Category Archives: IMF

The Economic Consequences of the Euro

Greek Euro

The GoLive Indonesia Project collaborating with Persatuan Pelajar Indonesia Australia (PPIA or Australia-Indonesia Student Association) at the University of Adelaide organised their third academic workshop on 13 July 2011. Associate Professor Colin Rogers of the School of Economics at the University of Adelaide explained about the economic consequences of the Euro.

Following the global financial crisis, concerns about rising government deficits and debt levels have alarmed financial markets across the globe which include some Eurozone members namely Greece, Ireland and Portugal. Greece’ GDP growth recorded at 5% in 2006 dropped to -5% in 2010 (see graphics of the Euro crisis here) .

Is there a solution?

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Filed under Economic Integration, Euro, Financial market, IMF, PPIA academic discussion