after which nothing was the same distance. Now it seems horribly plausible that 2011 will join their number. The euro area is very close to collapse. A report was published January 12, 2010 by the European Commission condemned Greece for falsifying his data on public finances. EU governments are to blame for failing to monitor and inspect the finances of Greece before agreeing to Greece in the euro area.
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