This is an interesting issue - read this article and share your ideas about this issue - Greece is in some economic trouble - How will this issue effect the European Union and could this issue effect the U.S. economy?
This issue should be a concern to the european union, and the U.S economy. If these riots dont stop there might be conflict started that will effect europe and the U.S. The more debt they get in the more in debt everyone becomes.
This economic trouble isn't trouble its a disaster because if Greece falls then Europe will too and if that happens they will call on the loans and with that America will enter another depression even worse than the 1920. also I think it would make the world want to start over
The Greeks are in a bad situation. There debt is bigger than their economy can handle and they having a higher debt increase than what they can produce so they wont be able to get out of it on their own without changes. Greece is a largely socialist nation and because of that, people are less efficient because they have no need to be efficient. The European Union already tried to bailout Greece before but that didn't work. The EU is worried that this deficit will spread to other European nations and greatly hurt their reputation and credit with investors and current investors are loosing their money. Also, if the Europeans are using more money to help bailout Greece, they have less money to use to buy US goods making us loose money and hurt our economy.
This issue should be a concern to the european union, and the U.S economy. If these riots dont stop there might be conflict started that will effect europe and the U.S. The more debt they get in the more in debt everyone becomes.
ReplyDeleteThis economic trouble isn't trouble its a disaster because if Greece falls then Europe will too and if that happens they will call on the loans and with that America will enter another depression even worse than the 1920. also I think it would make the world want to start over
ReplyDeleteThe Greeks are in a bad situation. There debt is bigger than their economy can handle and they having a higher debt increase than what they can produce so they wont be able to get out of it on their own without changes. Greece is a largely socialist nation and because of that, people are less efficient because they have no need to be efficient. The European Union already tried to bailout Greece before but that didn't work. The EU is worried that this deficit will spread to other European nations and greatly hurt their reputation and credit with investors and current investors are loosing their money. Also, if the Europeans are using more money to help bailout Greece, they have less money to use to buy US goods making us loose money and hurt our economy.
ReplyDelete