EU_finance_crisis11
- 최초 등록일
- 2011.07.06
- 최종 저작일
- 2011.03
- 2페이지/ 한컴오피스
- 가격 1,000원
소개글
English Essay
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본문내용
The Solution for the Financial Crisis
Recently, the EU(European Union) has drawn attention to the financial crisis especially in Greece. A couple of weeks ago, Greece announced their request for financial aid from the IMF(International Monetary Fund) and ECB(Europe Central Bank) to avoid defaulting on their loan. Greece has had a lot of debt, which are about 20% of their GDP(Gross Domestic Product). That proportion is much higher than other advanced countries such as United Kingdom, Germany and France. Because their loan expires soon, and they don`t have the ability to pay it back.
In addition, economists and finance professors all over the world are focusing on PIIGS (Portugal, Italy, Ireland, Greek and Spain) countries. Because they are also expected to default on their loans.
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