The European Debt Crisis Visualized

Visualise what is the european debt crisis is the value of the euro to the ties together 17 european countries in tampa florida man over the past three years portugal ireland italy and spain football. On the brink of financial collapse brighton to bring down the entire contents and the rest of the world app trader caravans in different i'm doing business across borders with difficult you need to pay a fee to exchange currency and you needed to pay tariff ee to buy and sell to companies then came world war 2 which devastated europe
because the situation was the fastest way to rebuild your up with the begin to remove these barriers call tariffs came down on saturated selco builders in another are unified view of a union across the cut end of future war countries begin to be on to get it with disco bringing down tree bill murray in the cost of doing this one of the last barriers for form of the berlin wall with a united germany 27 countries signed the maastricht treaty and created the european union this may doing business across borders the different kinds of a decade later they had won the euro first 1999 volvo c30 discontinued their own france because of this continue the wrong monetary policy european central bank ecb the euro area male have one unified monetary policy but it still had many different fiscal policy at key reason for the product pricing monetary policy vs fiscal policy you see it important to understand the difference between monetary policy and fiscal policy monetary policy control the money supply how much money there is in the economy in for spring time does the policy controls how much money a government collection texas amazon spend the government can anything about bella mount pinatubo this cold deficit spending before the euro at the pay high interest rates to borrow borrow so much comfortable living them too much money but now they are part of the euro area's new united monetary policy the amount they could borrow please send me add access to credit like never before reason other countries which previously eating person germany's credit card ucd joining the euro area is a lot like sharing a credit or debit card whitmore borrowed money as long as the bath and beyond valence fiscal policy cheap credit does it in the united states and flowed opening factories and offices across europe drum and bass and so on and so forth this is me doing business in credibly efficient are the same time time together and collective feet of the euro area things continue this way as long as credit is available incredibles available until 2008 election the us house prices you couldn't borrow money to pay for other jobs and benefits of creatine this is a problem because of the unified monterey pop it was ozil problem for all of you ever repay but the problem is somebody has to pick up the tab or else everytime tree in the euro area will suffer the builder couldn't repair everyone the biggest and strongest economy in europe germany reluctantly agreed to help fill out the devil countries in other words for junior cream to repay the bill but only if the debt of countries agreed employment street austerity measures for sure they would never happen again  i'm paying back more debt like a simple solution right it's not first of all nobody wants austerity austerity means cutting government spending in since the government is by far the biggest spending in the economy when the government cut spending citizens people lose job they get angry down for countries but you see the government collect taxes based on people so when the government collect plus in taxes this still can't pay download games the pain is so bad political impossible to accomplish on top of that dress shoes cultural differences within the euro area console difference  germany is very fine if we ever since the terrible hyperinflation the company experience that the world war one it's finished inflation of incredibly careful about spending in general heart benefits and meticulously page enjoy and don't pay taxes greece has a terrible problems with his never collected the majority of the texans in positano in the euro that doesn't work if you wanna money you need a moral of the denver country is headed towards the fault for helping people do huge breasts because the european financial system is salt in a connected to say sleep because of the euro remember the day today please borrow money from banks investors europe as their countries get closer to the fault everyone who lived in money becomes weaker and everyone is money also becomes weaker and so on a problem caused the whole continent chain reaction of the fault if greece defaults in spain to the fault in france win the world football union the problem is even of the definition of them in a void the media crisis in place to prevent this from happening again back of their fundamental division of monetary policy and fiscal policy ultimately the euro area requires a fiscal union to manchester monetary unit of political organisation with authority in a stethoscope policy within every euro area countries it must have the power to cut spending raise taxes in law prevent excessive borrowing and spending this is in the morning to complicated 72 of higher power in essence a united states of europe yep without a centralised fiscal union accumulator degrade the value of the euro in france can you repeat that in creda union alongside the monetary union for will the monetary union break up  in a euro disappear