European and American debt crises - Interesting Facts 0 The euro is the common currency for 17 European Union member states. Also, the currency has largely outstanding 6 countries that are not members of the EU. The European Union - a powerful international organization with its own flag and a diplomatic mission. The European Union - a political union of 27 European countries, with the aim of creating a single market for goods and services without economic barriers. 10 members of the European Union does not use the euro as the main currency. Eurozone - is a fiscal union uniting 17 EU countries that have adopted the euro as their currency. The United States has 2.7 trillion dollars in the monetary base. This amount can only pay a small part of the external debt of the United States, equal to $ 15 trillion. If a person will spend $ 1 a second, 12 days nabezhit amount of $ 1 million. At this rate, $ 1 billion can be spent only for 32 years. To spend one trillion dollars will need 31,000 years. In 1971, the U.S. national debt was $ 75 million. In 2010, the debt increased to such amount every hour. In 2008, U.S. households have lost about 18% of their own cost, and the losses were equal to about 11, $ 2 trillion. This drop was the biggest in the period after World War II, when the Federal Reserve began tracking statistics on households. 5 years prior to 2008, "collapsed" 11 banks. In 2008, 25 banks went bankrupt and its assets were transferred to the Federal Deposit Insurance Corporation (FDIC). In 2009, 140 banks snapped. Today the national debt is 15.2 trillion dollars. For every person on the U.S. accounts for 48 380 dollars of debt, or 127,431 dollars for every household. August 3, 2011 the national debt has increased by 238 billion - and it was the highest increase in the national debt in a single day in U.S. history. The previous record rate debt amounted to 186 billion, and it happened June 30, 2009. The U.S. government is about $ 5 billion per working day. A trillion $ 10 bills, elongated vodnuliniyu opoyashut globe 380 times, and it still is not enough. In order to pay the national debt. In Spain, there is the highest in the European Union, the unemployment rate among young people. He is almost half of the working population. Srednmy berabotitsy level in the European Union is very high 20%. The European Commission says that the youth was not only a severe blow of the crisis, but the consequences of his threatened that such problems will become permanent. In the context of the eurozone crisis is increasingly heard concerns that the financial problems of one country will cause serious financial crisis in another country, which will have a devastating impact on its economy. The International Monetary Fund says that China will overtake the United States on key economic indicators in 2016. The first time since the postwar period, counting from 1947, the debt of the United States was 100% of the gross national product of the country, after the debt ceiling was raised in August 2011. In 2011, the U.S. reluctant "to come" in the group of countries, the national debt in excess of the gross national product. In that group, except the United States: Japan (229%), Greece (152%), Jamaica (137%), Lebanon (134%), Italy (120%), Ireland (114%) and Iceland (103%). China, the largest foreign holder of U.S. debt, severely criticized the behavior of the U.S. in August 2011, advising that country to begin "is being treated according to the debt" and "start living within our means."The Chinese press has sounded that issuance of the U.S. dollar should be brought under international control, and there was doubt that the U.S. dollar can remain the world's reserve currency.