Europarlamento Urbino

The financial crisis is going to be the central topic for this committee. In Particular we will be focusing on the Greek case. Greece is today the most indebted country of the Euro-zone and it has asked for financial aid in the recent days (Guardian) There is still no concordance among the countries on the matter, also it is a moot point whether the IMF should contribute to the bailout of Greece.

Interesting information is provided on the website of the European Parliament itself.

Tax on financial transactions, micro-finance and job creation are some of the several debates and actions being discussed and implemented by the European Institutions to tackle the crisis.

I suggest you to have a look on the following links:

DRIVING EUROPEAN RECOVERY

EUROPEAN FUND

GREECE, THE LATEST

The Economist

“It is often said that the IMF cannot intervene within the euro zone because it would be too humiliating, politically, for the EU to admit it could not look after one of its core members. That is clearly a view shared by senior officials. However, one source offered a further reason why the IMF is not welcome that I had not heard before. The fund’s experts typically offer countries in trouble a mixture of fiscal and monetary advice, he explained: ie, they tell countries to cut public spending and raise taxes, but also to alter interest rates and take steps to stabilise their currency. If the IMF told Greece to cut public sector salaries, say, that would not shock the rest of the EU, he said. But what if the IMF demands that Greece tighten or loosen its monetary policy? Greece shares its monetary policy with the other 15 members of the euro zone: would the ECB be expected to change its monetary policies? And what would Germany have to say about that?”