The Rescue Research Of Sovereign Debt Crisis In The Eurozone

Since2010, the debt crisis from Greece spread to countries such as Ireland, Portugal, Spainand Italy, and much worse. The sovereign debt crisis outbreak in the euro area, the euro faced sincethe birth of the great tests and challenges.In this paper, the Greek sovereign debt crisis and evolution of the main line, the outbreak of thesovereign debt crisis in the euro zone and the diffusion process the combing and analysis of thesystem; based on in-depth analysis of the sovereign debt crisis of the European Union, internationalfinancial markets as well as the impact of the global economic recovery.Since the euro zone sovereign debt crisis, the EU and the IMF, the crisis in the country and theEuropean Central Bank are various rescue measures taken on the Member States of the debt crisis,including the European Union and the International Monetary Fund’s short-term relief measures andlong-term The rescue mechanism; purchase member states of the euro zone crisis five countrieshave implemented fiscal austerity plan as well as the European Central Bank to take the nationaldebt and quantitative easing monetary policy for the content of the rescue measures. Agencies totake the series to prevent contagion of relief measures, but at this stage of the reform measuresessentially "new debt old" does not completely eliminate the root causes of the euro zone sovereigndebt crisis.The core part of this paper is the empirical analysis of the euro zone sovereign debt risk. A trialto collect the data of the assets and liabilities of the euro area countries, the sovereign balance sheetof the three countries, to represent the assets and liabilities of these countries. Through thecalculation of a growth rate of state assets and liabilities value growth rate ratio, the elasticity of thevalue of the assets of the country’s sovereignty on the changes in the value of the debt. Thencombined with the actual situation of the countries of Austria, France and Portugal, elastic analysis,and the conclusion is: whether national initiatives to tighten fiscal policy, the European Union andthe Monetary Fund (IMF) the external rescue measures for its implementation, in certain extent,ease the impact of the debt crisis, which played a very important role in these relief measures.Finally, from both positive and negative, respectively prospects for the post-crisis era of theeuro area economy is analyzed, the positive aspects of performance in the EU rescue measures willhelp ease the pressure of crisis and European economic sentiment index rebounded; negativeaspects of performance inflation worries plagued European countries, the euro zone internalcontradictions affect the future of the recovery process. Then combined with China’s actualsummarized from the perspective of government debt, the financial system of the euro zonesovereign debt crisis on China’s revelation.