Guard Against The Global Financial Crisis Has Gradually Closer To The Social Crisis - The Financial
The global financial crisis has gradually closer to the social crisis
The rise of street protests and strikes
Last December, Greece, a police patrol in the slums abuse of power, to a group of "problem youth" shot, in which a 15-year-old boy killed. The event raised tens of thousands of Greek students took to the streets. "Young Death" of course is the direct cause of riots in Greece, but the financial crisis is leading to unrest in the deep economic reasons. Over the past 10 years, despite the slow economic development in the European Union, Greece has maintained an average annual economic growth rate of 4%. However, to combat the global financial crisis, the survival of Greece to face serious difficulties in the maritime industry, the national unemployment rate as high as 7%, the population increased level of poverty. After large-scale social unrest Greece, Bulgaria, Latvia, Lithuania, France, Britain and so has a strike and anti-government riots. New Year, millions of people in France broke out in demonstrations and strikes led to riots. In the UK, refinery strike lead to other workers to join the energy sector, threats to energy supplies. Interwoven social crisis and political crisis
Iceland is one of Northern Europe's richest countries, has been named "the world's most livable" country. October 2008, when he was Prime Minister Haarde of Iceland in a nationally televised speech, declared a state is facing "bankruptcy" crisis. Has always been pampered, Youzaiyouzai the Icelanders can not accept the brink of "bankruptcy" of reality, can not tolerate low standards of life to return. Angry young people to protest in front of Icelandic financial institutions, the central bank's inability to protest against the increasing scale of population, from several hundred up to tens of thousands to participate from time to time, accounting for 10% of the total population of Reykjavik. January 26, Prime Minister Haarde announced that the coalition government was forced to resign. The Icelandic Government became the first financial crisis since the fall of a government.
Financial crisis hit, "BRIC" one of the Russian, speed up the withdrawal of foreign capital, the ruble devaluation, rising unemployment in the past two months, Russia has 10 million people out of work, more and more people take to the streets. January 31, the Russian capital Moscow and the Far East city of Vladivostok, the outbreak of large-scale demonstrations, thousands of people participate in the march. Protection of the public in protest against unemployment, but also on Putin 8 years of domestic policy, especially economic policy was questioned. Russia's domestic media, including the site of the current leaders of the criticism abound, Prime Minister Vladimir Putin's public support rate greatly reduced. Financial crisis and social crisis associated with
Lead to a financial crisis into a social crisis, the most direct factor, usually corporate bankruptcies, layoffs caused by unemployment. According to ILO estimates, by the financial crisis, the world's population will add 2,000 people unemployed, if the situation continues to deteriorate, then, by the end of 2009 could reach 210 million people. Such a large population of unemployed social crisis is undoubtedly the main light.
At the same time, Europe and the United States into a financial crisis the worst since the war and moral crisis of confidence. People on the existing capitalism and the legitimacy of the international financial system have serious doubts. Economic recession, the United States and Europe spread of extremist thought, popular grievances increased, ethnic antagonism and conflict intensified, vulnerable groups have no future threat to social security and stability increase. Opposition parties took the opportunity to incite the people to the streets, to the ruling party launched an attack to expand its influence. Some countries will lead to a change of government due to political crisis, which further aggravated the social crisis. The real crisis may be yet to come
Present, the international financial crisis has not yet bottomed out. Recently, banks in Europe and America have announced the 2008 performance report, the United States and the United States of American, British and German commercial bank Barclays Dengjun huge losses that the international financial crisis continues to expand and deepen. As the financial crisis on the real economy and reap the full impact of household consumption, the global economy into a full recession.
To save and revive its economy, the world's governments are implementing expansionary fiscal policy, the financial industry is investing heavily, and put a huge economic stimulus plan. Developed countries, government debt continues to rise, Europe and the United States long-term debt interest rates from the current 5% to 7%. So they planted a new outbreak of the debt crisis of the seed. Once the debt bubble will have tremendous damage national economies, while the corporate debt burden has adverse long-term economic recovery.
Despite the current social unrest in emerging countries mainly in Europe, but in fact affected by the financial crisis in developing countries is far greater than the developed countries. Weak foundation of social development in developing countries, the social security system is not perfect, serious poverty. In the financial crisis and economic recession, rising trade protectionism in Western actively seek responsibility and risk transfer pressure. In addition to developing economic and financial burden faced by the Western transfer, it also faces credit crunch, decline in foreign direct investment, official development assistance, resources and product prices and other difficulties. Last year in December, the Central American Bank for Economic Integration research report published by the financial crisis, Central American exports and remittances Liangjun slump. The report predicts weak job market in Central America will continue to shrink, the problem of unemployment and informal employment, the poor population surge, the growing phenomenon of extreme poverty, to increase the number of illegal immigrants in North America, continued deterioration of social order.
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