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In a surprising move, President Obama proposed during the State of the Union address to increasing the federal minimum wage to $9 an hour.
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This made many people ask the question "how many countries have minimum wages?" Nearly all countries in the world have a minimum wage or a partial minimum wage.
A Greek exit from the euro has become a bomb fizzling at the heart of the eurozone. What could happen if it explodes?
So what if Greece leaves the euro? Heres some of what could happen. It could cause political backlash from Germany that could cause them to not provide the bailout needed by Italy and Spain. If Greece were to leave the Euro, Greek buisness would move to the new currency while all foreign buisness would remian in Euros ulitmately leading them into bankruptcuies. This change would also lead to a massive recession felt all throught Greece.
This is really interesting. When I was learning about this I realized that Greece is pretty much screwed no matter what they do. However, if they leave it will hurt more countries than if they just stick to the euro.