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  • Eurozone Sovereign Debt Crisis.: Fiscal Contraction and Tighter Control On National Budgets

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    Preyanshu Saini
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    The document outlines several reasons that triggered Brexit, including the Eurozone sovereign debt crisis which led to fiscal contraction and austerity measures across Europe. It also cites immigration issues as 3/4 of new jobs were taken by EU immigrants, as well as burdensome EU regulations, high membership fees, and threats to UK sovereignty from the EU. Germany's proposal to impose a Tobin tax to discourage speculative currency flows was another listed factor.

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    Reasons Triggering Brexit

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    The document outlines several reasons that triggered Brexit, including the Eurozone sovereign debt crisis which led to fiscal contraction and austerity measures across Europe. It also cites immigration issues as 3/4 of new jobs were taken by EU immigrants, as well as burdensome EU regulations, high membership fees, and threats to UK sovereignty from the EU. Germany's proposal to impose a Tobin tax to discourage speculative currency flows was another listed factor.

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    9 views1 page

    Eurozone Sovereign Debt Crisis.: Fiscal Contraction and Tighter Control On National Budgets

    Uploaded by

    Preyanshu Saini
    The document outlines several reasons that triggered Brexit, including the Eurozone sovereign debt crisis which led to fiscal contraction and austerity measures across Europe. It also cites immigration issues as 3/4 of new jobs were taken by EU immigrants, as well as burdensome EU regulations, high membership fees, and threats to UK sovereignty from the EU. Germany's proposal to impose a Tobin tax to discourage speculative currency flows was another listed factor.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    of 1

    Reasons triggering Brexit

    • Eurozone sovereign debt crisis.


    -Fiscal Contraction and tighter control on national budgets.
    Collapse of US
    Debt Austerity
    Monetary vs Defecit spending Housing bubble Domino effect of
    Accumulation measures +
    Fiscal Union of Greece (credit stopped defaulting
    across Europe Bankruptcy
    flowing)

    • Immigration issue.
    -since 1997, 3/4th of jobs created are taken up by EU immigrants.
    - national security threat.

    • Burdensome Regulations imposed by EU.

    • High Membership fee – 340 pound sterling/ household.

    • EU threatens UK’s sovereignty.

    • Germany’s proposal to impose Tobin tax.


    -to discourage speculative flow(both inflow/outflow) of currency.

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