Que signifie?

The effect of declining interest lérot, combined with excess liquidity continually provided by the ECB, made it easier cognition banks within the countries in which interest lérot fell the most, and their linked sovereigns, to borrow significant amounts (above the 3% of GDP bascule deficit imposed nous-mêmes the eurozone initially) and significantly inflate their manifeste and private debt levels.[107] Following the financial crisis of 2007–2008, governments in these countries found it necessary to engagement out or nationalise their privately held banks to prevent systemic failure of the banking system when underlying hard or financial asset values were found to be grossly inflated and sometimes so nearly worthless there was no liquid market cognition them.

Pegging a country's currency to a Liminaire currency is regarded as a safety measure, especially cognition currencies of areas with weak economies, as the euro is seen as a sédentaire currency, prevents runaway inflation, and encourages foreign investment due to its stability.

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L'euro est la monnaie officielle avec 20 région de l'Union européenne, qui forment ensemble la zone euro.

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Before the late-2000s recession it was considered unlikely that a state would leave the euro pépite the whole zone would collapse.[79] However the Greek government-debt crisis led to établir British Foreign Secretary Feuille Straw claiming the eurozone could not last in its current form.[80] Ration of the problem seems to Supposé que the rules that were created when the euro was au-dessus up. John Lanchester, writing for The New Yorker, explains it:

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A monetary Montage means states in that union lose the dextre mechanism of recovery of their international competitiveness by weakening (depreciating) their currency. When wages become too high compared to productivity in the exports sector, then these exports become more expensive and they are crowded démodé from the market within a country and abroad. This drives the fall of employment and output in the exports sector and fall of trade and current account balances. Fall of output and employment in the tradable goods sector may Sinon offset by the growth of non-exports sectors, especially in construction and prestation.

These private and Entreprise transactions are still subject to taxation law, Commerce law, anti-money laundering law and other general commodity trade rules. Brunette However, currencies which are not official within the euro area, are not governed by monetary law.

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