Recent European Foreign Debt Crisis Essay Example | Topics and Well Written Essays - 1000 words

Recent European Foreign Debt Crisis - Essay Example This saw down turn in small areas of financial systems, which ruined the structure entirely. There are a lot of factors that contributed to the recent European financial meltdown. According to some political economists, the European financial meltdown was bound to happen due to the trade policies adopted by the European Union (Jackson 1). In this regard, they argue that European Union is not proactive enough and act after the facts. This means that they provide response only after the situation has already occurred. The question that many people among them economist are asking is, why should the European countries care about the foreign debt crisis? This paper will explore the causes of the recent European sovereign debt crisis, what happened and why it is indispensable for the European countries to care about it. The foreign debt crisis in Europe occurred as a result of a number of factors. This include finance globalization, 2002-2008 easy credit condition which buoyant high-risk b orrowing and lending practices. Others include imbalance in international trade, bubbles of real estates, which have burst since then, slow growth in economy witnessed in 2008 and there after, government expense and revenue fiscal policy choices and bail out methods by nations for troubled banks and bondholders. Other notable causes include assuming private burdens of debts or socializing losses (Duthel 1). The crisis has had a lot of negative impacts to many countries in Europe. Jackson argues that initially, the crisis was viewed by European Union (EU) as a phenomenon of America. However, its devastating effects changed soon after the European countries saw its impact on the country. For instance, the crises led to a sharp decline in economic activities of European countries over a remarkably short time (Duthel 5). The worst being, it led to a sharp decline in global trade, eroding European prospects of trade. This in turn, provided safety regulator for local industries that are r educing their output. It is a mater of fact that many countries depend on trade for economic growth. This is one of the reasons as to why European countries should take stringent measures aimed at preventing such a recurrence in financial crisis. Economists still see sovereign debt crisis as something that is continuing in the European countries (Duthel 22). This has impact negatively on the countries affected since it makes it hard for some of the countries to be able to pay off their government debts without seeking third party assistance. This interferes with the smooth running of these countries and thus needs prevention and control measures to abate it. For instance, in 2009, there was growing fear of sovereign debt crisis among investors. This was because government debt levels were rising at an alarming rate across the globe coupled with government debt downgrading witnessed in some European countries (Jackson 4). The concerns grew from early 2010, calling on the finance mini ster of Europe to approve a package that could help rescue the nations. This culminated to approval of â‚ ¬750 billion for financial stability in Europe and establishing a European Financial Stability Facility (EFSF). The concerns also lead to leaders from euro zone signing an agreement in October 2011 and February 2012 aimed at designing measures to help mitigate collapse of European member economies. The agreement signed includes measures requiring banks to make up to 53.5 percent write-off of debts in Greece owed

Special education student placement Essay Example | Topics and Well Written Essays - 500 words

Special education student placement - Essay Example the students with disabilities attend the same schools as their grade peers in that the education programs seek to serve all the students as a single unit regardless of the needs of individual students. Inclusion classrooms have no major difference with the conventional general classroom with the only notable difference being in the individualized support given to students that require special needs. Inclusion provides a chance to students with disabilities to interact with their non-disabled peers. There are several advantages for adopting this placement over others: This is the exact opposite of the inclusion class, whereby students with disabilities are provided with individualized education programs. This is done in separate classes from other students and, therefore, allows their teachers to work and monitor these students closely (Katz and Mirenda 2002). This is a classroom where students with special needs spend a part of their class time receiving more individualized attention and help away from their general classrooms. In this placement, it is assumed that the students receive primary instructions from the general class while they receive their supplementary instructions from the resource room Katz and Mirenda 2002). Patterns of learning and development- This refers to the student’s academic ability level and needs. Teachers and parents alike should formulate a way in which the student best receives academic information. Cultural and linguistic factors- it is important to avoid stressing students with disabilities may suffer more if placed amongst other people of contradicting culture and language as theirs. It is, therefore, important to consider having their placement in an area or school that has a familiar culture to theirs (Gartner and Lipsky 1987). In order to achieve successful integration of students into the placement programs discussed above, parents and teachers should collaborate to make proper decisions. Factors such as their cultural