What issues is the political cartoon about?
Table of Contents
political cartoon, a drawing (often including caricature) made for the purpose of conveying editorial commentary on politics, politicians, and current events. Such cartoons play a role in the political discourse of a society that provides for freedom of speech and of the press.
What caused the euro crisis?
The eurozone crisis was caused by a balance-of-payments crisis, which is a sudden stop of foreign capital into countries that had substantial deficits and were dependent on foreign lending. The crisis was worsened by the inability of states to resort to devaluation (reductions in the value of the national currency).
Why did euro fall 2008?
Trillions of euros were lost. Banks were collapsing because their system was built on garbage assets. Millions of people lost their house, their savings or their job. Several European countries were unable to pay or refinance their government debt or bail out their banks.
What are some of the best cartoons about Europe?
Europe has always inspired cartoonists, and we have collections about the euro crisis (Greece has its own collection ), the question of European unity, the refugee crisis and most recently, Brexit. Here, we have selected 10 of our favorite cartoons inspired by Europe. 1. Raising the Flag
What is the Eurozone crisis really about?
If you only pay attention to the media, the Eurozone crisis is about the economy. Based on the boundaries of the current conversation, the crisis is about over-leveraged countries and individuals accumulating excessive debt.
How did the common Euro lead to the financial crisis?
The common Euro further reduced barriers to trade within the free economic area by encouraging more symbiotic trade within the EU. Leading up to the crisis, this led to wealth creation for the capital- based nations, and speculative bubbles and overspending in the Southern nations.
Is there a human element to the financial crisis?
There is a human element to the crisis that is too often overlooked, but is potentially more important than the financial elements.xivThe impact of the financial crisis on the people of the European Union can be seen everywhere.