Wednesday, May 6, 2020
Human Resource Management Job Sharing System
Question: Describe about the Human Resource Management for Job Sharing System. Answer: The job sharing system in Motorola has helped in changing major working hours at their East Kilbride plant. The plan was made to be helpful in standardizing the shifts within all of their operations (Williamson Cooper and Baird 2015). It has helped them in forming successfully working shift a total of 84 hours over two weeks time period. In job sharing system two workers would share the 12 hours shift in between them. This system of job sharing has provided Motorola with many benefits like, Motivating employees by job satisfaction- The workers of Motorola has been largely benefited from this system. Their responsibilities have been divided and they do not have to work tirelessly (Park Kim and Krishna 2014). It becomes no hectic for the worker to follow the working timing and they were able to devote some time to their family also. Successfully implementing the amount of working duration- Motorola have implied a total of 7 shifts of 12 hours each over a period of two weeks. The shift timings could have been failed if the job shifting would not have been available (Williamson Cooper and Baird 2015). The company has been largely benefited from their annual reviews and feedback sessions. It has been possible because of their job sharing system. 2. Motorola also has a number of female employees in their business operations. Motorola implemented 12 hours working duration for a shift. It became really difficult for these female employees to carry on the work. The work duration was too onerous for the female employees as they had to take care of their family too. For example- Mary MacDonald was also an employee of Motorola. She had applied for dayshift at Motorola. However, she was also a single parent of two kids. Hence, she has to take care of them as well. The time duration became very hard for her to manage work and kids simultaneously. However, due to the application of job sharing system, she could form a balance between the work and her personal life. It also helps in decreasing the stress level among employees due to work load. Motorola was able to provide work satisfaction to its employees because of this job sharing system. Hence, forming balance between real and personal life, decreasing the stress level due to work load, and job satisfaction were the main reasons and needs for implying job sharing for female employees of Motorola. As per the news article in How two women became CEOs through job sharing (2016), two women became CEOs of a company by job sharing. 3. Job sharing is very important for all the providing the benefits to the company and its employees. The key advantages of job sharing are retaining of employees and efficient job sharing. However, there are some disadvantages of job sharing on employees and customers such as Problem of managing two employees and compatibility issues among the co workers. Advantages Retaining employees- It has helped managers of Motorola for retaining many efficient and hard working employees. According to Watton and Stables (2016), these workers might have quitted the job due to family issues and lack of balance of work and personal life. Efficient job partners- The sharing of responsibility is beneficial for job sharers of Motorola. If two workers divide the work it would help the company in achieving two set of brains in their work (Watton and Stables 2016). The successful work would get shared between the coworkers as both of them would work hard to deliver 100% results. Disadvantages Managing two employees- it would become difficult for managers to manage the two workers on the same task (Lutz 2012). Sometimes, conflict would rise in between them due to competitive nature of employees. Compatibility issue- the coworkers of Motorola may have compatibility problems and issues. The problems may rise due to difference in working style or lack of compromising among them (Lutz 2012). It is very difficult to find two workers who are compatible and ready to work as a part timer. 4. The cultural factors that affect the implication of job sharing in any organization are codependency among workers (McNamara et al. 2013). The employees have become more significantly connected to each other. They have divided the work among them and it has helped to lessen the work load. Another factor that has a role for forming the job sharing in the organization is spending family time (Malabi 2015). The responsibilities of the employees towards their family also help in determining whether the job sharing would be successful or not. It has been seen that many employees have to take care of other matters like family or studies and have to devote their time to other options (McNamara et al. 2013). Hence, if their work is divided by using job sharing, the employees would get ample time for devoting to themselves. However there are some barriers that may hinder the progress of job sharing for the organizations. According to the cultural dimension of Hofstede, Australia is a very individualistic country (Bakir et al. 2015). People are limited to their own personal life. Hence, they need time for their own family and friends. Job sharing is helpful in providing them with ample amount of time to spend with their beloved ones. References Bakir, A., Blodgett, J.G., Vitell, S.J. and Rose, G.M., 2015. A preliminary investigation of the reliability and validity of Hofstedes cross cultural dimensions. InProceedings of the 2000 Academy of Marketing Science (AMS) Annual Conference(pp. 226-232). Springer International Publishing. How two women became CEOs through job sharing. (2016).Telegraph.co.uk. Retrieved 25 August 2016, from https://www.telegraph.co.uk/women/work/how-two-women-became-ceos-through-job-sharing/ Lutz, J., 2012. Alternative Work Arrangements: An Examination of Job Sharing.Compressed Workweeks, and Flextime. Malabi, N.J., 2015. A Phenomenology of Communication and Decision-Making among Head Nurses and Staff Nurses in a Managerial Job-Sharing Unit. McNamara, T.K., Pitt-Catsouphes, M., Matz-Costa, C., Brown, M. and Valcour, M., 2013. Across the continuum of satisfaction with workfamily balance: Work hours, flexibility-fit, and workfamily culture.Social Science Research,42(2), pp.283-298. Park, S.H., Kim, J.N. and Krishna, A., 2014. Bottom-Up Building of an Innovative Organization Motivating Employee Intrapreneurship and Scouting and Their Strategic Value.Management Communication Quarterly,28(4), pp.531-560. Watton, E.L. and Stables, S., 2016. The benefits of job sharing: a practice-based case study. Williamson, S., Cooper, R. and Baird, M., 2015. Job-sharing among teachers: Positive, negative (and unintended) consequences.
Thursday, April 23, 2020
Strengths and Weaknesses King Lear free essay sample
Discuss the strengths and weaknesses of the character King Lear The character of King Lear is essentially a destructive character in this play due to his weaknesses but he reveals some strengths in character in acts four and five of the play. The weaknesses portrayed by Lear are his inability to see reality and his misconception of love. His strengths are his renewed optimism and his ability to become humble. Although Lear reveals these strengths the damages his weaknesses cause override his positive change in character. A central weakness of King Lear is his flaw of being blind to reality. This flaw is displayed in the exposition of the play when Lear banishes Cordelia as she refuses to confess her love for him. He is blind to reality due to his irrational expectation of his daughters and this causes him to react unreasonably to Cordeliaââ¬â¢s defiance. The blindness of this irrational action is reinforced when Kent tries to reason with Lear stating ââ¬Å"see better Lear and let me still remain/the blank of thine eyeâ⬠and Lear who is blind to this reason banishes Kent also. We will write a custom essay sample on Strengths and Weaknesses King Lear or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The use of the words ââ¬Å"seeâ⬠and ââ¬Å"eyeâ⬠allows the audience to understand direct links between Kentââ¬â¢s speech and the idea of Learââ¬â¢s fatal flaw of being blind. In addition to this, the use of the word ââ¬Å"betterâ⬠and the phrase ââ¬Å"let me be the blank of thine eyeâ⬠illustrate that Lear has lost his ability to see reality clearly. This flaw is increasingly developed as Lear falls further into madness and loses his grip on reality. This blindness is illustrated to the audience as Lear attempts to appeal to Reganââ¬â¢s ââ¬Ëgood natureââ¬â¢ which she essentially does not possess at this point. No Regan thou shalt never have my curse/thy tender-hafted nature shall not giveâ⬠he states to her after aggressively criticizing Goneril. The tone of his speech to Regan is inappropriately flattering and displays his desperation as he is attempting to appeal to her filial feelings that we know Regan does not have for Lear. The tone of this speech displays his blindness to reality and to the true nature of his daughter. At this point the audience begins to develop empathetic feelings towards Lear despite the flaw of his blindness. This trait of desperation and the wish to search for something the good despite evidence to the contrary is one that many people can relate to. This identifiable trait allows us to feel sympathy for the character Lear as it is difficult to dislike him whilst he is in this state. However, the problems this flaw has caused cannot be ignored by the audience as the play develops. King Learââ¬â¢s underlying desire for power is another fundamental weakness in his character in the beginning of the play. This weakness becomes obvious in the exposition of the play when Lear states to his daughters ââ¬Å"know that we have divided/in three our kingdom, and ââ¬Ëtis our fast intent/to shake all cares and business from our ageâ⬠. This essentially means that Lear wishes to give away the responsibility of being a King but keep the powerful status the title brings. This desire for power is further shown when Regan and Goneril wish to strip Lear of all his possessions and his entourage. The prospect of this is unimaginable for Lear and he states ââ¬Å"allow not nature more than nature needs/manââ¬â¢s life as cheap as beastââ¬â¢sâ⬠. Through this we understand that the only way he believes he can have power and authority is through possessions and followers as that without this he has nothing. The use simile here renforces this idea that Lear believes he is merely an animal and that his life is not worth anymore than that without any of his possessions and his status. It is this that allows us to understand his fundamental flaw in desire for power and his misinterpretation of what authority and power is. This flaw portrayed by Lear also allows us a gateway into understanding this flaw in the hierarchical Elizabethan society. The idea of the ââ¬Ëchain of beingââ¬â¢ to represent society was one that was prominent in Elizabethan times and it saw the King, closest to divinity at the top with a great deal of power and the majority of the population at the bottom with very little power. The king was wealthy and had possessions and the majority of the population did not, thus creating the link between wealth and power in this society. Through understanding the ââ¬Ëchain of beingââ¬â¢ we are able to understand his belief in his absolute power and the reasons behind his desperation to keep his possessions because power for him and Elizabethans is defined through wealth. This idea also allows modern audiences to reflect on their own society and evaluate the strength of the link between power and wealth in their society. After the storm in act 3, Lear begins to show strength in character by showing optimism despite his dismal circumstances. John Ellis praises Lear for this by describing him after the storm as having ââ¬Å"tragic strength and will in the face of the machinations against him by his own childrenâ⬠. Lear is at the height of his madness in the storm when he strips off his clothes and curses the world and his two daughters Regan and Goneril. At this point it is difficult for the audience to imagine him recovering from this state, but his reconciliation with Cordelia displays his strength of optimism. Lear says to Cordelia ââ¬Å"we two alone will sing like birds iââ¬â¢ theââ¬â¢ cageâ⬠which shows his optimism to start a new life with Cordelia despite what happened in their old life. The positive natural imagery in this quote is important and it is in stark contrast to the negative natural imagery of ââ¬Å"hagsâ⬠and ââ¬Å"serpentsâ⬠he used during the storm. This change reflects a change in the state of his mind and shows a positive quality of his ability to understand that although he has lost his wealth and power he still has the love of his youngest daughter. Lear also uses positive natural imagery when he says ââ¬Å"ebb and flow of the moonâ⬠which illustrates that he is looking forward to living a peaceful life style with Cordelia despite their past. Both of these quotes show that he is content with living a simpler life as he has come to realise power and wealth are not the most important things in life. This strength in Learââ¬â¢s character cannot be ignored however it is questionable whether this optimism overrides the destruction he has caused in his kingdom. It can also be speculated that if he and Cordelia had not died Lear would have left the kingdom in the ruin it had become to pursue a simpler life. In stark contrast to the beginning of the play, one of Learââ¬â¢s strengths is his ability to become humble. It has been said that ââ¬Å"the moment of Learââ¬â¢s awakening is one of the most moving scenes in our literatureâ⬠. In agreement to this statement it can be argued that his ability to be humble in contrast to his previous mindset is extremely moving. When Lear is apologising to Cordelia he says that he will ââ¬Å"kneel down and ask of thee forgivenessâ⬠. The choice of the words ââ¬Å"kneelâ⬠and ââ¬Å"askâ⬠are important here as they are submissive, not dominant words. This illustrates to the audience that Lear has gotten over his pride and arrogance and has learnt to accept and acknowledge his mistakes. Lear also shows the audience that he has become humble with the quote ââ¬Å"talk of court news who loses and who wins, whoââ¬â¢s in, whoââ¬â¢s out â⬠which displays his wish to distance himself from the court he had once cherished for the wrong reasons. This shows the strength of being humble as he has lost his position of power, but he has accepted it and he no longer cares for ââ¬Ëcourt gossipââ¬â¢ or being the centre of attention. This change in character is extremely important as it allows us to understand that Lear had the ability to see the error of his ways. This change in character and the one mentioned previously are both changes that result in Lear no longer caring for the Kingdom. Although this is admirable as it had previously been the centre of his life, it is also to an extent selfish as he is leaving the kingdom which he essentially destructed. It is this that makes Lear a weak character as his actions at the beginning of the play were irreversible. The weaknesses of King Lear and his actions due to these weaknesses were too great to allow redemption for him at the end of the play despite the strengths he shows in the final acts. Lear, due to his status made too much of an impact of the Kingdom to be forgiven by the audience. However his character demanded the Elizabethan audience consider the importance they placed on the ââ¬Ëchain of beingââ¬â¢ and allowed modern audiences to reflect upon their own societal structure. His change in character also enabled us to understand that wealth and possessions do not equal happiness.
Friday, April 17, 2020
Gun Control Argumentative Essay Sample
Gun Control Argumentative Essay SampleA gun control argumentative essay sample can help you write a powerful piece of writing that makes an argument that has some weight. It will provide you with examples that can help you succeed in your writing. These types of essays are popular for college students, teenagers, and even adults.There are many different types of the essay. Each type includes topics, techniques, and the format that will help you write a well-written essay. With this type of essay, you will be able to express an opinion about the situation. You will be able to use several different types of tools to help you do this.An argumentative essay usually uses different tools to help you create a powerful piece of writing. Many of these tools are used to emphasize the reasons for why a person does not like a certain issue. These types of essays are useful in writing for children, teens, or adults.The first tool is why people need guns. This can be used as a way to show why guns are dangerous. Also, it is used to support arguments that guns are bad. For example, if a person wants to make sure that their children will be safe from the dangers of a gun, they should not have one.Using different types of arguments, this type of essay will allow you to use a variety of tools to explain why people choose to have guns. As an example, if a child decides to have a gun, they are hurting themselves. They could get hurt in ways that other children cannot. Also, because they may hurt other people and this may cause others to feel angry or violent towards them.Another reason for a person to have a gun is that there are crimes that occur because someone is armed. This is why guns should be illegal. This can prevent many of these things from happening.If you are against the idea of having guns, then you can also show why this will encourage violence in people's own body. The argument can be used to show that having guns leads to fear in people's minds. These types of peop le will act out by hurting others because they are afraid.Another tool used in this type of essay is using other arguments. Many arguments will be used to show why guns should be banned. In addition, using different types of arguments will help you to convince your audience. These types of essays can be very successful.
Tuesday, March 17, 2020
Telecommunication within ARAMCO
Telecommunication within ARAMCO Saudi Aramco is the national oil company for Saudi Arabia and manages the worldââ¬â¢s largest crude oil reserves. Over the years, the company has developed into an international petroleum enterprise with expertise in exploration, production, refining and sale of petroleum products.Advertising We will write a custom report sample on Telecommunication within ARAMCO specifically for you for only $16.05 $11/page Learn More The company is also responsible for gas processing that is a major contribution to the itââ¬â¢s economy. It also provides other services to its employees such as hospitals and several fire stations that serve both the company and its surrounding residential areas. The company has employed various forms of telecommunication such as the use of emergency telephone help lines in order to cater for the safety of its workers, the public and even the environment in case of a disaster (Comer 2006). In maximizing the extraction and use of oil and gas, the company has integrated detailed electronic and human networks. A well established fiber optic technology system that supports high bandwidth voice and data communications has been set up enabling authorities to monitor performance of sea operations from land. It also operates a radio mobile network for its operational areas. A detailed company website is also another means by which the company is able to advertise its products and services to the entire world. This lessens time and distance barriers enabling the company to survive in the current competitive marketplace. In regard to the rapidly changing technological environment, ABC communications would like to offer a proposal for the assessment of in-place telecommunication equipment to determine whether they are effective, efficient and economical. This will ensure that the company is up to date with the current telecommunication advancements as it involves analyzing the future viability of the current systems in place while scrutinizing their impact on the achievement of organizational goals. Achievement of the above will entail the following:Advertising Looking for report on communications media? Let's see if we can help you! Get your first paper with 15% OFF Learn More A cost/benefit analysis of the telephone and computer systems in use with an upgrade of the systems where necessary. If however, theyââ¬â¢re inefficient then new systems may be installed. Offering cheaper alternatives for office communication such as high speed wireless internet services. Installation of the latest fiber optic technology into the system which translates to increased number of calls that can be carried and improved information security as it is difficult to tap into fiber optic cables without detection. Developing streamed videos as a marketing strategy thus enabling customers and stakeholders to browse large files in real time as users can view streamed multimedia as it is being rece ived. Setting up an internet office to store accessible files, phone numbers, email addresses and more especially for employees making it possible for co-workers to send and or receive important documents. Assessment of the companyââ¬â¢s internet security and prevention of unauthorized access to corporate computer data. This is by means of constructing an internet firewall with a purpose of limiting access into and out of the network based on the companyââ¬â¢s access policy Assist company personnel to identify problems in telecommunication and propose resolutions. Details of the price of the contract will be issued to the company on written acceptance of the proposal. My proposal is to carry out the above at the beginning of the next financial year beginning 1st April 2012. In carrying out the above, due to the sensitive nature of information likely to be acquired, I assure confidentiality on any classified company information that I come across when working with you. Our emp loyees will demonstrate professional competence and due care in performance of their duties. Reference Comer, D. (2006). Computer Networks and Internets. New Jersey: Prentice Hall.
Sunday, March 1, 2020
The Physics of a Car Collision
The Physics of a Car Collision During a car crash, energy is transferred from the vehicle to whatever it hits, be it another vehicle or a stationary object. This transfer of energy, depending on variables that alter states of motion, can cause injuries and damage cars and property. The object that was struck will either absorb the energy thrust upon it or possibly transfer that energy back to the vehicle that struck it. Focusing on the distinction betweenà forceà andà energyà can help explain the physics involved. Force: Colliding With a Wall Car crashes are clear examples of how Newtons Laws of Motion work. His first law of motion, also referred to as the law of inertia, asserts that an object in motion will stay in motion unless an external force acts upon it. Conversely, if an object is at rest, it will remain at rest until an unbalanced force acts upon it.à Consider a situation in which car A collides with a static, unbreakable wall. The situation begins with car A traveling at a velocity (v) and, upon colliding with the wall, ending with a velocity of 0. The force of this situation is defined by Newtons second law of motion, which uses the equation of force equals mass times acceleration. In this case, the acceleration is (v - 0)/t, where t is whatever time it takes car A to come to a stop. The car exerts this force in the direction of the wall, but the wall, which is static and unbreakable, exerts an equal force back on the car, per Newtons third law of motion. This equal force is what causes cars to accordion up during collisions. Its important to note that this is an idealized model. In the case of car A, if it slams into the wall and comes to an immediate stop, that would be a perfectly inelastic collision. Since the wall doesnt break or move at all, the full force of the car into the wall has to go somewhere. Either the wall is so massive that it accelerates, or moves an imperceptible amount, or it doesnt move at all, in which case the force of the collision acts on the car and the entire planet, the latter of which is, obviously, so massive that the effects are negligible. Force: Colliding With a Car In a situation where car B collides with car C, we have different force considerations. Assuming that car B and car C are complete mirrors of each other (again, this is a highly idealized situation), they would collide with each other going at precisely the same speed but in opposite directions. From conservation of momentum, we know that they must both come to rest. The mass is the same, therefore, the force experienced by car B and car C is identical, and also identical to that acting on the car in case A in the previous example. This explains the force of the collision, but there is a second part of the question: the energy within the collision. Energy Force is a vector quantity while kinetic energy is a scalar quantity, calculated with the formula K 0.5mv2. In the second situation above, each car has kinetic energy K directly before the collision. At the end of the collision, both cars are at rest, and the total kinetic energy of the system is 0. Since these are inelastic collisions, the kinetic energy is not conserved, but total energy is always conserved, so the kinetic energy lost in the collision has to convert into some other form, such as heat, sound, etc. In the first example where only one car is moving, the energy released during the collision is K. In the second example, however, two are cars moving, so the total energy released during the collision is 2K. So the crash in case B is clearly more energetic than the case A crash. From Cars to Particles Consider the major differences between the two situations. At the quantum level of particles, energy and matter can basically swap between states. The physics of a car collision will never, no matter how energetic, emit a completely new car. The car would experience exactly the same force in both cases. The only force that acts on the car is the sudden deceleration from v to 0 velocity in a brief period of time, due to the collision with another object. However, when viewing the total system, the collision in the situation with two cars releases twice as much energy as the collision with a wall. Its louder, hotter, and likely messier. In all likelihood, the cars have fused into each other, pieces flying off in random directions. This is why physicists accelerate particles in a collider to study high-energy physics. The act of colliding two beams of particles is useful because in particle collisions you dont really care about the force of the particles (which you never really measure); you care instead about the energy of the particles. A particle accelerator speeds up particles but does so with a very real speed limitation dictated by the speed of light barrier from Einsteins theory of relativity. To squeeze some extra energy out of the collisions, instead of colliding a beam of near-light-speed particles with a stationary object, its better to collide it with another beam of near-light-speed particles going the opposite direction. From the particles standpoint, they dont so much shatter more, but when the two particles collide, more energy is released. In collisions of particles, this energy can take the form of other particles, and the more energy you pull out of the collision, the more exotic the particles are.
Thursday, February 13, 2020
Philosophy-Licensing Parents Essay Example | Topics and Well Written Essays - 750 words
Philosophy-Licensing Parents - Essay Example The process of licensing individuals would inevitably hassle or perhaps devastate individuals seeking to participate in such an activity. However, LaFollette argues that this is the cost of protecting innocent victims from actions that Frisch classifies into four broad categories: (1) risks arising out of ignorance, (2) risks arising through physical or mental incapacity, (3) risks arising from willful misconduct, and (4) risks arising through negligence or inability to exert self-control over behavior (Frisch, 1981, p. 173). LaFolletteââ¬â¢s case relies on proving two criteria for regulatory licensing: that ââ¬Å"parenting is an activity potentially very harmful to childrenâ⬠and that ââ¬Å"a parent must be competent if he is to avoid harming his childrenâ⬠(LaFollette, 1980, pp. 184-5). These two claims cannot be disproved: they are clear facts, as both LaFollette and Frisch acknowledge. Frisch also acknowledges the strength of LaFolletteââ¬â¢s claim that regulation is ââ¬Å"a fundamental task of any stable societyâ⬠(Frisch, 1981, p. 173). Nevertheless, the dispute originates from whether parenting is analogous to other activities, or if it can be controlled by regulation. It may be that parenting cannot be modified or changed by any amount government control. LaFollette argues the prior restraint of licensing for drivers or physicians is ââ¬Å"not terribly onerousâ⬠but that the ââ¬Å"restricted activity is one which could lead easily to serious harmâ⬠(LaFollette, 1980, p. 189). These are the risks (that could happen) Frisch believes societies undertake licensing to reduce. Frisch proceeds to develop, based on his four categories of risks, a non-arbitrary distinction between parenting and other regulated activities. With respect to ignorance, there is no empirical reason to believe that with more knowledge of parenting (knowledge that can be taught descriptively anyway) parents will be more competent to raise a child in the same way
Saturday, February 1, 2020
Critically analyse how the government debt problems initially faced by Essay
Critically analyse how the government debt problems initially faced by a few relatively small economies could trigger such a wid - Essay Example The issues referring to the economies affected by the crisis shall also be discussed in this paper in order to establish the impact of sovereign debt to the euro financial crisis. This paper is being carried out in order to establish an academic and analytical discussion of the European crisis, linking its causes with its eventual impact on a larger economic region. Body The European crisis significantly impacted on the European financial market. Various elements colluded in order to cause the European crisis, with the crisis more or less unfolding in smaller economies, including Greece, Portugal, and Ireland. The money market was significantly affected by the deterioration in market conditions which started in 2007 (European Central Bank, 2012). The interbank markets are usually subjected to counterparty risk. The collapse of Lehman Brothers in 2008 led to lower confidence in the market, which then caused issues in financial integration (European Central Bank, 2012). Such event trig gered the increase in cross-country dispersion in overnight rates, as well as lower interbank market activity. Although measures to address market tension were implemented by the European Central Bank, the tension re-emerged in 2010 due to pressures in euro government bond markets (European Central Bank, 2012). More remedies were implemented by the ECB which helped improve the money market in the euro area. However, in 2011, more pressures on the euro sovereign bonds caused issues in market integration. Such deterioration also became apparent in the secured financial market. In 2011, the ECB once again introduced remedies to ensure liquidity support for financial institutions (European Central Bank, 2012). Price-based remedies implied deterioration in the integration of the money market, specifically for short maturities. Integration gains which were expected after the bailouts were reversed by the crisis. With longer maturities, the measures of integration seemed to be stable; howe ver in 2011, these measures actually indicated deterioration (Dadush, et.al., 2010). The sovereign bond markets went through significant tension in 2011. During the onset of the financial crisis in 2010, only three smaller countries were severely affected; however, in 2011, the larger countries were soon affected, especially in terms of their bond yields (European Central Bank, 2012). Moreover, market declines in sovereign yields could not be reached with the implementation of fiscal adjustments, as in the case of Ireland. Improvements in the sovereign bond market were evaluated based on simultaneous movements in yields. Europe for the past 2-3 years has been faced with a very serious crisis (European Commission, 2010). The bond market has already been closing to the euro-area countries, and for those who are still open, they are charging high rates of interest for any loans or investments. The increase in bond yields is based on the fact that where investors view more significant r isks associated with their investments in a countryââ¬â¢s bonds, they would also likely need higher returns in compensation for such risks (European Commission, 2009). An unfavourable cycle often ensues from this situation as the demand for higher yields would lead to higher costs in borrowing for the country. This causes financial issues
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