Greece And Their Ongoing Financial Crisis Today's Essay

PAGES
2
WORDS
652
Cite

¶ … Greece and Their Ongoing Financial Crisis Today's financial crisis has spread way beyond America's borders. Many nations across the globe have found themselves in deep financial hot water. Even the European Union, which was showing such a strong economy, is beginning to unravel. Eurozone countries like Greece are now on the brink of collapse, and so their financial woes are hurting the overall value of the Euro and the state of the European Union itself.

The article by Kyriakidou and Georgiopoulos examines the ongoing crisis within Greece over its failing economy. Prime Minister Antonis Samaras has pledged to do everything in his power to keep the country in the Eurozone, which means that Greece will continue to use the Euro and be involved in the European Union financial environment. This decision comes with a promise to meet all target goals set out in the bail out program that is providing Greece with 130 billion...

...

Still, the Prime Minister is expressing some bad news in that Greece will not be able to meet target goals for this bail out in the time set out originally when the bail out was created. Essentially, repayment on such a short time period will only continue to keep Greece in a tumultuous financial state, says the Greek Prime Minister. Samaras did generate his own plan for economic recovery and growth in order to help smooth over the fact that Greece will not be able to repay the loans on time as previously thought. He wants to make the country easier to work with foreign investments and to increase tax measures on a viable scale that would not harm the Greek citizens too much. Still, his plans will not be able to begin repayment for the bailout on time, and he is begging for more time in order to keep the country afloat.
This message comes only weeks after June 17 elections voted to…

Sources Used in Documents:

References

Kyriakidou, Dina & Georgiopoulos, George. (2012). Greece bailout targets difficult to reach in current timeline, Prime Minister says. Huffington Post. Web. http://www.huffingtonpost.com/2012/07/06/greece-bailout-targets_n_1654616.html


Cite this Document:

"Greece And Their Ongoing Financial Crisis Today's" (2012, July 07) Retrieved April 24, 2024, from
https://www.paperdue.com/essay/greece-and-their-ongoing-financial-crisis-80958

"Greece And Their Ongoing Financial Crisis Today's" 07 July 2012. Web.24 April. 2024. <
https://www.paperdue.com/essay/greece-and-their-ongoing-financial-crisis-80958>

"Greece And Their Ongoing Financial Crisis Today's", 07 July 2012, Accessed.24 April. 2024,
https://www.paperdue.com/essay/greece-and-their-ongoing-financial-crisis-80958

Related Documents

Financial Crisis The American banking system was in crisis from late 2007 through to early 2009. The subprime mortgage crisis had left many banks with large amounts of so-called "toxic assets" on their books, mainly in the form of subprime mortgages and mortgage-backed securities that were now under water. The mortgage-backed securities were one of the biggest problems, because they were presented as being of investment grade, which did not align

Greek Crisis
PAGES 7 WORDS 2337

Greece Bailout Roadmap The Greek government has faced an ongoing fiscal crisis for the past several years. Recently, for the third time, its Eurozone partners have been compelled to offer a bailout to the country. This is done to stabilize Greece's finances and to impose further measures on the Greek government to remedy the nation's budget and to ensure that there are no similar issues in future. The first part of the

2091). Today, the European Union is an international organization comprised of 25 European countries that governs common economic, social, and security policies. While it was originally restricted solely to the nations of Western Europe, the EU has since expanded to include several central and eastern European countries (Gabel, 2006). The countries of the EU today are, in alphabetical order, Austria, Belgium, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary,

A favorite target for conspiracists today as well as in the past, a group of European intellectuals created the Order of the Illuminati in May 1776, in Bavaria, Germany, under the leadership of Adam Weishaupt (Atkins, 2002). In this regard, Stewart (2002) reports that, "The 'great' conspiracy organized in the last half of the eighteenth century through the efforts of a number of secret societies that were striving for

These companies are getting bigger and bigger. Some companies have such huge assets all over the world that they are worth more than many small countries. If you compare the GDP of many countries, you can see that the GDP is even less than the earnings of those big companies (Disadvantages of globalization, 2012). The governments do not have the power to stop the multinational companies from closing a factory

INVESTMENT PROJECT (OVERVIEW): As part, analyze performance potential industry BEVERAGE INVESTMENT PROJECT (DETAILS): Assignment: You analyze beverage industry companies coca cola,(KO) monster (MNST) . Assess industry performance years assess expected future performance, , years. Investment project The modern day business environment is continually challenged by emergent threats from both within and outside its immediate environment. In other words, the micro and macro environments of economic agents raise both opportunities and threats, to