One of their plans was to provide a giant bailout

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were looking at solutions to help the country get out of this economic crisis. One of their plans was to provide a giant bailout package for Greece. This proposed bailout package would help the Greeks come out of their current economic crisis and hopefully have them back in a normal economic state. In theory, a bailout plan seems to be a viable plan, but is it really the best choice? If you look at who’s paying for this bailout package, it’s the other countries in the European Union and the taxpayers of those countries. I, along with many others, see bailouts as only a short-term solution to an economic crisis. A bailout package wouldn’t prevent a government from making the same mistakes in the future. There needs to be a method of closely monitoring the actions of a country to ensure that a situation like this never repeats itself. This economic crisis left a devastating blow to Greece and its citizens. The country is in a huge hole that they have to work hard at to get themselves out. I hope to see the country reach its former state once again, with a thriving economy. However, there is still much work to do and so many questions to answer. While the government is trying to find the solutions to these questions, every passing day people continue to suffer from the consequences of the economic crisis, struggling to survive and hoping to soon come out of their misery.
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  • Fall '07
  • BLAND
  • European Union, Subprime mortgage crisis, economic crisis, Bailout

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