Users Online Now:
GLP Poker Rooms
GiveMeGossip.com - Gossip Forum
Donate To GLP
Back to Forum
Back to Thread
REPLY TO THREAD
THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:RoXY:MV8xNTc4NDI2XzM0Mjc4OTQwXzY1MkMxMDVE] [b]New Turn in the Euro Zone Financial Crisis[/b] By Nick Beams November 03, 2012 The eurozone financial crisis is set to deepen following this week’s release of debt projections for the Greek economy. Budget estimates show that instead of peaking at 167 percent of gross domestic product, as predicted last March when the so-called bailout package was put in place, the debt ratio will hit 189 percent this year, rising to 192 percent in 2014 — well above the worst case scenarios of just eight months ago. With the Greek government expected to effectively run out of money by November 16, the eurozone crisis is certain to be a major issue at the G-20 finance ministers’ meeting beginning in Mexico City on Sunday. The German government’s refusal to make available any more money means that threat of a Greek default and a full-blown financial breakdown is back on the agenda. On the eve of the meeting, German Finance Minister Wolfgang Schäuble insisted that Greece and other highly-indebted members of the eurozone had to continue with austerity programs. In a bid to deflect criticism from other major powers, he said the G-20 should not focus exclusively on the eurozone but should direct attention to the “fiscal cliff” in the US — the massive spending cuts to be initiated after the presidential election — and the mounting debt problems in Japan. “The United States and Japan bear as great a responsibility for (ensuring stability) as we Europeans,” he stated. The latest figures establish that the austerity program of the “troika” — the European Union, the European Central Bank and the International Monetary Fund — has created an economic catastrophe, the like of which has not been seen since the Great Depression of the 1930s. Greek gross domestic product has fallen by a cumulative 21.5 percent since its peak in 2007 and is expected to decline by a further 4.5 percent next year. Such is the extent of the economic contraction that total government revenue from all sources will not even cover the interest rate payments on international loans. If any further “aid” is forthcoming or loan terms are extended, it will be designed to ensure the continued flow of funds to international lenders, but will not alleviate the economic situation in Greece. The Greek catastrophe is only the sharpest expression of a crisis that is spreading through the eurozone. [b]CONTINUE: http://www.globalresearch.ca/a-new-turn-in-the-euro-zone-financial-crisis/5310519[/b] [/quote]
Economic Armageddon and You
Wondering about the American economy? This animated video explains inflation, stagflation, recession and more, all in 5 minutes.
NB: UPDATES AT LAST PAGE
Pictures (click to insert)
Big Round Smilies
Aliens and Space
Friendship & Love
Misc Small Smilies
View All Categories
Next Page >>
This Is The World’s Most Amazing Clock, It’s Movement Is Completely Mesmerizing
Researchers Just Made Batteries From Mushrooms… And They’re Surprisingly Good‏
ISIS issues a grave warning to America: We have scores of "trained soldiers" positioned in 15 states and we're ready to attack.
Top Scientist Resigns Admitting Global Warming Is A Big Scam
The UN’s Disturbing Vision Of The Future Of The Internet
VIDEO: Did A UFO Shoot Down The Russian Meteor?
VIDEO: McDonalds – The Ten Most Disgusting Things Found In Its Food
Amazon Indians Say Earth Has A Subterranean World Underground
KID TAKES OUT STEP DAD HITTING MOTHER (VIDEO)
A 10 Pound “Miracle” Fruit That Smells Like Rotting Onions and Tastes Like Pulled Pork Could Save Millions From Starvation
Experts Warn Of New Facebook 'Dislike Button' Scam
NASA To Reveal 'Major Science Finding' On Mars
Pope Francis: I'm Not A Liberal, My Doctrine Is The Doctrine Of The Church
Proposed Bill Would Cease Pay For Lawmakers During Government Shutdown
Pope Claims Jesus Failed On The Cross
Something Did Happen in September
North Atlantic 'Cold Blob' a Reason for Concern, Scientists Say
While Your Attention was Focused on the Pope, Obama Did This
Daily 2 Cents: Liquid Water Found On Mars -- 'Praying Mantis Being' Encounter -- The Joyita Ghost Ship Mystery
The Shemitah that was and the shaking to come - Exclusive: Jonathan Cahn explains key manifestations that have marked 2015
Facebook Sued For Spying On Citizens of Belgium “Like The NSA”
Scientists Make Breakthrough Discovery In Predicting Earthquakes
Susan Sarandon: Pope Francis Will Be Assassinated
Disturbing Report: CERN’s LHC Might Attract Asteroids To Earth
Bio-Warfare: The Man Made Origins Of Ebola And Aids
This Flag Represents The Principle, "Fight For What You Believe In."
This Is The Rebel Flag, "You're Either Free Or You're Not."
Disclaimer / Copyright Info
with questions or comments about this site.
"Godlike Productions" & "GLP" are registered trademarks of Zero Point Ltd. Godlike™
Website Design Copyright © 1999 - 2015 Godlikeproductions.com
Page generated in 0.01s (12 queries)