PIIGS أثر أزمة الديون السيادية على معدلات نمو العمالة في دول

Abstract

The study investigates the sovereign debt crisis's impact on employment growth in Eurozone countries (PIIGS) from 1995 to 2020. It identifies the factors leading to the crisis, diagnoses its nature, determines its causes, and estimates its extent. The study uses two complementary approaches: descriptive analytical and induction. The descriptive analysis method uses descriptive analysis, supplemented by graphical and mathematical analysis, while the inductive method uses economic and econometric models to quantify government debt impact. The study finds that austerity measures were adopted by the weakest PIIGS countries to mitigate the risk of xacerbating the crisis. This led to a decline in macroeconomic indicators and employment growth, reflecting the damage caused by the crisis. Greece is the most severely affected country, followed by Italy, Portugal, Spain, and Ireland. Government reforms have helped maintain employment growth. The research results show a cause-and-effect relationship in the short and long term, with government debt indicators negatively impacting employment growth rates in the sample countries .