Posts Tagged ‘financial’

European countries that still have economic problems

European countries that still have economic problems

European countries that still have economic problems

The first European Union member state that hit the bottom was Greece. The disastrous situation revealed in Greece crated panic worldwide, some even feared that this could destroy the European Union and the euro currency.

It seems that the prompt response of the European authorities and the huge loan granted to Greece helped a lot. The Greek authorities done their part of the deal and the crisis appeared to fade away. (more…)

Greece’s economic crisis affects European Union

Greece’s economic crisis affects European Union

Greece’s economic crisis affects European Union

The common European currency, Euro was considered a huge success before the world economic crisis. In seven years of trading, Euro that started from $1.12, reached over $1.60. The world crisis hit hard the European currency and things are still looking bad. Although the world is recovering after the huge economic crisis, Euro is still in trouble. This time Greece is the one that pulls the Euro down. (more…)