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Due Saturday50 PointsPlease use a minimum of 400 words for your answer. Be sure to use APA-style citations and references with each answer. You may use required course readings as your sources in your answers to the EQs. but please use two additional outside sources. Click on the assignment title to submit your work.In 2010, Greece received a bailout from the European Union that prevented default on its debt. Conditions of the bailout required laying off much of its public-sector workforce, and allowing multinational companies to operate what were once public-sector programs.However, the crisis is not over, and Greece has continued to be of grave concern to the European Union. Scared of default, Germany continued to look for ways to counter the problems of Greece's debt, and Greece's politicians were looking for ways to counter mounting protests against austerity packages put together by Germany, France, and the International Monetary Fund. Currently, these cuts (known as austerity) are having a dramatically negative affect on the economy, as people are laid off and cannot be consumers, thus further worsening the economy due to lack of consumerism.If Greece defaulted, what would happen to Ireland? or Spain? Thoughts of Italy defaulting on its debt kept global markets in flux. What would Eurozone defaults mean for US economic recovery? Read chapter 12 of your text. What is the European Union? How is that different from the Eurozone?How is their political structure of nations and union different from our structure of states and nation? Next review the following news broadcast.Watch What Greece's Latest Cuts Mean for Workers, EU on PBS. See more from PBS NewsHour.Why are countries like France and Germany so concerned about Greece defaulting?Where did Greece's borrowed money come from that they are having a hard time paying it back?Why were they lent money in the first place? What are the issues with the terms of another bailout from Greece?What are the advantages to having a Eurozone? What are the disadvantages?As a policy maker advising the German president, what would you advise? As a policy maker advising the Greek Parliament, what would you advise?
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  1. mac123
    Tutorial # 00000138 Posted By: mac123 Posted on: 07/28/2013 02:11 PM
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