In the 1980s Latin American countries ran into debt crisis. Heavy debt has been the shade that cannot be waved all the time. Commercial banks＇ expansionist thrnst into Latin America made these countries go deeply int...In the 1980s Latin American countries ran into debt crisis. Heavy debt has been the shade that cannot be waved all the time. Commercial banks＇ expansionist thrnst into Latin America made these countries go deeply into the debt crisis. International Monetary Fund played an indispensable role in resolving the crisis. It might temporarily steady the financial situation of an area, but it was difficult to stem the enormous economical loopholes of these countries and couldn＇t solve the basic problems of economy, politics and society. It was unable to make the countries pass the crisis substantially.展开更多
Credit rating agency Standard & Poor's on Friday downgraded the U.S.'s rating.Fear is spreading quickly through the market.It's becoming a vicious cycle and could feed into consumers reducing their dem...Credit rating agency Standard & Poor's on Friday downgraded the U.S.'s rating.Fear is spreading quickly through the market.It's becoming a vicious cycle and could feed into consumers reducing their demand as well.Will it has a direct impact on Chinese textile and apparel exports?展开更多
Since the foundation of the Euro zone, unbalanced economic development has existed among member states, and was a major cause of the debt crisis, posing various challenges to the EU. In response, the EU has realized t...Since the foundation of the Euro zone, unbalanced economic development has existed among member states, and was a major cause of the debt crisis, posing various challenges to the EU. In response, the EU has realized the problem. Financial reforms, fiscal reforms and related system reforms are being implemented so as to establish a relatively perfect single currency zone and solve the issue of the unbalanced economic development. However, at present, due to imperfections in theory of the single currency zone and due to political, economic as well as social situations in Europe, there are challenges in the reform of the Euro zone.展开更多
The global economic turmoil from 2008 inflicted permanent damage to EU economies and its impact is still strong. To address the problems and cope with the crisis, governments were forced to conduct anti-cyclical polic...The global economic turmoil from 2008 inflicted permanent damage to EU economies and its impact is still strong. To address the problems and cope with the crisis, governments were forced to conduct anti-cyclical policies in different forms. In most countries, this resulted in a widening budget deficit and mounting government debt. Then, a raft of measures to deal with fiscal instability followed, which, however, restricted growth and had high economic and social costs. Bulgaria was among the EU Member States that turned fiscal discipline into a priority and was one of the few to manage, at least seemingly, to achieve satisfying results. The benefits that the country reaped are indisputable but the price it had to pay was too high. Many private sector companies faced insolvency, unemployment hit record highs, and important structural reforms were delayed.展开更多
The aim of this article is to outline the general parts of the legal branch called financial law. It is intended as the first part of a series of articles outlineing the topic in detail. The aim of the submitted contr...The aim of this article is to outline the general parts of the legal branch called financial law. It is intended as the first part of a series of articles outlineing the topic in detail. The aim of the submitted contribution is to demonstrate that the financial and legal aspects created the basis of economic development of the regions from the early beginnings of human society. Social relations constituting the subject-matter of the financial law had been developing, changing, and had become established before the financial law itself has been constituted. These relations seem to have been present from the very beginning of the existence of the human society. Regulatory acts associated with regulation of these relationships embodied solidarity and methodological specificities. The specificity of the subject-matter of regulation, solidarity and methodological specificities of the financial, and legal standards sufficiently define superstructure with a natural law character. The superstructure is based on constitutional system of national states after the EU integration has been completed on the EU law. As we can evaluate retrospectively, the transfer of fmanciallaw competencies in Brussels was a failiure. Since the political union was established through the Lisbon treaty in 2009 the European sovereign debt crisis emerged and ravaged the EU until today.展开更多
文摘In the 1980s Latin American countries ran into debt crisis. Heavy debt has been the shade that cannot be waved all the time. Commercial banks＇ expansionist thrnst into Latin America made these countries go deeply into the debt crisis. International Monetary Fund played an indispensable role in resolving the crisis. It might temporarily steady the financial situation of an area, but it was difficult to stem the enormous economical loopholes of these countries and couldn＇t solve the basic problems of economy, politics and society. It was unable to make the countries pass the crisis substantially.
文摘Credit rating agency Standard & Poor's on Friday downgraded the U.S.'s rating.Fear is spreading quickly through the market.It's becoming a vicious cycle and could feed into consumers reducing their demand as well.Will it has a direct impact on Chinese textile and apparel exports?
文摘Since the foundation of the Euro zone, unbalanced economic development has existed among member states, and was a major cause of the debt crisis, posing various challenges to the EU. In response, the EU has realized the problem. Financial reforms, fiscal reforms and related system reforms are being implemented so as to establish a relatively perfect single currency zone and solve the issue of the unbalanced economic development. However, at present, due to imperfections in theory of the single currency zone and due to political, economic as well as social situations in Europe, there are challenges in the reform of the Euro zone.
文摘The global economic turmoil from 2008 inflicted permanent damage to EU economies and its impact is still strong. To address the problems and cope with the crisis, governments were forced to conduct anti-cyclical policies in different forms. In most countries, this resulted in a widening budget deficit and mounting government debt. Then, a raft of measures to deal with fiscal instability followed, which, however, restricted growth and had high economic and social costs. Bulgaria was among the EU Member States that turned fiscal discipline into a priority and was one of the few to manage, at least seemingly, to achieve satisfying results. The benefits that the country reaped are indisputable but the price it had to pay was too high. Many private sector companies faced insolvency, unemployment hit record highs, and important structural reforms were delayed.
文摘The aim of this article is to outline the general parts of the legal branch called financial law. It is intended as the first part of a series of articles outlineing the topic in detail. The aim of the submitted contribution is to demonstrate that the financial and legal aspects created the basis of economic development of the regions from the early beginnings of human society. Social relations constituting the subject-matter of the financial law had been developing, changing, and had become established before the financial law itself has been constituted. These relations seem to have been present from the very beginning of the existence of the human society. Regulatory acts associated with regulation of these relationships embodied solidarity and methodological specificities. The specificity of the subject-matter of regulation, solidarity and methodological specificities of the financial, and legal standards sufficiently define superstructure with a natural law character. The superstructure is based on constitutional system of national states after the EU integration has been completed on the EU law. As we can evaluate retrospectively, the transfer of fmanciallaw competencies in Brussels was a failiure. Since the political union was established through the Lisbon treaty in 2009 the European sovereign debt crisis emerged and ravaged the EU until today.
