| Issue |
E3S Web Conf.
Volume 275, 2021
2021 International Conference on Economic Innovation and Low-carbon Development (EILCD 2021)
|
|
|---|---|---|
| Article Number | 03025 | |
| Number of page(s) | 5 | |
| Section | Environmental Protection and Governance Innovation Technology Research | |
| DOI | https://doi.org/10.1051/e3sconf/202127503025 | |
| Published online | 21 June 2021 | |
Market failure and government failure in European debt crisis
School of Economics, Wuhan University of Technology, Wuhan, China
* Corresponding author: zhourui@whut.edu.cn
This paper takes the “five European pig countries” in the European debt crisis as an example to analyze the event from the perspective of market failure and government failure. The main conclusions are as follows: the European debt crisis is the common product of market failure and government failure. Both sides should make great efforts to solve this problem. There is a long-term process to solve the European debt problem. Only by developing competitive industries and regaining international competitiveness is the effective way for euro zone countries to get rid of the predicament fundamentally.
© The Authors, published by EDP Sciences, 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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