Budget deficit can be ter4med as the annual shortfall present between the government spending and tax revenue. Deficits can be good when it will

Econ Assignment: Economics Assignment by student at university

ECONOMIC ASSIGNMENT Economics Assignment Name of the student Name of the university

Finance

How Governments Reduce the National Debt

Hartpury University and Hartpury College

Managing Finance Name of the University Student Name

Question Answer

University of the Philippines System

Disease and Disorders

PRBE00 Economics For Managers Assignment

The European financial crisis started in 2008 with the collapse of financial institutions and increased government debts. The crisis was caused by misplaced confidence and assessment of risks, excessive private debts, excess government expenditure, and low economic growth. The crisis led to public deficit, high debt level, economic recession, high unemployment, and weakness of the Brussels commission. The European Central Bank and International Monetary Fund formulated reform to respond to the situation. The European financial policies aimed to end the debt crisis, reduce interest rates, prevent member countries from falling into bailout packages, and create harmonization within European financial markets. The policies also aimed to create trade trust and confidence among European states and the international community.

ECONOMIC ASSIGNMENT Economics Assignment Name of the student Name of the university