歐洲主權債務危機（英文課件）

1、European Sovereign Debt Crisisand ChinaLiu PengfeiNov 30th, 2011What is the European Sovereign Debt Crisis（ ESDC）?What are the influences of the ESDC on China ?What is the attitude of China ?What is the attitude of the United States ?What part should China play in European Sovereign Debt Crisis ?1、W

2、hats European Sovereign Debt Crisis ? （the definitions of 2 terms)A sovereign default is the failure or refusal of the government of a sovereign state to pay back its debt in full. It may be accompanied by a formal declaration of a government not to pay , or only partially pay its debts. If potentia

3、l lenders or bond purchasers begin to suspect that a government may fail to pay back its debt, they may demand a high interest rate in compensation for the risk of default. A dramatic rise in the interest rate faced by a government due to fear that it will fail to honor its debt is sometimes called

4、a sovereign debt crisis.1、Whats European Sovereign Debt Crisis ? (the progress of the Crisis)From late 2009, fears of a sovereign debt crisis developed among investors concerning some European states, intensifying in early 2010 and thereafter.Concern about rising government debt levels across the gl

5、obe together with a wave of downgrading of European government debt created alarm in financial markets. On 9 May 2010, Europes Finance Ministers approved a rescue package worth 750 billion aimed at ensuring financial stability across Europe by creating the European Financial Stability Facility (EFSF

6、).In October 2011, eurozone leaders meeting in Brussels agreed on a package of measures designed to prevent the collapse of member economies due to their spiraling debt. This included a proposal to write off 50% of Greek debt owed to private creditors, increasing the EFSF to about 1 trillion and req

7、uiring European banks to achieve 9% capitalization.2、What are the influences of the ESDC on China? (disadvantages and advantages)Over Chinas foreign tradeMore money will leave ChinaImprove Chinas structural transformationEuropean overseas capital investment return Reconsider the local debt of China3

8、、What is the attitude of China ?G20 summit 2011 was held in Nov 3rd-4thOct 28th, Chinas vice foreign minister Fu Ying attended a Briefing.Ask EU to recognize Chinas Market Economy Country Status and loosen the high-tech products export to China ?Nov 1st, China launched theTiangong-1 successfully.Nov

9、 3rd, Tiangong-1 docked with Shenzhou-8 successfully, which marks China has become the third country having the docking technology.Does China want to demonstrate that it has became a Big Power ?4、What is the attitude of the United States ?Oct 28th, President Obama published an article in the Fiancia

10、l Times, which set the tone of the United States to G20 Summit and ESDC.The United States is still the leader of the world.President Hu ignores Sarkozy, over which Obama has a good gloat.5、What part should China play in European debt crisis ?First, China should buy more bonds from multilateral institutions to reduce the risk.Second, China should encourage domestic enterprises to expand in Europe, carry out business cooperation with European companies or invest more in the infrastructures of some European countries. Third，“冷靜觀察、沉著應付、穩(wěn)住