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Crash of the Titans

Crash of TITANS What is an economy crisis? What is going on in Europe? How does one understand their story? What are the factors that affect the economy. The following visuals throw some light on these issues, making the eurozone crisis visible and understandable. ▼ OVERVIEW OF ECONOMY v An ideal economy v Economic Crunch or SNOWBALL EFFECT. Next vear Goyt Surplus reduces or pays the dete Next year, Govt will start afresh Gevt has te earn Govt has te earn DEBT DEBT surplus to pay surplus to pay its yearly debt. Ther yearly needs to have surplus to nulity the backleg deficit of previcus its yearly debt. Their yearly revenue in with managable backlog reverue is called GDP years called GDP SURPLUS DEFICIT GDP GDP End of the year End of the year id outgoing is more eutgeing is less than the reverue than the revenue. NOTE NOTE then the country has a budget SURPLUS then the country After one year the ceuntry han enough to pay the yearly debil as well as run the country has a budget DEFICIT Incapability te eam eneugh by the year end, leads to borrowang more neat time * Outgoing - Expenditure by the country debt to be payed yearty * Trend repeats over the years, the deficit accumulates and government goes into financial crisis EUROZONE OVERVIEW Ireland Greece Portugal 155.992 227,318 172,799 104.4% 104.6% 151.9% 106.3% -31.3 -10.6 -9.8 Spain Slovakia France 1.051.342 65,887 1,932,802 42.5% 65.2% 86.1% -9.3 -7.7 -7.1 Slovenia Сургus Netherlands 35,416 17.334 588,414 66.8% 44.4% 63.8% -5.8 -5.3 -5.1 Italy Austria Germany 1,556,029 286.197 2,476,800 72.5% 121.4% 81.1% -4.6 -4.4 -4.3 Belgium Malta Finland 354.378 6,164 180,253 96.4% 71.4% 45.3% 71.6% -4.1 -3.6 -2.5 KEY Luxembourg Estonia 40,267 Country 14305 18.7% 6.2% Revenue/GDP lem) Percentage Debt (% GDP) 0.2 -1.1 Deficit (%GDP) Unempleyment FOOTNOTES SOURCES The data used is calculated for the year 2010 Eurozone includes 17 countries, not the same as European countries Information is beautiful MONEY PANICS challenge KPI Library leurozone databasel Unemployment percentage is rounded of to the closest value For more factors involved in an economic crisis: Created by http://www.guardian.co.uk/news/datablog/2011/no v/07/euro-debt-crisis-data Saakshita Prabhakar [email protected]

Crash of the Titans

shared by Saakshita on Dec 05
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What is an economy crisis? What is going on in Europe? How does one understand their story? What are the factors that affect the economy. The following visuals throw some light on these issues, making...

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