欧洲主权债务危机英文课件.ppt.ppt

European Sovereign Debt Crisis European Sovereign Debt Crisis and China and China Liu Pengfei Nov 30 th , 2011 ?? What is the European Sovereign Debt Crisis What is the European Sovereign Debt Crisis ( ( ESDC ESDC ) )? ? ?? What are the influences of the ESDC on China ? What are the influences of the ESDC on China ? ?? What is the attitude of China ? What is the attitude of China ? ?? What is the attitude of the United States ? What is the attitude of the United States ? ?? What part should China play in European What part should China play in European Sovereign Debt Crisis ? Sovereign Debt Crisis ? 1 1、、 What What ’’ s European Sovereign Debt s European Sovereign Debt Crisis ? Crisis ? ( ( the definitions of 2 terms) the definitions of 2 terms) ?? A sovereign default A sovereign default is the failure or refusal of the is the failure or refusal of the government of a sovereign state to pay back its debt in government of a sovereign state to pay back its debt in full. It may be panied by a formal declaration of a full. It may be panied by a formal declaration of a government not to pay government not to pay , , or only partially pay its debts. or only partially pay its debts. ?? If potential lenders or bond purchasers begin to suspect If potential lenders or bond purchasers begin to suspect that a government may fail to pay back its debt, they that a government may fail to pay back its debt, they may demand a high interest rate pensation for may demand a high interest rate pensation for the risk of default. A dramatic rise in the interest rate the risk of default. A dramatic rise in the interest rate faced by a government due to fear that it will fail to faced by a government due to fear that it will fail to honor its debt is sometimes called honor its debt is sometimes called a sovereign debt a sovereign debt crisis crisis . . 1 1、、 What What ’’ s European Sovereign Debt s European Sovereign Debt Crisis ? Crisis ? (the prog