Analysts wary of Greece’s debt crisis plan
A group of financial analysts in the United States have announced that the US economy is on a sustainable path to recovery, but it will take some time before unemployment figures return back to normal.
In Greece, however, financial woes have been causing a great deal of concern across the eurozen because the country is suffering from a budget deficit that is four times the EU limit.
The European Commission can impose fines on Athens, but such a step could only worsen Greece’s financial problems.
In an ambitious effort to reduce their debt, the country has submitted a plan to the commission that promises to tackle their debt downgrade with spending cuts over a three-year period.
Al Jazeera’s Barnaby Phillips reports from the Greek capital where analysts are sceptical that plans will succeed.
Jan 15, 2010
Duration : 0:2:33
Project title that involves the debt crisis?
I am planning to go to university in 2011 to attend a course on international accounting. However at college I have the option to do an extended project to gain more UCAS points. The problem is I have no idea what to do it on. I was thinking of something to do with banking and maybe the debt crisis but if you guys have any ideas i would love you to send them
Thank you
You could do it on different companies that went out of business and other companies that are still in business in the same genre. And explain why the other companies failed and the others ones are still operating. Or you cold do it on all of the government bail outs with the car dealers or banks. Hope this helps!
How is the current financial crisis affecting the American citizens?
How is the current financial crisis affecting the American citizens?\
Include details please.
Answer much appreciated..
The current financial crisis is affecting the American citizens in many ways. For example, the american citizens are not buying decorative & fancy items now. Because they are concentrating on the basic needs. If you need 50 dollars weekly & if you get around 45 dollars what will you do? The American citizens are doing the same now. Even America has been a big economifallenngth for the world, but now they are not at a position to be as strong enough. Because weakness makes negative on mind. Does not matter it is temporary or long term. So, now American citizens are thinking themself weaker than before.
Why are People Blaming Bush for the Economic Collapse?
Why are people this misinformed about the economic collapse. Bush with the help of congress put this country in debt but that is all he did.
The Housing Market Collapse was the cause of the economic collapse. The housing market collapse can be traced back to Clinton. Clinton had the banks provide mortgages and loans to people with bad credit.
Didn’t Bush try to put regulation back into Fannie Mae and Freddy Mac but was denied by House Democrats? Multiple times.
It is true. Many things a President has to deal with is from the previous President.
Just like Obama has to finish up both Wars that Bush started.
Bisquedog
… The National Debt didn’t cause the economic collapse. I guess you can’t remember but this country was in debt for over 40 years and was no where near this.
DIppity dipshit…
Can you say Halliburton doesn’t determine the price of oil. OPEC determines the price of Middle Eastern Oil…
Big Bob… Could you not read the title.. I guess you are illiterate fucking idiot.
It happened on his watch. He had 6 years of Republican majority in the Congress. Seems to me he could have done something.
Wilbur Ross Discusses Greek Financial Crisis, IMF Aid: Video
April 8 (Bloomberg) — Billionaire investor Wilbur Ross, chairman and chief executive officer of WL Ross & Co., talks with Bloomberg Television about the Greek financial crisis. (This report is an excerpt from the full interview. Source: Bloomberg)
Duration : 0:0:37
Why do EU countries lend Greece money, when Greece has an debt crisis?
The debt crisis is that Greece has been borrowing money and not paying back, in fact paying Goldman Sachs to hide their actual transactions with other countries and this was discovered, this year. So why continue lending Greece more money? Doesn’t this mean that EU is lending Greece money so that Greece can pay them back? This is like a vicious circle, if I got it right?
nosdda, they’re so selfish to think that, a devalued euro would help them in their trade activities.
EU need to help its poorest members Romania, Bulgaria and Greece