Does Legacy Status Matter for College Admissions

Legacy admission is the practice of giving preferential treatment to a college applicant because someone in his or her family attended the college. If youre wondering why the Common Application asks where your mom and dad went to college, its because legacy status matters in the college admissions process. Key Takeaways: Legacy Status At some selective colleges and universities, legacy status can significantly increase an applicants odds of being admitted.Colleges will almost never admit a truly unqualified applicant even if that person is a legacy student.Colleges give preference to legacy students because doing so can build family loyalty to the school and increase almuni donations.Most applicants arent legacies, and it isnt something you can control. If you arent a legacy, dont spend any time or energy worrying about it. How Much Does Legacy Status Matter in College Admissions? Most college admissions officers will state that legacy status is only a tiny factor in making the final admissions decision. Youll often hear that in a borderline case, legacy status might tip an admissions decision in the students favor. The reality, however, is that legacy status can be quite important. In some Ivy League schools, studies have shown that legacy students are twice as likely to be admitted as students without legacy status. This isnt information that most colleges want to advertise widely since it perpetuates the image of elitism and exclusivity that already surrounds the countrys most selective colleges, but theres really no denying that who your parents are can play a significant role in the college admissions equation. Why Does Legacy Status Matter? So if colleges dont want to be seen as elitist and exclusive, why do they practice legacy admissions? After all, it would be easy enough to evaluate applications without information about the colleges attended by other family members. The answer is simple: Money. Heres a typical scenario -- a graduate from Prestigious University gives $1,000 a year to the schools annual fund. Now imagine that the graduates child applies to Prestigious University. If the school rejects the legacy student, the parents good will is likely to evaporate, as will the $1,000 a year in gifts. The scenario is even more problematic if the graduate is wealthy and a prospect for giving the school $1,000,000. When multiple members of a family attend the same college or university, the loyalty to the school is often amplified, as are the gifts. When Junior is rejected from the school that Mom or Dad attended, anger and hard feelings can make the likelihood of future donations much less. What Can You Do? Unfortunately, legacy status is the one piece of your application over which you have zero control. Your grades, your essays, your SAT and ACT scores,  your extracurricular involvement, and to a certain extent, even your letters or recommendation are all pieces of your application that your effort can directly impact. With legacy status, you either have it or you dont. You can, of course, choose to apply to a college or university that your mother, father or sibling attended. But realize that legacy status is not something that you can force. If your great uncle attended a college, youll look desperate if you try to present yourself as a legacy. In general, parents and siblings are the only people who matter when it comes to determining legacy status. A Final Word on Legacy Status When you dont have legacy status, its easy to feel angry and hopeless in the face of the unfair preferential treatment some students receive. Some lawmakers are even trying to make legacy admissions illegal, for they do, in some cases, result in less qualified students being admitted over more qualified students. If theres any comfort to be found in this practice, its that the great majority of the applicant pool does not have legacy status. Yes, a few students have an unfair advantage, but the typical applicants odds of being admitted change very little whether or not a school gives preference to legacy students. Also, keep in mind that a significantly under-qualified legacy applicant will rarely be admitted. Schools dont admit students they dont think can succeed, legacy status or not.

Essay Perceval - 1099 Words

Perceval nbsp;nbsp;nbsp;nbsp;nbsp;In the story Perceval edited by Roger Sherman Loomis and Laura Hibbard Loomis, Perceval the main character has many adventures, in which he learns many lessons about life. The story starts out with Perceval, the son of a widow, out in the forest listening to the sweet season and all the warbling of the birds. In the distance he discovers knights riding towards him. At first he thought that they were devils, which his mother had warned him to stay away from. Then he saw all their bright and shiny armor and he thought it was the most beautiful thing he had ever seen, so according to his mother, angels were more beautiful than everything else in the world.†¦show more content†¦Perceval was very stubborn didn’t want to listen and he went even though it hurt his mother so. Before he left his mother gave him clothes and some words of advise about ladies and lords. She also told him of church and told him to always go and worship the Lord. Perceval agreed. On the morning that he left his mother chased after him and fell down at the end of the bridge, but he didn’t turn around he just kept going. Perceval rode the whole day and slept in the forest that night. The next morning he woke up and began to ride until he came across and tent with splendid colors, which caught his attention. Inside the tent he found a maiden who was unattended at that time. He remembered what his mother had told about ladies, to always receive a kiss and a ring. Perceval misunderstood this to mean that he was supposed to take it whether or not the maiden wanted to give it to him or not. This particular maiden was very upset after he forced himself onto her and took her ring. When her lover returned Perceval was gone, and the maiden was sitting alone crying. She told him the story of Perceval and he was very upset. Her lover told her that she had disgraced him and until he had killed Perceval her horse would have nothing to eat and she would not have any more luxuries. Meanwhile, Perceval rode on down the road to King Arthur’s castle. Outside there was a knight bearing red arms who had took King Arthur’s golden cup. PercevalShow MoreRelatedBeowulf, Perceval And Sir Orfeo1799 Words   |  8 Pages1. All three characters, Beowulf, Perceval and Sir Orfeo all begin in different stages of their characters. Beowulf begins as â€Å"the mightiest man on earth† (Beowulf 196). Beowulf has already fulfilled a knightly duty of protecting the poor and the weak. While King Hrothgar is not poor, he is weak: â€Å"[Hrothgar] sat stricken and helpless, / humiliated by the loss of his guard† (Beowulf 130-1), he is unable to help himself, and that is why Beowulf offers his assistance. He says, â€Å"I have come to proffer/Read MoreThe Story Of The Grail By Chretien De Troyes1128 Words   |  5 Pagesof the knight Perceval. In the beginning, Perceval is not called by his name, instead he is referred to as â€Å"the youth†. This is an important detail to stress, because the poem is a coming of age story. As the poem progresses, the reader is able to see definitive changes in Perceval’s character. For example, in the beginning of the poem Perceval uses the limited knowledge that was bestowed upon him by his mother in order to complete his â€Å"knightly† duties. To make it worse, Perceval feels the needRead MoreAnalysis Of The Book The Crucible 1425 Words   |  6 Pagesfinding the bottom of a wine jug. The only solution was to talk to a friend, and Perceval was the one man who could help. As much as he hated to interrupt Perceval’s supper with his wife, Gawain needed him now. Despite his sweaty and disheveled appearance, Gawain strode to Perceval’s chamber door and knocked. In a heartbeat, Perceval answered, his wide eyes traveling up and down Gawain. â€Å"Erm, you don’t look well.† Perceval stepped aside and gestured toward the dining table. â€Å"Come in and sit.† â€Å"Are youRead MoreAnalysis Of I m Ridiculous 992 Words   |  4 Pagesburied between her legs, or her mouth working his erection. Her heart pounded just imagining it and her face felt warm. In the past, she might have thought such acts were a little scary or overwhelming. But imagining engaging in such activities with Perceval was more exciting than anything else. Still, there was a time and place to have such thoughts, and now was not the time. â€Å"I’m ridiculous,† Joan admonished herself under her breath as she neared the castle. â€Å"Pull yourself together, Joan.† She approachedRead MoreGawain Essay1150 Words   |  5 PagesHowever, none of the shouted compliments or flowers tossed in their path seemed important today, not when he was desperate to lay eyes on his little family. As Perceval cantered down the lane on Aethon, and he did not spot Joan and Percy, he grew disappointed. â€Å"Damn, where are they?† asked Gawain, mirroring Perceval’s thoughts. Lionel, who’d ridden ahead for a time, brought his steed closer. â€Å"You don’t want your little ones caught up in this mob,† he shouted above the frenzied cheers. â€Å"There’sRead MoreShort Story1501 Words   |  7 PagesPerceval peered into the looking glass and regarded his beard. He had stopped shaving years ago, as it had become too much of a chore, and it turned out Joan loved his facial hair. â€Å"Love, is there more gray in my beard?† he asked Joan, scowling. â€Å"I am certain there is.† â€Å"More than yesterday?† she teased, standing by the hob, packing a deep basket with drinks and snacks. â€Å"I doubt it. But if there is, you’ve earned every gray whisker. That’s what happens when you’re forty, the father of six, and grandfatherRead MoreChretien De Troyess Romances1090 Words   |  5 Pagescompleted by just him. The other three have been worked on and finished by other authors. In this essay the themes from two of his works will be discussed. The works being analyzed are The Knight of the Cart (Lancelot) and The Story of the Grail (Perceval). The first theme being discussed is love. Love would be the most common thing found in romances. The word romance directly translates and means the word love. In both of the stories love is a driving factor behind the protagonists. The storyRead MoreKing Arthur and Lancelot1131 Words   |  5 Pagesfrom the Round Table to avoid Guenevere. He meets Perceval, a peasant boy, and takes him to Camelot to become a squire. Sir Gawain, under Morganas influence, accuses Guenevere of driving Lancelot away, driven from us by a womans desire, forcing Lancelot to duel Gawain to defend his and Gueneveres honor. The preceding night, Lancelot duels himself in a nightmare and awakens to find himself wounded by his own sword. Arthur hastily knights Perceval when Lancelot is late to the duel, but LancelotRead MoreThe Characters Of Arthurian Hero In Bernard Mallamuds The Natural1194 Words   |  5 Pagesthe Knights of the Round Table and The Fisher King. In many ways, The Natural mirrors the types c haracters, symbols, and events that occur in the Arthurian myths mentioned before. Many of the references made in The Natural relate to the story of Perceval and The Fisher King. One of the more obvious signs of the The Natural incorporating Arthurian legends in the story is through the portrayal of similar characters. For example, Pop Fisher is an unmistakable reference to Fisher King. Other than bothRead MoreShort Story793 Words   |  4 Pagessped down the hill in groups of five to ten. Perceval careened down the slope, flanked by Ulrich, Lionel, and Gawain. King Arthur was ahorse at the front of the crowd, and Guinevere stood beside the animal, whispering to the king as she clung to their baby. The sun blasted over the edge of the horizon, reflecting off the dew and making the land sparkle. It was, however, difficult to focus on the beauty of the moment with such a heavy heart. Perceval spotted Joan and, with a wide grin, ushered her

Child Sexual Abuse and Introduction Prostitution Free Essays

string(98) " for just gyrating around a pole to the throbbing rock music and flickering purple strobe lights\." SCOURGE OF CHILD PROSTITUTION IN THE PHILIPPINES A Research Paper Presented To Dr. Antonio R. Yango College of Arts and Sciences University of Perpetual Help System Laguna In Partial Fulfillment Of the Requirements for the Course Communication Arts 2 By MARIA MAYBELLE F. We will write a custom essay sample on Child Sexual Abuse and Introduction Prostitution or any similar topic only for you Order Now GALANG March 2012 Introduction Prostitution is a performance of sexual acts solely for the purpose of material gain. Persons prostitute themselves when they grant sexual favors to others in exchange for money, gifts, or other payment and in so doing use their bodies as commodities. In legal terms, the word prostitute refers only to those who engage overtly in such sexual-economic transactions, usually for a specified sum of money. Prostitutes may be of either sex, but throughout history the majority have been women, who have usually entered prostitution through coercion or under economic stress. (http://www. free-researchpapers. com/dbs/b3/peh277. shtml) â€Å"Prostitution† to pay for school fees is just one of the many guises of children in the Philippine flesh trade. Nobody really knows how many Filipino children are in the sex trade, but they could number up to 100,000, according to the International Labor Organization (ILO). Many are recruited from the provinces, their appeal is the â€Å"freshness† factor. These children are exposed to the AIDS virus and sexually transmitted diseases, while many risk physical violence and failing health from long and unholy work hours. They suffer from harmful psychological stresses, development of distorted values, economic exploitation, lack of love and affection, breakdown of family ties, loss of self-worth and endangered lives if they decide to quit. Shocking it may be but there is more to child prostitution than meets the eye. It is just one facet of the horrors daily served to children working in what the ILO calls the worst form of labor, be it on the street or in the sea. (http://unionssaynotochildlabor. om/inthenews/the-world-of-rp%E2%80%99s-4-million-child-workers/) The Optional protocol on the sale of children, child prostitution and child pornography in the Convention on the Rights of the child states that the prostitution of children or child prostitution is the practice whereby a child is used by others for sexual activities in return for remuneration or any other form of consideration (Article 2(b)). The remuneration or other consideration could be provided to the child or to another person. Most generally, the prostitution of children means that a party other than the child benefits from a commercial transaction in which the child is made available for sexual purposes – either an exploiter intermediary who controls or oversees the child’s activities for profit, or any other person who negotiates an exchange directly with a child in order to receive sexual gratification. (http://allafrica. com/stories/200711051563. html) According to Dela Pena, et al. 2004) these are the causes why prostitution is happening, there are the reasons, desire to earn big sum of money, there is a demand, Connivance of police and other law enforcement agencies/authorities, poor education, runaways/homeless, and the victims of rape and other violence. If there are reasons there is also a consequence, First their families are not respected in their neighborhood, they are the center of gossip, they are treated with no morals or respect, suffering violence from the hands of the police and their clients and considered trash, suffering physical and psychological consequences and last they are considered as sinful. Every day we watch more and more news concerning child prostitution, one of the worst forms of child labour. It has unfortunately become a common phenomenon in today’s society but people are not yet fully aware of what it really means, how many people are indirectly affected, and what the main consequences are. Millions of children from poor families are the main victims of this phenomenon, because there is a proportional relationship between economical problems and the spread of child prostitution: The poorer the country is, the more prevalent the problem is. A worldwide net of criminals, seeking economic benefits, works to entrap children and young people (mainly girls), to make a profit by selling them like goods and using their bodies for sexual purposes. Their targets are young people under 18, who live in rural areas, where the educational conditions are insufficient. Although the prevention against child prostitution has increased, it is very difficult to eliminate this â€Å"black hole†. (http://www. albstudent. albstudent. net/punime/K_Topi2. df) The Paper talks about how these innocent and clueless children engaged in such immoral business. Violence is the direct impact to the children suffering from this kind of situation. These children has different reasons why they chose this kind of profession. Poverty is the majority reason why they get into it, nowadays it is in demand, they are an orphan and homeless, in immoral nature, and the other one is jobless. Time after time, child exploitation getting worse to worst. To be left homeless and abandoned at 13 years old with a younger brother to provide for was too much for Angelina. Hungry and hopeless, begging food in a public park and nowhere to go, she found hope and happiness in the offer of two women job recruiters in Angeles City, Pampanga. Angelina arrived with the pimps in Angeles two years ago. It was teeming with fat foreigners walking the gaudy neon lit streets with beer bellies as big as a barrel dragging a young girl by the hand and heading to a cheap motel. Angelina was now being trained to provide ‘anything they wanted. Having been told that she would be serving drinks, she was put on the bar top with a dozen other young girls to dance in a bikini for the gawking lusting customers. The ‘Mamasan’, her handler, saw that she got paid a small percentage for the drinks sold when a customer called her down to sit on his lap and press her again his fat stomach and kiss her with an unshaved face smelling of beer and whiskey . It repelled Angelina but for this she would earn more than what she got for just gyrating around a pole to the throbbing rock music and flickering purple strobe lights. You read "Child Sexual Abuse and Introduction Prostitution" in category "Essay examples" It was more money than she ever had in her entire life. Then she was offered an increase if she would go ‘bar-hopping’ with a customer. She was promised that, that was the entire customer wanted, be seen with his trophy girl. (http://web. archive. org/web/20070927192510/http:/www. preda. org/archives/2005/ r05030201. html) In research conducted in  Cebu  in 2004, all the taxi drivers surveyed responded that they had had an encounter with a foreign tourist accompanied by a Filipino minor. Interviews conducted in a drop-in centre for victims of commercial sexual exploitation (CSE) showed that 70 per cent of the girls assisted were aged between 11 and 17 years. Cebu  is a prime tourist destination in the Philippines, and is advertised on websites providing information on where sex services are available. Two years ago, an American national was arrested as he tried to leave the US for the Philippines for making arrangements to have sex with two Filipino girls aged 9 and 12. There are indications that this kind of pre-arranged child sex tourism takes place in the country, and is highly facilitated by the Internet. Nationals from Austria, Australia, Belgium, Britain, Canada, France, Germany, Japan, Malaysia, the Netherlands and the United States have been arrested in the Philippines for sexual offences against children. (http://gvnet. com/childprostitution/Philippines. htm) In Batangas City, a Fifteen year old girl names Ana talks and dresses the way girls her age do. She wears trendy clothes imitated from models she sees in magazines and television shows. She also loves to have fun, and to sing. Beneath her smiles and bubbly personality, however, is a child in pain. A female recruiter, who promised Ana a job as a storekeeper in Cavite, flew her from her home province of Bukidnon to Manila in January 2006. From there, she was brought to Cavite and forced to work as a guest relations officer (GRO) in a bar and, eventually, as a prostitute. With three other girls? All minors? Ana was made to work from 4 p. m. till past midnight. If the girls refused to cooperate? Steve? A nephew of the bar owner, would beat them or douse them with water. Ana’s first customers were Coast Guard members who forced her to have sex with them for a fee. She took the experience with a grain of salt. It’s OK. I was raped by my father when I was 7 years old? Ana said, further revealing a darker part of her life. For 10 months, Ana’s life was controlled by the bar owners, who offered her like a merchandise to patrons. (Querubin, 2007) A Filipino Girl at the tender age of three  was forced to perform oral sex on  strangers. What’s worse is that her pimp is her own mother, a drug addict. The girl’s plight is shocking but not unique, said Dr Jean D’Cunha from the United  Nations Development Fund for Women (Unifem). Children of increasingly young ages are being forced into prostitution to fuel the  billion-dollar tourism trade in child sex, said international experts on prostitution and human  trafficking at a conference here. Add the growing number of similarly victimised young women, and the experts  believe that ‘millions’ are being trafficked worldwide for the sex trade. They are convinced the pool is  swelling, but could not offer definitive figures due to the clandestine nature of the trade. (http://web. archive. org/web/20080614060120/http:/www. childexploitation. org/prostitution6. tml) The researcher conducted this research and covered this research topic is they wanted to prioritize by the law-makers this kind of illegal business, to let the government officials realized that the country we belong is included at the ranking of this child flesh trade activity. To do an action to prevent this kind of illegal as well as socially proscribed. Make an organization in the community which includes rules and regulations that can avoid prostitution and especially the Laws will be tightened specially the penalties for those responsible, promoters and beneficiaries of child prostitution were increase drastically. Body Causes of Child Prostitution As mentioned by Jarapa, et al. (2000), poverty in a land laid waste by recurring typhoon which sends families running to their cities; Poverty of education and the lack of relevant training which brings humiliating unemployment to the poorest of the poor; Poverty of esteem and opportunity which prevents parents from being able to defend their youngster; Poverty of the Spirit which destroys the will of the family to stay together; Poverty of the mind which in the name of tourism and the mighty dollar forces children into prostitution. Ages range engage in Child Prostitution Street children are children who either live or work on the streets, spending a significant amount of time engaged in different occupations, with or without the care and protection of responsible adults. With ages ranging from 5 to 18 years old, these children ply the sidewalks in a desperate attempt to eke out whatever meager amount they can earn for their survival. An estimated 25% live on the streets. (http//www. childhope. com. ages of child prostitution. 2003) The  Philippines  is highly affected by all forms of commercial sexual exploitation of children (CSEC), which seem to be closely linked and greatly impact on one another. While tourism has been used to promote economic growth, it has also resulted in child sex tourism in the Philippines. In research conducted in  Cebu  in 2004, all the taxi drivers surveyed responded that they had had an encounter with a foreign tourist accompanied by a Filipino minor. Interviews conducted in a drop-in centre for victims of commercial sexual exploitation (CSE) showed that 70 per cent of the girls assisted were aged between 11 and 17 years. Cebu  is a prime tourist destination in the Philippines, and is advertised on websites providing information on where sex services are available. Two years ago, an American national was arrested as he tried to leave the US for the Philippines for making arrangements to have sex with two Filipino girls aged 9 and 12. There are indications that this kind of pre-arranged child sex tourism takes place in the country, and is highly facilitated by the Internet. Nationals from Austria, Australia, Belgium, Britain, Canada, France, Germany, Japan, Malaysia, the Netherlands and the United States have been arrested in the Philippines for sexual offences against children. (http//www. ecpat. net. ages of child prostitution. ECPAT International. 006) No. of Child in Prostitution Filipinos mostly used women for Prostitution. The Philippines was ranked no. 4 in child Prostitution. Estimatedly 3,366 children still forced in this activity every year. Prostitution is not a business in the Philippines but an industry. (http//www. scribd. com. Prostitution. 2011) The  Virlanie  Foundation, a local child protection NGO, estimated that there wer e at least 20 thousand child prostitutes in the country, most in the Metro Manila area. Other NGOs estimated that as many as 100 thousand children were involved in the commercial sex industry. Most of these children were girls, and nearly all had dropped out of school. These children come from very poor families with unemployed or irregularly employed parents. The  Virlanie  Foundation offered housing, training, and counseling services to child prostitutes. An ILO program resulted in more than six thousand children being removed or prevented from engaging in the worst forms of child labor, including the commercial sex industry. (http//www. state. gov. com. no. of child in prostitution. 2006) Prostitution in the Three Sociological Perspectives As discussed by Garcia, et al. (1986) Prostitution has Three Sociological Perspectives. Prostitution According to the Functionalists. Prostitution has certain functions in society. It meets the need of husbands who are not fully satisfied by their wives as well as the needs of single and widowed persons who have no available sex partners. The customers are sexually gratified without any responsibility or commitment; the prostitutes earn something for their everyday subsistence. It virtually becomes a matter of give-and-take relationship. Prostitution According to the Conflict Theorists. Prostitution is the offshoot of an unjust society in which the dominant group would always impress on the subordinate groups of their superiority not only in material possession but also in morality. They deliberately want the poor to remain poor or to become poorer so they will not be a threat to the top position they hold on in the social ladder. Prostitution According to the Interactionists. In the first place, the interactionists see a ganut of relationships that exist between prostitutes and their respective clients. If there are 1,001 encounters between them, expect different kinds of interactions and impressions. These are the different interpretations from four parties, namely: The married man himself: â€Å"I prefer staying with her than with my wife. She knows my needs and she is an expert in satisfying them. † The Prostitute: â€Å"Well, this is what we call luck. I might as well learn to love the old man. † The wife: â€Å"I cannot figure out why my husband goes for this whore. She is nothing compared to me. † A friend of the old man: â€Å"There’s nothing wrong with it. Anyway we live in a double-standard society. Usual places where Prostitution occurs As explained by Perez, et al. (2000) Child prostitution exists not only in Metro Manila (M. H. del Pilar, Mabini, Sta. Monica, and Flores streets in the tourists belt), but also in the provinces with the youngsters servicing both local and foreign clients of both sexes. The provincial areas are: Puerto Galera, M indoro; Poro Point in San Fernando, La Union; Bacolod City, Buhi, Camarines Sur; Bulacan; Mactan International Airport, Cebu; Pagsanjan, Laguna; Boracay Island, Aklan; Angeles City; Bulusan Sorsogon; Cavite; Olongapo City; Legaspi City. Pedophiles and their sickness called â€Å"Pedophilia† Dr. Anthony Siracusa, a psychologist specializing in treating sexually abused children from Williamstown, Massachusetts, states that adults who have a thing for children are often stressed and anxious about relationships with other adults. According to Siracusa these people are called regressed offenders, because they are not dealing on the level of an adult but are going back to a former period in their life. Sometimes these people bounce back and forth form a relationship with another adult to criminal relationships with children. Dr. Hord also agrees that insecurity is at the heart of the pedophile’s inability to relate to an adult intimate relationship. Pedophiles are not capable of having a normal healthy relationship sexually and often socially with other adults. The adult relationship is difficult or even daunting for them and therefore it easier to be attracted to a child. Insecurity translates to the need to control the sexual experience and of course it is very easy to do with a child. It is not so easy to do in a healthy adult relationship. (http://mental-personality-disorders. factoidz. com. pedophilia. roach. 2009) Diseases that can be acquired by Prostitutes Veneral disease has been recognize as a health hazard for centuries. Despite the supposedly new sexual awareness, a great number of people continue to catch and transmit it. It is an infection transmitted from person to person by intimate body contact, or other forms of skin-to-skin contact with an infected person. Syphilis and gonorrhoea are two venereal disease which have reached alarming proportions. Syphilis is caused by a corkscrew-shaped micro-organism called spirochete which enters the body mucous membranes or breaks in the skin. Gonorrhoea is caused by the bacterium gonococcus. Upon How to cite Child Sexual Abuse and Introduction Prostitution, Essay examples

Explore the Main Implications of the European Union

Question: Describe about the Explore the main implications of the European Union, extending its membership to include the former communist countries of central and eastern Europe? Answer: In response to the major financial crisis that took place in European Union region, both the banking system and the supervisory structure of the region took stern measures to put in corrective checks. However it can be debated whether the measures were adequate and what more or different could have been done in the prevailing situation. The debt crisis exposed structural weakness in some of the countries of the region, primary being the unsustainable levels of both public and private debt. The financial crisis was also able to expose the systematic shortcomings in the detailed architecture of the monetary and economic union in the region. National Governments of the region along with institutions took slew of measures to safeguard the financial stability and also to strengthen the architecture of the institutions (Arezki, 2011). The complexity of financial integration in the Euro zone and the significance of the same cannot be decoded without understanding the complex structure on which the Euro zone is standing. The establishment of the single currency in the region followed by the Governance structure leads to formation of contagion on the whole region even if the small part of the whole region is making trouble (Ruffert, 2011). The structure of The European Union and its banking structure is based on the framework that each member country will support the existence of the other in times of crisis. However in the current situation countries like Germany which have healthy GDP to debt ratio are financing the needs of country like Greece and Spain which are struggling in the region. This has led to rise of the question whether the structure is good enough to survive the down time. The cost of debt has come down sharply in most of the countries, however the risk appetite of the investor has not risen as the d emand remains to be subdued in the region. Although ECB has been following an ultra loose monetary policy and has also enforced negative interest rate in the economy, the demand has been very sluggish and this is the prime reason why respite is still not felt in the region. Coupled with the already leveraged problem there are high chances that the region will move into deflation mode, as even in the ultra loose monetary policy inflation is not picking up and is way below the desired state (Lane, 2012). In response to the recent debt crisis in the European region there have been slew of austerity measures, debt write downs, ultra loose monetary policy, creation of huge bailout fund. These measures have been intended to provide the whole region some kind of financial stability. In reaction to this we have seen fallen interest rate in the economy, huge rally in stock market but the real market indicators are showing no signs of improvement. The debt crisis exposed structural weakness in some of the countries of the region, primary being the unsustainable levels of both public and private debt. The financial crisis was also able to expose the systematic shortcomings in the detailed architecture of the monetary and economic union in the region. National Governments of the region along with institutions took slew of measures to safeguard the financial stability and also to strengthen the architecture of the institutions. The cost of debt has come down sharply in most of the countries, however the risk appetite of the investor has not risen as the demand remains to be subdued in the region. Although ECB has been following an ultra loose monetary policy and has also enforced negative interest rate in the economy, the demand has been very sluggish and this is the prime reason why respite is still not felt in the region. Coupled with the already leveraged problem there are high chances that the region will move into deflation mode, as even in the ultra loose monetary policy inflation is not picking up and is way below the desired state. The banking system in the region has led to Government follow steep austerity measure in the region, however the same has provided no major relief to state finances and public debt. The increased level of taxes followed by huge cuts in Government spending has led to sharp contraction in the economy. The direction of the Government and ECB are not in synchronization. The debt crisis exposed structural weakness in some of the countries of the region, primary being the unsustainable levels of both public and private debt. The financial crisis was also able to expose the systematic shortcomings in the detailed architecture of the monetary and economic union in the region. National Governments of the region along with institutions took slew of measures to safeguard the financial stability and also to strengthen the architecture of the institutions. The establishment of the single currency in the region followed by the Governance structure leads to formation of contagion on the whole regio n even if the small part of the whole region is making trouble. The structure of The European Union and its banking structure is based on the framework that each member country will support the existence of the other in times of crisis. However in the current situation countries like Germany which have healthy GDP to debt ratio are financing the needs of country like Greece and Spain which are struggling in the region. This has led to rise of the question whether the structure is good enough to survive the down time. The cost of debt has come down sharply in most of the countries, however the risk appetite of the investor has not risen as the demand remains to be subdued in the region (Prez-Caldentey, 2012). The complexity of financial integration in the Euro zone and the significance of the same cannot be decoded without understanding the complex structure on which the Euro zone is standing. The establishment of the single currency in the region followed by the Governance structure leads to formation of contagion on the whole region even if the small part of the whole region is making trouble (Ruffert, 2011). The structure of The European Union and its banking structure is based on the framework that each member country will support the existence of the other in times of crisis. However in the current situation countries like Germany which have healthy GDP to debt ratio are financing the needs of country like Greece and Spain which are struggling in the region. This has led to rise of the question whether the structure is good enough to survive the down time. The cost of debt has come down sharply in most of the countries, however the risk appetite of the investor has not risen as the demand remains to be subdued in the region. Although ECB has been following an ultra loose monetary policy and has also enforced negative interest rate in the economy, the demand has been very sluggish and this is the prime reason why respite is still not felt in the region. The international investors are not putting money in the region and that is easily visible by means of buying trends seen in Italian and Spanish bond. Majority of the bond auctions are seen to be closed only by the domestic buyers. The cost of debt has come down sharply in most of the countries, however the risk appetite of the investor has not risen as the demand remains to be subdued in the region. Although ECB has been following an ultra loose monetary policy and has also enforced negative interest rate in the economy, the demand has been very sluggish and this is the prime reason why respite is still not felt in the region. Coupled with the already leveraged problem there are high chances that the region will move into deflation mode, as even in the ultra loose monetary policy inflation is not picking up and is way below the desired state. However it can be debated whether the measures were adequate and what more or different could have been done in the prevailing situation. The debt crisis exposed structural weakness in some of the countries of the region, primary being the unsustainable levels of both public and private debt. The financial crisis was also able to expose the systematic shortcomings in the detailed architecture of the monetary and economic union in the region. National Governments of the region along with institutions took slew of measures to safeguard the financial stability and also to strengthen the architecture of the institutions (Arezki, 2011). The complexity of financial integration in the Euro zone and the significance of the same cannot be decoded without understanding the complex structure on which the Euro zone is standing. The establishment of the single currency in the region followed by the Governance structure leads to formation of contagion on the whole region even if the small part of the whole region is making trouble (Ruffert, 2011). References: Arezki, R., Candelon, B., Sy, A. (2011). Sovereign rating news and financial markets spillovers: Evidence from the european debt crisis.IMF working papers, 1-27 Ruffert, M. (2011). The European debt crisis and European Union law.Common Market Law Review,48(6), 1777-1805 Lane, P. R. (2012). The European sovereign debt crisis.The Journal of Economic Perspectives,26(3), 49-67 Prez-Caldentey, E., Vernengo, M. (2012).The euro imbalances and financial deregulation: a Post-Keynesian interpretation of the European debt crisis(No. 702). Working Paper, Levy Economics Institute Featherstone, K. (2011). The JCMS Annual Lecture: The Greek Sovereign Debt Crisis and EMU: A Failing State in a Skewed Regime*.JCMS: Journal of Common Market Studies,49(2), 193-217 Gianviti, F., Krueger, A. O., Pisani-Ferry, J., Sapir, A., von Hagen, J. (2010).A European mechanism for sovereign debt crisis resolution: a proposal(Vol. 9). Brussels: Bruegel Beirne, J., Fratzscher, M. (2013). The pricing of sovereign risk and contagion during the European sovereign debt crisis.Journal of International Money and Finance,34, 60-82