ANALYSIS, COMMENTS, THOUGHTS, AND OTHER OBSERVATIONS IN DR. SKOSPLES' NATIONAL INCOME AND BUSINESS CYCLES COURSE AT OHIO WESLEYAN UNIVERSITY
Wednesday, February 10, 2010
France, Germany Weigh Rescue Plan for Greece
This article goes over the possibility of the EU (mainly France and Germany) lending a hand to Greece in-order to repay some of their national debt. Greece's debt last year was around 13% of GDP and the S&P down graded their credit rating in December and world markets have been in a frenzy over concerns about the countries debt. It would be interesting to see the reaction from countries outside of the EU if Greece is bailed out and whether or not a one-time bailout for Greece would be enough. The article mentions that there was public outrage from the announcement of cuts in government spending (on public service wages).
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