Caught Up in the Eurozone Crisis？ The Case of Australia and China  

作　　者：Mona Chung Bruno Mascitelli 

机构地区：[1]Deakin University, Melbourne, Australia [2]Swinbume University of Technology, Melbourne, Australia

出　　处：《Journal of Modern Accounting and Auditing》2013年第3期416-426,共11页现代会计与审计（英文版）

摘　　要：As the Eurozone celebrated its decade of existence in 2011, few could have predicted that the ever-deepening financial crisis would emerge. The fear with the Eurozone crisis is that with major bail outs projected and government austerity expects to affect the economy in negative terms, the economies in the Portugal, Italy, Ireland, Greece, and Spain （PIIGS） states will decline and consumption will decrease. Being the largest trading partner of European Union （EU）, China＇s export is therefore anticipated to decline. In lesser ways, the Australian economy was also expected to feel some economic pain. The aim of this paper is to ascertain what level of economic impact the Eurozone crisis would have on both China and Australia, given that few nations in the world can aspire to remain unaffected.

关 键 词：EURO Eurozone crisis European Union （EU） AUSTRALIA China sovereign debt EXPORTS trade and investments 

分 类 号：F833.05[经济管理—金融学] F127