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What if Greece quits the euro?

What if Greece quits the euro? | Meagan's Geoography 400 | 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
Meagan Harpin's insight:

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. 

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Kelsey Grill's curator insight, December 3, 2013 12:47 PM

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.

Lauren Stahowiak's curator insight, February 27, 2:05 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, 5:02 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.

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Latin American integration: Peaks and troughs

Latin American integration: Peaks and troughs | Meagan's Geoography 400 | Scoop.it

The financial crisis surrounding the Euro has led many to feel that supranational organizations and regional coalitions are more trouble than they are worth.  The OAS (Organization of American States-which the USA is a part of) may dissolve and the CELAC might be its successor.  The CELAC's (Community of Latin American and Caribbean States) emergence shows that the United States "is declining in a region it once called its 'backyard.'"  Spain is also diminishing in influence among its former colonies are forging new economic and political ties while Mexico and Brazil are exerting more regional influence. 


Via Seth Dixon
Meagan Harpin's insight:

The United States influence is delining in an area it called "its back yard". Along the financial crisis causing this, it has also begun to declin Spains influence in there former colonies as well. I think this could be a good thing as far these areas finally getting out from under other countires control even though they have been free for so long. But it could be bad because know that they are doing things on their own what will they do   

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What America Manufactures

What America Manufactures | Meagan's Geoography 400 | Scoop.it

"It's a myth that the U.S. doesn't make anything anymore."  The U.S. economy still produces more through manufacturing tangible goods ($1.5 trillion) than it does in providing services ($600 billion) for the international market.  The maps and graphs in this article are great teaching materials.  The impact of NAFTA is shown powerfully in the regionalization of U.S. trade partners, making this salient material for a discussion on supranationalism as well.   


Via Seth Dixon
Meagan Harpin's insight:

I will admit this kind of surprised me. For one I didnt know we were selling anything to China much less soybeans. Auto parts to Canada and gold to Europe where equally as surpsing as well. As far as exporting tv shows and movies goes that wasnt surpring with this day and age and everything being online that I can see.   

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Marissa Roy's curator insight, October 15, 2013 7:39 AM

This article and map were very interesting. I like how the article breaks down what is being made and exported in America, because honestly I had no idea, as it seems everyone grumbles that we do not make anything more. Granted, we make a lot less than we have in the past, but we are still manufactoring quite an array of goods and services

Liam Michelsohn's curator insight, December 10, 2013 12:34 PM

In the current ecnomny america is cleary importing more  than its exporting, but suprisingly not by much.  The mos common thing to find on many of todays products, cloths, phones, ect. is made in china , and beacuse of all this its a popular belife that  America doesnt make anything any more, we just buy all of our stuff from china. While this isnt true, america does not produce alot of final produts to distubite world wide. However they do have a large export of goods maily industral supply and capital goods, along with many services that add up to 2.1 trillion dollars. So while we might not be the leading  manufacture for plastic toys or cloths, its  nice to be reminded that we still contibute some things to the global trade community. 

Kenny Dominguez's curator insight, December 11, 2013 4:09 PM


This is great because now we can witness the creation of jobs in the country which can help the country get out of the depression that it is in. it also can help people get jobs and not have to worry about if there unemployment check is going enough to cover there expenses. Also people that are working are less likely to get depressed because they are not trapped in there homes because now they have something that is distracting them. But the United States is seeing a great improvement because of all the things being manufactured here. One good example is the Honda accord power plant and the ford motor company plant and even general motors in Detroit. all of these companies is helping the Americans get back into the workforce.

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Putin calls for 'Eurasian Union'

Putin calls for 'Eurasian Union' | Meagan's Geoography 400 | Scoop.it
Russian PM Vladimir Putin calls for the formation of a "Eurasian Union" of former Soviet republics, but says it will not be like the defunct USSR.

 

Russia's cultural influence over former Soviet Republics is strong, but the desire to strengthen these old ties is deeply embedded into the cultural ethos of Russia.  It is also a key part of Russia's geopolitical strategy for greater international influence and economic strength.

 


Via Seth Dixon
Meagan Harpin's insight:

Putin is calling for a Eurasian Union. He said it would change the political and economical configuration of the continent and have positve global effects. Russia, Belarus and Kazakhstan have already formed an ecomonical allicance and it removes customs barriers. Putin has however denied that he is propsing for the recreation of the Soviet Union.  

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Derek Ethier's comment, October 17, 2012 10:20 PM
Russia's will to start a Eurasian Union seems to be a ploy to recreate a neo-Soviet administration obviously dominated by Russia. Millions of Russians live in these satellite nations so it will be more than easy for Russia to spread its influence and dominate this union. It would also be a bad decision for some of these nations to join in a union with Russia. Some nations, such as Azerbaijan, are rich in oil reserves, and a union with Russia could be detrimental to their development.
Al Picozzi's curator insight, October 13, 2013 7:16 AM

So is this just to compete with NAFTA and the EU on an economic level?  Or is this to compete with the EU on economic, political and military level, much like the EU's EuroCorps?  Putin states thie is not a return to the USSR, but Russia has always been weary with the growing of NATO and the EU on its borders.  How about if Turkey gets int the EU right on the Russian border?  This action might move thie bloc creation even more forward and Putin might become more forceful to its creation.  No that former KGB member Putin is foreful.

Paige McClatchy's curator insight, October 17, 2013 5:26 PM

It is more than understandable that former Soviet satelite states are weary of any kind of union with Russia. However, some sort of treaty could benefit the block, particularly an arangement like the one already held between Russia, Belarus, and Kahzakstan. An agreement that would ease travel between the two countries appears to have little downside.