Economic Crisis in Europe: Impact and Interventions by Troika

Running head: ECONOMICS
Economics
Name of the student
Name of the university
Author note

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Table of Contents
Preface........................................................................................................................................2
Introduction................................................................................................................................2
Central problem..........................................................................................................................2
Aim of the report........................................................................................................................3
......................................................................................................................................................
Literature review........................................................................................................................4
Greece....................................................................................................................................4
Ireland....................................................................................................................................5
Spain.......................................................................................................................................5
Intervention by Troika............................................................................................................6
Housing scheme of Netherlands...............................................................................................11
Conclusion................................................................................................................................12
Lessons learnt...........................................................................................................................12
Reference list............................................................................................................................13

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Preface
This module will be important in my future career in a way that it will help in
developing the understanding of the forces of demand and supply. Throughout the course, I
have been inclined for understanding the economic structure globally. Managerial economics
had always been one of my favourite subject and it help me to understand the various
regulations that have taken place in the global markets. The managerial economies will also
be shaping the markets and the economies at large.
Introduction
The financial crisis along with the economic recession will be having a huge impact
on the countries in the European Union and also in the countries of the Eurozone. After the
crisis there had been a lot of turmoil in the economies of the various European countries. The
countries such as Greece , Spain and Netherlands were known to be hugely affected due to
the crisis. The International Monetary Fund along with the ECB would be structuring the
mechanism which are aimed at offering the financial aid along with guidance back to the path
of recovery., the combined effort Of the IMF and ECB will be help in structuring in
mechanism which aims at offering the financial aid and guidance back to the path of recovery
for the largely affected countries.The following paper will be using the literature for
analysing the economic crisis in Europe till the year of 2017 and thy combined efforts will be
helping in the stabilization of the situation back to normal.
Central problem
With the huge monetary crisis taking place in the all over Europe, its huge impact
were fell in the European economies where the European commission to9gether with the
ECB and IMF will be swiftly moving in for jointly curbing the situation and the formation of
this particular joint body is known to be Troika. This particular joint body had been made for

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saving the adversely affected countries such as Netherlands, Spain and Greece by offering
them with financial support to the governments and the various institutions which were at the
brisk. The4 Troika loans have been benefitting the Greece and Spain on the large scale. Some
of the countries were also expected for restructuring their entire economies in an effort which
would also help in restructuring their wage among the other reforms.
Aim of the report
The objective of the report is to develop an understanding the various forces of the
demand and supply that will be determining the market structure. The global depression
between the years 2007 and d2008 and will be impacted on the global economy. The research
will be addressing the interventions implemented by the different global agencies for
handling the economic crisis with the various paces of Eurozone in main countries namely
Ireland, Spain, Greece and Netherlands. The central condition is
What were the various economic impacts in the situations which led to the continued
need or the financial support for Spain, Greece and Ireland?
The sub questions will be
What was the effect of the increased VAT of Ireland on the economy of the country in
terms of production?
What happened when the liberalization of the housing market took place in
Netherlands and how will it affect the economy of the country?
Was the Netherland’s rule for the donation scheme fair according to the economic
principle?
What happened when there was pay cut in Spain on the employees of the economy of
the country?