Eurozone debt crisis

Denisa Vlčková

Master's thesis

Abstract:

The aim of the thesis is to analyse recent Eurozone debt crisis with focus on PIIGS (Portugal, Ireland, Italy, Greece and Spain) countries. The main goal of this thesis is to identify causes of the crisis for individual PIIGS countries. In order to do it is necessary to look more in the past. Further attention was paid to the course of the crisis, especially to financial help provided by European Union and International Money Fund. In the end is explained how economic imbalances increasing external debt and what impact financial crisis had on the European economies.

Abstract:

The aim of the thesis is to analyse recent Eurozone debt crisis with focus on PIIGS (Portugal, Ireland, Italy, Greece and Spain) countries. The main goal of this thesis is to identify causes of the crisis for individual PIIGS countries. In order to do it is necessary to look more in the past. Further attention was paid to the course of the crisis, especially to financial help provided by European Union and International Money Fund. In the end is explained how economic imbalances increasing external debt and what impact financial crisis had on the European economies.

Keywords

Eurozone, debt crisis, PIIGS, deficit, ESM, public debt, interest rate

Keywords

Eurozone, debt crisis, PIIGS, deficit, ESM, public debt, interest rate

Language used: English

Date on which the thesis was submitted / produced: 1. 10. 2018

Thesis defence

• Date of defence: 11. 6. 2019
• Supervisor: Karel Brůna
• Reader: Ondřej Šíma

Vysoká škola ekonomická v Praze

Master programme:
Finance and Accounting