International Finance and Market Insitution Eu

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|International Financial Markets and Institutions |

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Introduction

The financial crisis that hit the global economy is still ongoing and has been the largest economy crisis in the post-world war period. Its implications have been so much that understanding of this crisis is a must (Minescu 2011).

Having to start as a liquidity crisis, it has generated a number of recessions in many countries, and it has had implications not only on the banking system, but also on the assets and the real economy of the Eurozone.

European Union (EU):

Liberalism is one of the political options in contemporary Europe and enlarging European Union (EU). EU can be seen as more than just an international organization (Permur 2008). It is a unique economic and political partnership between 27 European countries that together cover much of the continent. It was created in the aftermath of the Second World War and containing a host of institutions but more than a state in the making.

EU consists of a total of 27 countries in which out of the 27 countries, only 17 countries are involved with the Euros currency. The involvement of the Euros currency is making the economic intercourse easier...