歐洲主權債務危機對歐元區經濟之影響

The Effects of European Sovereign Debt Crisis on the Euro-zone Economy

本文主題為探討歐洲主權債務危機對歐元區經濟之影響，以供政府制定經貿政策之參考。歐洲主權債務危機之原因為金融海嘯後，若干歐洲國家政府稅收減少，但為振興經濟而大幅增加政府支出，使得政府預算赤字及債務問題惡化。本文實證研究結果顯示，受到歐洲主權債務危機影響，歐元區各國經濟景氣明顯衰退，經濟成長率下降，失業率上升。若歐元區各國政府債務占GDP比率上升，則歐元區各國經濟成長率將會下降。

This paper explores the effects of European sovereign debt crisis on the euro-zone economy. European sovereign debt crisis in the financial tsunami， the European governments to reduce taxes to stimulate the economy， a substantial increase in government expenditure， government deficit and debt problems worse. The empirical results show that， by the European sovereign debt crisis， the euro-zone economy is clearly in recession， a decline in economic growth rates and rising unemployment. If the euro-zone government debt to gross domestic product has risen， the euro-zone economic growth rate will decline.