Unit 2 12.4B Greece and spain economy
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Six years for Greek economy to return to pre-crisis levels: PM - South China Morning Post

Six years for Greek economy to return to pre-crisis levels: PM - South China Morning Post | Unit 2 12.4B Greece and spain economy | Scoop.it
Six years for Greek economy to return to pre-crisis levels: PM
South China Morning Post
The Greek economy is “back on track” but is likely to need another six years to return to pre-crisis levels, Prime Minister Antonis Samaras said Monday.
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All it Will Take is a Spark to Set the Debt Crisis on Fire: Could Canada be that Spark? | David Hague | Safehaven.com

All it Will Take is a Spark to Set the Debt Crisis on Fire: Could Canada be that Spark? | David Hague | Safehaven.com | Unit 2 12.4B Greece and spain economy | Scoop.it

by David Hague:

 

"Why would the ECB care about Canada?


"Gustavo sounded desperate, "David I need your help, I have just been handed a top secret report that expresses deep concern about Canada's financial stability. The report indicates that Canada could default on its debt and trigger a global meltdown in the world's debt markets". I laughed and asked Gustavo how much wine he had consumed with breakfast." He was not amused. "I am serious David; this report indicates that Canada is on the edge of the abyss and ready to step off. I need you to do some research for me and help disprove this report." Gustavo, why does the ECB care about Canada, isn't that a little out of your purview. Shouldn't you be worrying about Greece, Italy, Spain and France?" "David, if Canada's economy has a meltdown and its debt becomes a problem, it will trigger a domino effect around the world. Canada's meltdown would be catastrophic to the global debt markets. Europe would be dragged into the abyss. ..."

 

click through for the full read.


Via Hal
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