EU Crisis and its consequences Essay Example | Topics and Well Written Essays - 4250 words

EU Crisis and its consequences - Essay Example The paper tells that the European crisis is an ongoing financial crisis that has led to involvement of third parties to help in the situation. The crisis began in 2009 with increased fears from investors attributed to by the rising government debt levels around the world. This was followed by an era of downgrading of government debt in a couple of European states. The issue became worse in 2010 leading to actions of rescue. Meetings have been held by the leaders in the project to come up with possible solutions. In projects, leadership should play a key role and this is the case with the European Union however other factors let it down. According to Olsson, there are different things that the leaders have been agreeing on for instance creation of a common fiscal union and balanced budget management in each state. In an issue like this one, it becomes necessary to look at the causes of the same before going deep to get solutions and recommendations. Although the European currency has remained stable despite the shock, sovereign debt has raised substantially in a few eurozone countries. In the crisis countries that are most affected are Greece, Ireland, and Portugal, which collectively contribute 6 percent of the eurozone’s gross domestic product. Members pinpointed to contribute to the evolution of the crisis are Greece, Ireland, and Portugal. From the three states, the crisis is noted to have spread to Italy, Spain, Belgium, France, and the United Kingdom. ... In projects, leadership should play a key role and this is the case with the European Union however other factors let it down. According to Olsson (2009), there are different things that the leaders have been agreeing on for instance creation of a common fiscal union and balanced budget management in each state. In an issue like this one, it becomes necessary to look at the causes of the same before going deep to get solutions and recommendations. Although the European currency has remained stable despite the shock, sovereign debt has raised substantially in a few eurozone countries. In the crisis countries that are most affected are Greece, Ireland, and Portugal, which collectively contribute 6 percent of the eurozone’s gross domestic product (Olsson, 2009, p.23-26). Analysis of the European Crisis Complex factors have resulted to the European sovereign debt crisis including globalization of finance; easy credit conditions between 2002 and 2008 that encouraged much borrowing; trade imbalances in the international markets; slow economic growth after 2008; fiscal policy challenges particularly high entitlement spending; and approaches used by nations to bailout banking industries challenged (Chrisdoulaki, 2010).The dawn of the crisis was in 2000 to 2007 where the global pool of fixed income securities increased. This increased savings in individual states as developing countries entered global capital markets. Different countries in the European were affected by these swings in the global economy that had begun in United States of America. Some borrowed and invested in different ways for instance Ireland, one of the leading contributors of the crisis, lent the money to property developers through its

W 3 Legal Topic Essay Example | Topics and Well Written Essays - 500 words - 1

W 3 Legal Topic - Essay Example use managed care organizations have over the years served as a consortium of organizations that use various managed care techniques to bring both affordable care and quality care to care users (Svorny, 2011). Whiles playing their role, there ethical and legal responsibilities that managed care organizations become bounded to. From the article of Leslie (1994), it would be noted that the application of ethical and legal principles go hand in hand. When arguing for whether or not managed care organization must be shielded from liability when utilization review results in an adverse event, it is important to consider both sides of the argument, namely ethical and legal. From an ethical perspective, one would notice that once managed care organizations agree to be responsible for the health care of patients, they set delimitations that have to with the fact that they do not become the direct care givers. Rather, the managed care organizations employ the services of health care service providers to give care. Meanwhile, adverse event can be noted to be a health risks that occurs at the point of reception of care. According to the National Health Directorate, adverse event is considered an ethical issue that occurs at the time of receiving care from a professional (Kesselheim and Brennan, 2013). What this means is that when utilization review results in an adverse event, it is the professional health care provider that is to blame rather than the facilitator of the care. From this perspective, it can be argued that indeed managed care organization need to be shielded from ethical based liabilities that has to do with adverse event. From a legal perspective also, it is always important to ask the question of what the regulations state (Leslie, 1994). Leslie (1994) actually noted that the contractual provisions of managed care organizations set an indemnity clause that attempts to establish their lack of liability. The basis for this legal provision is that in most of