Complete 30 page APA formatted essay: The Euro Crisis in Portugal ( European Union).

The crisis continued to spread and by the end of the year 2011, two other countries Italy and Spain were affected. By the end of October in the same year, these countries were compelled to pay absolute risk premia on the order of 500 basis points. As a result of this, the public finance structures of both the countries became vulnerable as their sustainability became subjected to risk. During the first half of the year 2012, many bonds reached their maturity date in both Italy and Spain. During this phase, there were both positive and negative possibilities – either the debt crisis could be managed in an efficient manner or further severe repercussions on the global economic structure. In the entire course of the European debt crisis, every effort was taken by the policy makers so that they could provide relief to the money market. However, most of the times it was realized that any strategies that were adopted were either too insufficient or were too late. In the year 2010, there were many deliberations over the benefits or detriments of monetary assistance or intervention from International Monetary Fund (IMF). As a result of this no fixed solution could be found for the euro debt crisis. In July of 2011, a decision was taken to enhance assistance to the Greek sovereign with permission of involvement from the private to some extent. However, this decision was rejected by another decision made in the late October of the same year. This latter decision “required much deeper (50 percent) haircuts for private creditors, supplemented by an announced policy intended to build a firewall through major leveraging of the European Financial Stability Facility (EFSF)” (Cline & Wolff, 2012, p.v). Subsequently, in the beginning of December the famous summit took place which provided all the member countries of the European Union (EU), except the United Kingdom for its reluctance to participate in the

Write a 2 page essay on Activity-Based Cost Reduction Information in Governance.

The board members are responsible for setting the organization’s goals and strategies to achieve them within the given period (Carver, 2011). This requires board members to have full information concerning products and services they intend to produce. The board members are responsible for budgeting for the resources the organization will require in the production of specific commodities. The information about resources required for the production process is essential because the board is aware of exactly what to produce in terms of quality and number of units of each product they will produce (Firstenberg and Schoff, 2009). The information also relates to the time in which the board members expect to raise the required resources and when they will complete the production process. The board will be able to determine the area of the shortage of resources for the completion of the production task for each activity or service and will decide whether to reduce the number of units to be produced for each commodity or whether to add more resources in order to produce the targeted quantity (Carver, 2011). Since charitable organizations aimed at meeting specific needs of the society, activity-based costing will help the board members to establish a base for mobilizing more resources from financiers of the organization to provide essential goods and services in the society. The work of auditors is to obtain proof of the efficiency in which organization has utilized its resources. The auditors use activity-based costing information set by the organization’s board to make a comparison of what the board has actually produced in relation to what the board had planned to produce (Carver, 2011). The auditors will attest the value of each product or service in relation to the expenditure set by the board.&nbsp.