A Study On Impact Of Euro Zone Debts Crisis In Perspective Of China’s Foreign Trade

The Greek sovereign debt crisis Erupted in2010take the euro economy in trouble againwhen it has not yet recovered from the global financial crisis.After experience the changes of2010,Portugal, Ireland, Italy and Spain,also grew out of the financial crisis situation,facing aserious risk of sovereign default.In addition,Germany,France,the powerful countries of euro-zone is also not optimistic,facing severechallenges.Sovereign debt crisis transfer into financial markets in the euro area countries veryquickly.Therefore this article studies three issues:The collective exposure to sovereign debt andgovernment deficits,is there deep-seated contradictions in these countries;the crisis is possibleInternational transmission;and if sovereign debt crisis is infective,how should our governmentsto prevent.Firstly,based on existing literature,this article uses both within and outside the euro zonesovereign debt reason to explain this crisis.Secondly,after further in-depth analysis of thetransmission mechanism of sovereign debt crises.Then from the quantitative point of view,thisarticle gives us a better understanding of the spread of the crisis,and puts forwardrecommendations related to prevention.