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European debt crisis one after another Cheap Redskins Hoodie , it had to allow people to reflect on what is the reason for the earth thorn in Europe, followed the debt crisis, in fact, look at the past ten years as long as some European countries the economic transformation, will be able to find the root cause of their debt crisis.

Start with Iceland, population 32 million, however Customized Redskins Jerseys , Iceland's per capita GDP may be the fourth largest in the world, which is stimulated by the deformity of the financial industry made. For centuries, fishing has been the major economic pillars of Iceland in recent years, adventurous Icelanders began to start, "Jin Yuandi country" big dream, they take the rough times in the past in the ocean of passion, throwing themselves into the financial industry in the speculative frenzy with desire and the means of almost grabbed a lot of borrowing from abroad Cheap Redskins Jerseys , the bank's rapid expansion of the scale, so that the national economy, other industries face a blush color. It is alone in-depth financial industry led to the rapid development of Iceland in trouble was more than 138.3 billion U.S. dollars foreign debt, the bank's overseas savers far exceeds the population of Iceland.

Look at Greece, 6 years ago, following a hundred years after the Olympic torch re-lit in Athens, Greece Wes Martin Redskins Jersey , and large sums of money to spend 9 billion euros of debt may become a serious incentive for the Government of Greece one. Greece had joined the euro by deception, collusion with the investment bank Goldman Sachs on one, engage in a false financial statements. Eurozone provisions of Member States shall not exceed 3% of the budget deficit, debt ratio shall not exceed 60%. Goldman Sachs was come up with a "swap deal", although the nature of the debt but the debt will not appear on the table at the time, eventually most of the book on a standard consistent with the euro area. But the Greek national treasury, but it is an objective reality Bryce Love Redskins Jersey , only large-scale borrowing, as of the end of 2009, the Greek debt to GDP ratio value of 124.9%, ranking first in the EU member states; deficit-GDP ratio value of 13.6%, ranking second in EU member states.

As for Ireland, in the past 15 years, Ireland has attracted worldwide attention created rapid economic development of the "Celtic Tiger" miracle Terry McLaurin Redskins Jersey , the "secret weapon" is unique in the financial services industry. Ireland was originally a largely rural country, three-quarters of the national grassland and pasture land, known as "Europe's rural areas." May be "facing LOESS back into the air," the labor too hard, so as to give Icelanders as marine fishing, from the late eighties of last century, the Irish fell in love with physical strength does not cost the financial services sector. Government of Ireland in Dublin in 1987 established the International Financial Services Centre. More than 450 international organizations in this financial services Montez Sweat Redskins Jersey , under an international financial center has more than 700 separate entity related businesses. Top 50 global banks here with more than half of institutions. Ireland's financial industry irrational exuberance closely tied to his chariot in the international financiers. June 2009, the International Monetary Fund predicted that the year 2010, Irish bank losses could total 350 billion euros, accounting for about 20% of GDP. Bank of Ireland, five local current capital shortfall is estimated at up to 320 million euros. Ireland, the tide eventually led to the crazy financial disaster. Luxembourg as the EU's second only to rich countries, Ireland reached the last 15 years Dwayne Haskins Redskins Jersey , the bustling economic growth in the global financial crisis, become obsolete.

Through the three European countries, economic analysis, we can see that, despite the debt crisis of the performance of their different, but the root cause is one of the real economy is weak, the deficit caused by debt Da'Ron Payne Redskins Jersey , total liabilities and the ratio of GDP disturbance of the national debt beyond repayment capacity.