Recently, British citizens voted to leave the European Union in a process dabbed Brexit that would undoubtedly have significant political, social, and economic ramifications in the short and long term. Notably, the financial realm will be the most affected due to the integrated nature of the European financial architecture. Expectedly,...

Overviewing the historical development of Spain economy would be appropriate to mention the fact that in comparison with the rest of Europe the financial crisis hit Spain slightly earlier. It has led to a considerable fall of real GDP that equals about 8, 9%; has provoked an immense rise of...

History of EuroIn the aftermath of World War II, an attempt to stabilize the European continent led to the formation of the European Economic Community. Their goal was to develop and promote an integrated economic system among the member states. The theory was if these countries are united in a...

For the achievement of China’s economic, social and economic success, the country’s government has enacted and adopted various policies to assist in management of the nation’s affaires. With the assistance of National People’s Congress (NPC), the China’s parliamentary delegation, china has been in a position to lay down strategies and...

The crisis is similar to the crisis that occurred in the U.S. Market known as the subprime mortgage crisis of 2008. This paper argues that there will not be the same type of economic crisis in China because in China the government owns all the banks and they require really...