Data and Financial Journalist
Greece has been struggling hard to meet the requirements needed to be a member in the Eurozone. Moreover, following the 2008 financial crisis in the US, Greece’s economy got smaller by 25% since 2009. Germany, France, Italy and Spain are the most important economies accounting for most of the Union’s GDP.
By devaluing its own currency, China has tried to address its issues due to financial distress. Not many have taken this surprise move by China in good spirits. While China might be trying to fix its own domestic growth, it could trigger currency wars amongst nations that are trying to compete with each other in international trade.
Eurozone Debt Crisis and Regulation of Credit Rating Agencies (World Scientific). The credit rating agencies (CRAs) have received a great deal of media, political, and regulatory attention since the early summer of 2007. With 2008 financial crisis, there was a common argument that CRAs had not been held accountable for the poor performance that…
The changing relations of China and Russia are also not based purely through partnerships but also through their support in each another’s projects. Russia has been supporting China’s ambitious infrastructural projects like the Silk Road project and the Eurasian integration project, which connects China with Europe via Russia.