The Analysis Of European Debt Crisis

This thesis is committed to systematically and comprehensively analyse European sovereign-debt crisis with the Marx’s economic crisis theory, the theory of optimum currency area and the financial accelerator theory that the primary cause is that the government revenue and expenditure is out of banlance.The reasons have following performance:government spending is huge due to the basic ontradiction of capitalism and the democratic election system,the reduction of revenue due to the national economic structure imbalance and unsustainable economic growth mode, the defects of the system in the euro area and the international rating agencies aggravating a more complicated situation. Then this paper starts to analyse the impact of the sovereign debt crisis on the global economy, the European economy as well as China’s economic in the economic and financial area.The main concern is whether the euro will continue to play an important role in the international arena, which will help us to accurately determine the international economic situation, exploit the advantages and avoid disadvantages in major economic decision-making.Finally, it is necessary to summarize some lessons and inspirations from this debt crisis especially for China which is in rapid economic development. Therefore, we should speed up the construction of social security system, give more reflection on the regional monetary cooperation, strengthen regulation of derivatives, so that our nation is allow to ensure sustainable growth of fiscal deficits, debt and economic development.