The Island and the Continent

The Island and the Continent - Elizabeth Christy The Island...

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Elizabeth Christy The Island and the Continent May 21 st 2010 Anastasia Martin Comparative Politics Rasmussen Business College The Island and the Continent I found an article on the recent bailout for Greece and how it is affecting the other countries. It’s actually hurting the euro. Eveyone is coming together to figure out how or what they can do to make sure this financial problem doesn’t get any worse for anyone. I think this is scary for everyone not just Britian and European nations. This is nationwide, it’s like a dominio effect; the United States will eventually feel the after shock from this. Alistair Darling has warned that Europe 's leaders risk "muddling" their way into a major financial meltdown, as they wrestle with the debt crisis that threatens the euro (www.guardian.co.uk). The former chancellor told the BBC this morning that the rush to impose austerity measures risked destroying economic growth across the European Union, and criticised Germany's crackdown on financial speculators as a distraction from the major issues
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(www.guardian.co.uk). His comments came on a day when shares fell again, as investors
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This note was uploaded on 11/02/2011 for the course ECONOMY G123/EC100 taught by Professor Melissa during the Spring '10 term at Rasmussen College.

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The Island and the Continent - Elizabeth Christy The Island...

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