The Champs Voice
  • The Champs Voice
  • Movie Reviews
  • More from the web
  • Other Voices
  • Ask The Champ
  • About

Europe's Economic War

6/7/2015

0 Comments

 
With Greece all set to exit the Euro its worth considering the fallout which is about to ensue. Many feel like Greece is being held at ransom, with an exit of the Euro signalling a break in economic ties and ultimately an exit from the European Union. But with over €140bn owed to Europe the big question is how will the euro powers react to a left wing government who may default on a debt that is set to sting Greece for generations.

Greece may feel like this is the best time to walk, advocates pointing to Iceland as a country that recovered from a debt crisis by building new foundations, but with adverse poverty setting in and a poor social welfare system to support the people who are struggling the most it’s not beyond reason to consider that Greece may face a humanitarian crisis.

Further still if the debt remains unpaid and Greece exit Europe, trading may proof extremely difficult for the new government, with little money coming from outside the country to support a new economy and with little hope of raising money for the exchequer on the bond market, Greece is likely to struggle for some time.

To compound matters further the euro powers may even impose tougher trading sanctions as a result of the default, which would impede growth even further and leave Greece looking like a European Cuba. 

Picture
0 Comments

    The Champ's Voice

    www.facebook.com/thechampsvoice

    www.twitter.com/thechampsvoice


    www.instagram.com/thechampsvoice

    Categories

    All
    Abortion
    Advertising
    America
    Art
    Ask The Champ
    Border
    Cancer
    Children
    Christmas
    Church
    Comedy
    Dating
    Drinking
    Drugs
    Education
    Entertainment
    Equal Rights
    Europe
    Feminism
    Film
    Government
    Health
    History
    Housing
    Human Rights
    Ireland
    Letter
    Media
    Music
    Netflix
    Relationships
    Religion
    Social Media
    Society
    Sport
    Tax
    Twitter

    Archives

    August 2022
    May 2022
    November 2021
    May 2021
    April 2021
    March 2021
    November 2020
    October 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    August 2018
    July 2018
    June 2018
    May 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    May 2017
    March 2017
    February 2017
    January 2017
    November 2016
    October 2016
    September 2016
    June 2016
    May 2016
    March 2016
    February 2016
    November 2015
    October 2015
    July 2015
    May 2015
    March 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014

    RSS Feed

    RSS Feed

      Get even more TCV by e-mail

    Subscribe to Newsletter
    Follow @TheChampsVoice
Powered by Create your own unique website with customizable templates.