European Financial Crisis

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The following are typical elements that exist in a custom research paper regarding the European Financial Crisis:

• Research papers on the European financial crisis would begin with an examination of the world economic crisis, a disaster spawned by unrestrained lending across the globe and the undeniable origin of economic crisis in Europe.
• Research papers on the European financial crisis would consider prominent examples of the crisis including the economic emergency in Greece that has resulted from the country's inability to stay ahead of its debt.
• Research papers on the European financial crisis would conclude with what the experts have to say concerning the outlook for economic recovery in Europe as well as for the recovery of the global economy as a whole.

With more than a dozen new democracies throughout Eastern and Central Europe lining up to become members of the EU, it has become more challenging to create a plan for the future. France, Germany and Britain continue to bicker about how the various decision-making processes and national institutions should be adapted to include as many as 30 countries over the next decade. It is a daunting task.

In particular, the clashing visions between Paris and Berlin have created tension over how to best reform the EU before participating in continued expansion.

This clash is complicated by the question of majority voting rights. Germany has claimed additional weight to its vote because it is the biggest member state, with 80 million citizens. France has rejected this claim, since France has only 60 million citizens and would receive less voting power.

On the other hand, the Germans are angry that the French have refused to accept deep cuts in European farm subsidies that end up costing European taxpayers as much as $50 billion a year. The Germans charge that France has only refused the cuts because much of the farm profit goes to France.

Even when the countries agree in principle, they often experience conflict over specifics. The French are unhappy with the federalist vision for the EU which was recently articulated by Joschka Fischer, the German foreign minister. Fischer called for a more powerful European parliament with a centralized government. This move would significantly diminish the powers of national institutions -- an inevitability that breeds fear and alarm among many people in all the member states.Even five years ago, every major poll in Britain showed that the vast majority of the public supported a referendum on Europe. A primary resentment underlying this public opinion was the fact that the people felt they had not been consulted on the matter. It had been twenty years since the last time they were given a chance to vote on Britain's future in relation to the European Community.

Among politicians, almost nothing so divide them as the question of Britain's proper place in the European Union. The discussion always gets political temperatures rising.

Some argue that the EU is a threat to the independence of Britain. There is dismay over the dominance of France and Germany within the EU. Many British citizens fear that the German economy and German central bank will ultimately dictate economics. And there is a vocal concern over the European agricultural policy (CAP), which many Brits consider wasteful. In the EU, these practices will affect British food bills.

Those in Britain who are opposed to the EU insist that, overall, participation costs too much and provides too little. They propose that Britain either pull out of the union or pull back from involvement in it.

Their opponents in Britain argue that partial membership or limited cooperation is not feasible. They insist that it is impossible to take advantage of the benefits of membership in the EU without playing a full role. In fact, to ensure fair competition among all the countries in the EU, Britain must make sure it has a strong voice in maintaining equal rules for every country. This necessarily entails investing the EU with some power to make decisions.

Among the public opinion in favor of the EU, there is an abiding urge to join France and Germany in the push for increasing cooperation among European Union countries. The benefits of opening British borders and sharing a single European currency are touted. A common defense system, as well as mutual foreign policies, are considered to be inevitable and beneficial outcomes of the union.