Graduation Year
Spring 2012
Document Type
Open Access Senior Thesis
Degree Name
Bachelor of Arts
Department
Economics-Accounting
Reader 1
George Batta
Terms of Use & License Information
Rights Information
© 2012 David M. Henningsen
Abstract
Over the past decade, the European Union has been characterized by an explosion of expenditure, insufficient revenue, high deficits and a lack of budget discipline. Financial markets in Europe are currently dealing with enormous government debts, poor government balance sheets and a weakening banking system. The purpose of this paper is to investigate the origins of the current Euro-crisis and specifically identify the extent to which it will affect the nation of Italy going forward. To understand Italy's stance amid the Euro-crisis, we proceed as follows: First, a historical background section will develop the fundamental issues that have developed in Europe over time leading to the current situation. Next, a discussion about Italian economics and politics will identify Italy's central policy issues placed in the context of the Euro-crisis. Subsequently, Italy's issues with tax evasion will be covered illustrating its history and enforcement addendums going forward. The final section of this paper will present a forward-looking prediction about the fate of Italy and the Euro-zone and will include some of the necessary steps toward avoiding an international economic collapse.
Recommended Citation
Henningsen, David M., "The Origins of the Italian Sovereign Debt Crisis" (2012). CMC Senior Theses. 379.
https://scholarship.claremont.edu/cmc_theses/379
Included in
International Business Commons, International Economics Commons, Macroeconomics Commons, Taxation Commons
