Ekonomi ve Yönetim Araştırmaları Dergisi

Yazarlar: Cüneyt KILIÇ, Yılmaz BAYAR

Konular:-

Anahtar Kelimeler:Eurozone,Debt crisis,Turkish economy

Özet: Bursting of speculative bubble which occurred in US housing market between 1997–2006 firstly caused sub-prime crisis in US at the end of 2007 and then led to global financial crisis in the last quarter of 2008 by spreading all over the global financial markets. Fiscal stimulus packages, nationalization of banks and private debt to counter global financial crisis and decreases in tax revenues led to debt crisis by increasing sovereign debt in some Eurozone countries which already had current account deficits because of savings gap and non-competitive economic structures. The debt crisis firstly emerged in Greece in 2009 and then became a Eurozone debt crisis by spreading to Ireland, Spain, Portugal and Italy in 2 years. If the necessary measures are not taken to crisis in question, it is possible that the adverse effects of Eurozone debt crisis will increase and lead negative results on Turkish economy which has a deep trade relationship with the EU

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