Globalization Study Greece Economic Crisis Essay Example for Free

Globalization Study Greece Economic Crisis Essay However, besides Greece, there are other European countries also belonging to European Union; face a similar problem, such as Portugal, Ireland, Italy and Spain. Therefore, Greece’s debt crisis also triggers a European crisis. As the three companies lowered Greece’s credit rating the cost of their debt was on an upward trend. Consequently, Greece initiated an austerity program, the austerity measure resulted mass demonstrations. Background It all started in 2001, when Greece joined the European Union, Greece’s deficit at the time was higher than 3%, the standard of European Union. An American company named Goldman Sachs â€Å"helped Greek government to mask the true extent of its deficit with the help of a derivatives deal that legally circumvented the EU Maastricht deficit rules. At some point the so-called cross currency swaps will mature, and swell the countrys already bloated deficit. †(http://translate. google. com/? sl=en#en/zh-CN/) In comparison to other EU countries, Greece’s economic situation was relatively weak. Tourism being the main source of income for Greece was affected by the global economic crisis in 2007 which reduced the number of tourists form all over the world. This had a strong impact on Greece, as their imports were higher than exports; it caused the outflow of capital. Other factors that added to their crisis were high government spending, tax evasion and corruption. The bailout from European Union European Union and IMF provide 110bn Euros for the first bailout and 130bn Euros for the second bailout to help Greek government pay its creditors. At the same time, the vast majority of Greece’s private-sector creditors agreed to wipe off some of the debts, and also agreed to lower the present interest but this was not enough for Greece. Consequence of Greece’s economy -Austerity measure Increase of taxes, decrease wages What should Greece do in order to change its situation? Greece should implement budget cuts, higher taxes, improve labor market, lower pension reform. What can European Union do in order to protect Eurozone ST-GREEK : Similar to ST-stock (special treatment stock is a stock continues to have a loss for three years and has a risk to leave stock market) For example, European Union can give Greece some special treatment such as: 5% of financial deficits and fewer than 90% of public debt to gross domestic product; change the name of Greece in EU to ST-Greek; Audit Greece’s expenditure twice a year. European Union can also do same thing to Portugal, Italy, Ireland ; Spain. Hidden International Competition. The speed development of capitalist economies after World War 2 resulted between control and anti-control of America and Europe. The frequent trade between European countries helped economic union. U. S and Soviet Union’s situation had threatened the development of European countries. It was impossible for any single country to deal with that kind of threat, unless they stay together. That’s why the EU was formed. It was not a big deal for America at first, until EU had mentioned Eurozone. It suffered a drastic disagreement from London’s financial hub as it threatened the position of the U. S dollar. To split EU they supported the eastward enlargement of EU. When Germany and France succeeded, they already lost the advantage of EU. There’s a big economic difference between east Europe and west Europe and they were not trading frequently. If wolves stare at the most weak sheep, the sheep’s result is certain. Surely, wolves can not be satisfied for just one sheep, they wanted to eat all of the sheep, but a smart wolf would give sheep a chance to breed. After Greece, Portugal, Italy, Ireland and Spain may have risk of being eaten by the wolf. So, France and Germany face a difficult problem, if they help Greece, their citizens are not happy and the countries they help are not grateful for their bailout, they keep asking for more. If they don’t help those countries, they will leave EU subsequently making EU weaker. So, we can fairly say that it is the main purpose of London’s financial hub to make the dollar’s situation safe now as it will be a long time before EU can challenge the US dollar. In my opinion, every great change in this world is controlled by the super powers, to become more powerful they make other countries weak. After Japan, Southeast Asia and Europe, who will be next? The wolf will find different ways to weaken other countries in order to empower themselves. I think the simplest way is to observe what wolf does next. Further global implication and specifically Canada â€Å"Canada and Greece have been enjoying good trade relations for many years. Bilateral merchandise trade reached $256. 3 million in 2011. Canadian exports totaled $88. million, led by furs, vegetables and pharmaceutical products to Greece. Canadian imports from Greece totaled $168. 2 million in 2011, led by preserved food, fats and oil (mainly olive oil) and articles of iron and steel. † (http://www. canadainternational. gc. ca/greece-grece/bilateral_relations_bilaterales/index. aspx? lang=eng) Greece have to control their imports in order to pay for the debt, so their may decrease the import of Bilateral merchandise and furs, vegetables and pharmaceutical from Canada. It will have adverse effect on Canadian economy. http://en. wikipedia. org/wiki/Greek_government-debt_crisis

Symbolism In The Great Gatsby Essay -- essays research papers

Symbolism in The Great Gatsby   Ã‚  Ã‚  Ã‚  Ã‚  F. Scott Fitzgerald, author of The Great Gatsby, uses symbolism throughout the novel to create the characters and events of the post World War I period. Colors are one way symbolism was used to develop the characters’ personalities and set up events. This is shown by colors like the green at the end of Daisy Buchannan’s dock, the color of Jay Gatsby’s car and how Myrtle and Jordan surrounded themselves by white. Other symbolisms used to set up events are the difference in the people of the West Egg and East Egg and the sign in the â€Å"valley of ashes†. Daisy Buchanan has a green light at the end of her of dock on the other side of the bay from Jay Gatsby’s house. The green light represents Jay’s money, jealousy, and the go ahead for Jay Gatsby to get Daisy back from Tom no matter what it takes.. â€Å"Gatsby stretched his arms towards the dark water in a curious way, and as far as I was from him I could have sworn he was trembling. Involuntarily I glanced seaward-and distinguished nothing except a single green light, minute and far away, that might have been the end of the dock† (p25-26). Jay Gatsby thinks that money will make his former lover come back to him. Every one that attends the party is very envious of Jay Gatsby’s money. Gatsby is very jealous of Tom because he is married to Daisy.   Ã‚  Ã‚  Ã‚  Ã‚   Countryman 2 Gatsby bought a gold car to show of his great wealth. He wanted Daisy to see the car, ...

Chemistry and Society Essay

Chemistry is a vast quantity of a person’s everyday life. A person can find chemistry in his or her daily life in the foods that a person eats, air a person breathes, soap, and accurately everything a person comes in contact with. Chemistry is significant in everyday life because chemicals make up everything in life. For example, a person’s body, pet, a desk, the sun, food, and drugs a person may take, to name a few. A person can observe changes in chemistry caused by chemical reactions, such as leaves changing colors, cooking food, and mixing a cleaning product. Knowing chemistry can help a person make day-to-day choices that affect his or her life. For example, if a person should mix certain household chemicals together. Accuracy is the magnitude in which a certain measurement agrees with the standard worth for that measurement (Dictionary, 2011). Precision is how close the measured standards are to each other (Math is fun, 2011). Society depends on accuracy and precision in everyday life. These two relationships are often substituted freely, but both have crucial differences. Businesses entail both accurate and precise measurements to stay in business. Accuracy states that something is constant with an identified rate, whereas precision is the volume of detail something delivers. Society depends on accuracy and precision in many places. One instance is the gas pumps. The gas pump can show accuracy when the gas is flowing, but this is not a precise measurement of how much gas is pumping through the pumps. Gas pumps must not only know how much gas is pumping through the pumps but also how precise the measurement of gas pumped. The gas companies need to know how much is pumped so that the company can charge the right amount for the gas. Sometimes in everyday life a person does not want to be precise. For example, if someone stops and asks for directions to the nearest gas station a person may say that the next gas station is about 10 minutes down the road. Providing directions to someone is a way a person can give accurate information. Another example is, when measuring a room in the house to paint and needing to know how much paint to provide. A person can either measure and provide a precise measurement or provide an accurate measurement on the room to paint. Another precision and accuracy a person may use in every day is how long it takes his or her child to finish the homework. An accurate answer is 20 minutes, but the precise answer would be 20 minutes and 20 seconds. Time is an excellent way to be accurate or precise. References Dictionary.com. (2011). Accuracy. Retrieved November 3, 2011 from http://dictionary.reference.com/browse/accuracy Math is fun. (2011). Accuracy and Precision. Retrieved November 3, 2011 from http://www.mathsisfun.com/accuracy-precision.html

Life Reflected in Nature - 562 Words

For thousands of years man has used the events and beauty of nature to reflect what he feels into words. People use the different seasons to describe their different personalities, or different events in nature to reflect they felt during an event in their own life. Every nature can show beauty, grace, eeriness, or destruction in a sunrise, a gentle spring shower, a dark storm, or a devastating natural disaster. Everyday people are faced with these same experiences through the beauty of a face or the destruction of a fire or car wreck, and everyday writers and artists use the imaginary of nature to express what these experiences make a person feel. Different aspects that nature offers to writing is an imagery, a sense or feeling reflected in nature relatable to most readers, and with these aspects an amazing writers can make a reader feel as though they are actually in the presence of what is taking place. The universal images given freely by nature offer an amazing opportunity for i magery that every reader can relate to in some sense. Imagery is defined by the Merriam-Webster Dictionary as, â€Å"language that causes people to imagine pictures in their mind,† and is extremely important when using nature to relate feelings (Merriam-Webster). When writing poetry imagery can be especially important, more so when poems are using nature to describe a feeling or event. In the poem â€Å"Blackberry Eating† by Galway Kinnell, Kinnell describes the time in late September when blackberriesShow MoreRelatedHow Blake and Wordsworth Respond to Nature in their Poetry Essay771 Words   |  4 PagesHow Blake and Wordsworth Respond to Nature in their Poetry What natural influences did Blake and Wordsworth respond to in their poetry? Blake and Wordsworth were under different influences stemming from their childhood. 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