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3 2011 8 8 2009 10 17 GDP 60% 3% 2011 12 9 2012 1 30 25 3 2 1 1 European Commission Fiscal Compact Signed Strengthened Fiscal Discipline and Convergence in the Euro Area Press Release Doc. 128454 Brussels 2 March 2012.
4 2012 3 2010 5 IMF 7500 1 2010 735 2011 2110 2 1 2010 5 2012 3 http / /www. ecb. int /mopo /implement / omo / html / communication. en. html 1 ECB ECB Decides on Measures to Address Severe Tensions in Financial Markets Press Release 10 May 2010. 2 European Central Bank Summary of ad hoc Communication Related to Monetary Policy Implementation Issued by the ECB since 1 January 2007 http / /www. ecb. int /mopo /implement /omo /html /communication. en. html last accessed on 25 March 2012.
5 2011 2 1 2% 1% 2 3 4 2011 12 5 2008 2009 65 6 31 7 50 8 1 2011 11 3 1. 5% 1. 25% 12 8 1% 2 2011 12 8 3 4 2011 9 15 3 3 11 30 2013 2 1 3 5 2011 12 8 6 2008 11 4 65 http / /ec. europa. eu /economy_finance / publications / publication13495_en. pdf 7 2009 1 20 31 http / /ec. europa. eu /economy _finance / publications / publication13874_en. pdf 8 2009 6 23 50 http / /ec. europa. eu /economy _finance / publications / publication15409_en. pdf
6 2012 3 2008 2010 5 IMF 1100 7500 2011 7 21 1 EFSF 2500 4400 2 EFSF 2010 10 EFSF 17 EFSF EFSF 10 26 EFSF 3 2012 EFSF 1 Council of the European Union Statement by the Heads of the State or Government of the Euro Area and EU Institutions Brussels 21 July 2011. 2 EFSF 4400 3A 2500 3 Euro Group Summit Euro Summit Statement Brussels 26 October 2011.
7 2010 5 1 1. 40 1 1. 19 2 http / /finance. sina. com. cn /money /forex /hq /EURUSD. shtml 7500 4400 EFSF 2011 9 7 EFSF EFSF 1 EFSF 2011 10 4 2 10 23 1 EurActiv Merkel Calls for Treaty Change after Positive Court Ruling 8 September 2011 http / /www. euractiv. com.
8 2012 3 10 26 10 26 10 27 1 2012 2012 2012 2012 1 2. 0 EFSF ESM 2012 7 ESM 5000 1 EurActiv Merkel Wins Euro Rescue Fund Vote http / /www. euractiv. com /euro - finance /merkel - wins - euro - rescue - fund - vote - news - 508591.
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10 2012 3 12 8 2011 12 21 3 523 4890 3 2012 2 28 5300 2 11000 Six - Pact 5 1 2011 12 13 1 1 European Commission EU Economic Governance Six - Pack Enters into Force Press Release MEMO /11 /898 Brussels 12 December 2011.
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13 25 1100 IMF 2011 7 21 1300 3000
14 2012 3 2011 7 2012 2 2 21 53. 5% 74% 1000 1320 1 2012 3 9 85. 8% 1000 2 1300 3 14 394 3 20 3 3 15 280 180 4 2012 5 1 EurActiv Greece ups Pressure in Trillion - euro Gamble 7 March 2012 http / /www. euractiv. com /euro - finance /greece - ups - pressure - euro - gamble - news - 511333. 2 EurActiv Greece Secures Debt Swap and Escapes Default 9 March 2012 http / /www. euractiv. com /euro - finance /greece - secures - debt - swap - escapes - default - news - 511415. 3 Http / /www. consilium. europa. eu /uedocs /cms_data /docs /pressdata /en /ecofin /128941. pdf. 4 IMF IMF Executive Board Approves 28 Billion Arrangement Under Extended Fund Facility for Greece Press Release No. 12 /85 March 15 2012.
15 2012 5 2011 10 6 B 6 17 6 2%
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Chinese Journal of European Studies Vol. 30 No. 3 June 2012 ARTICLES 1 European Sovereign Debt Crisis Governance Dilemma and Countermeasures CHEN Xin The European sovereign debt crisis exposes the unsustainability of the public finance in the debt - ridden euro countries and the deficiencies of the governance structure of the euro zone. Constrained by diversified interests the complicated political system and the legal framework it is difficult for the EU to react to the crisis rapidly and effectively which decides that it must take a long time for the countermeasures to take effect. For the EU countries to get rid of the debt crisis in the short term a firewall must be built up to prevent the widespread contagion of the crisis while in the medium term the governance structure of the euro zone must be improved and fiscal coordination and supervision consolidated. But to finally resolve the crisis depends on enhancing competitiveness promoting economic growth and leading public finance into a sound cycle of development. 17 An Analysis of the European Semester ZHOU Maorong YANG Jimei The European Semester an important step taken by the EU in response to the sovereign debt crisis aimed at enforcing and extending its policy coordination and at improving the economic governance. After analyzing the background major contents and innovative measures of the European Semester and its primary effects and influences on the European integration this paper concludes that although deficiencies still exist as to the policy effectiveness and legitimacy of this mechanism it represents obvious progresses and breakthroughs in terms of the institutional setup and marks a substantial step forward for the fiscal coordination in the EU. 28 The Role of the EU in Global Politics Goals and Limits CHANG Ya - Chung While playing its own role in global politics the EU hopes to influence the other ac-