Friday, February 03, 2012

Why everyone should worry about Greece [via The Economist]

SHOOT: Perhaps the clamour about Greece has faded into a vague cliche by now, something to do with the words debt, default, Euro and currency. Sounds pretty harmless right? The Economist doesn't think so, hence the number of covers dedicated to a serious, and worsening financial mess in Europe. For reference, the European bloc of countries represents the world's largest trading bloc, it's GDP exceeds the USA. If the Euro fails, the world financial system collapses. It's that simple, and that terrible, and thus far, only platitudes are being used to defend against the rising tide of financial apocalypse.

May 1st 2010 The Greek debt crisis is spreading. Europe needs a bolder, broader solution—and quickly
 July 10th 2010 Yes: the European Union will thrive if its leaders seize the moment in the same way they did 20 years ago
 November 20th 2010 Ireland’s woes are largely of its own making but German bungling has made matters worse

1 comment:

Anonymous said...

So good topic really i like any post talking about Ancient Greece but i want to say thing to u Ancient Greece not that only ... you can see in Ancient Greece The Trial of Socrates (399 BC) and more , you shall search in Google and Wikipedia about that .... thanks a gain ,,,