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Is it all over for Greece in the EU?

Robert Peston crunches the numbers as finance ministers meet for vital loan talks.

Via Seth Dixon, ApocalypseSurvival
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Seth Dixon's curator insight, February 22, 2015 9:58 PM

This audio clip shows how the Greek economic crisis is an issue on the national, regional, and global scales.  This BBC video and article also provide some nice context, asking the question, what would happen in Greece quits the Euro? 


Tags: Greece, Europe, supranationalism, currency, economic, podcast

Norka McAlister's curator insight, February 28, 2015 6:50 PM

If Greece decides to no longer be a part of the United Nations (UN), this will ultimately have a significant impact on Europe’s Union economy. The impact will affect not only Greece as country but also to all members of the UN. In addition to this enormous problem, it will be hard to keep together all countries if Greece goes because as we know certain countries as a Spain, Portugal, Italy and even France are also facing economic issues. Success depends largely on UN giving consent for the members of the organization. The downfall in this disagreement will weaken the economies of the European Union as a whole. On the other hand, cheap currency will create new opportunities and be beneficial for tourists.

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What if Greece quits the euro?

What if Greece quits the euro? | ApocalypseSurvival | Scoop.it
A Greek exit from the euro has become a bomb fizzling at the heart of the eurozone. What could happen if it explodes?

Via Seth Dixon
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Lauren Stahowiak's curator insight, February 27, 2014 5:05 PM

Money controls everything. Because parliament has to make some budget cuts, money must be spent elsewhere. Because of this, Greece leaving the euro could lead to a downward spiral including a sovereign debt crisis, a recession and political backlash. Should Greece keep the euro?

Nathan Chasse's curator insight, March 17, 2014 8:02 AM

This article explains eight possible outcomes of Greece leaving the Euro Zone. None of them favorable for Europe, except maybe the UK which could possibly borrow more cheaply. For the rest of Europe, the results are either increased burdens for the more economically strong EZ nations like Germany, or a domino effect which accelerates the decline of the struggling economies of countries like Italy and Spain.

Hector Alonzo's curator insight, November 2, 2014 8:09 PM

If Greek were to quit/ be forced out of the Euro, according to this article, would not bode well for the country. As the graph suggests, Greece would experience multiple consequences if their vote fail then Greece will possibly suffer a government shutdown due to the debt they find themselves in.