Economic and Financial Affairs Council
Agenda: Eurozone Crisis
A multi year debt crisis has been taking place within many European Countries who had once been very powerful both economically and politically and now are unable to repay or refinance their government debt or to bail out over-indebted banks under their national supervision without the assistance of third parties like the EFSF, the ECB, or the IMF. Starting from Greece many are at the verge to face a situation of bankruptcy soon. The house will discuss possible solutions towards the crisis.