COMPARATIVE ANALYSIS BETWEEN ANTI-CRISIS MECHANISMS FOR FINANCIAL STABILITY OF THE REPUBLIC KAZAKHSTAN AND THE EUROPEAN UNION Cover Image

СРАВНИТЕЛЕН АНАЛИЗ МЕЖДУ АНТИКРИЗИСТНИТЕ МЕХАНИЗМИ ЗА ФИНАНСОВА СТАБИЛНОСТ НА РЕПУБЛИКА КАЗАКСТАН И ЕВРОПЕЙСКИЯ СЪЮЗ
COMPARATIVE ANALYSIS BETWEEN ANTI-CRISIS MECHANISMS FOR FINANCIAL STABILITY OF THE REPUBLIC KAZAKHSTAN AND THE EUROPEAN UNION

Author(s): Sava Hristov Dimov
Subject(s): Economy
Published by: Бургаски свободен университет
Keywords: EFSF mechanism; financial stability; eurozone; EU financial perspectives; F3 International Finance

Summary/Abstract: The deepening debt crisis has raised the issue of creating an efficient anti-crisis mechanism for financial stability. The governments of the countries have responded differently in order to preserve the financial systems of their countries. The debt crisis in the United States reflects on the failure of the country to cover its costs without a new "ceiling" on government debt being voted by Congress. In 2011 there is no alternative to the country, except to declare state bankruptcy, ie. To begin not to pay its debts.2 The last value of the US government sovereign debt ceiling before July 31, 2011 was set at 12 February 2010 at $ 14,294 trillion. The new decision of the two chambers of the US Congress is for a smooth two-step, within 10 years, a new increase of $ 1 and $ 1.8 trillion respectively.

  • Issue Year: XXV/2011
  • Issue No: 1
  • Page Range: 240-248
  • Page Count: 8
  • Language: Bulgarian