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Thursday, July 16, 2015

Greece Bailout Plan and The European Union (EU)

by: Psychic August

Will the Greek economy finally recover under the new bailout system proposed for it by the EU?

With the currently newly proposed bail out plan from the European Union for collapsing greek economy, which this time will be accepted by the Greek populace, Greece will finally begin the very long, several years of economic recovery.

The collapse and slow recovery of the Greek economy is affecting all aspects of life in the Greek isles, including their politics as they will favor a more 'socialistic ' approach in the near future,  rather than the unbridled capitalism of the past years,  which has contributed to the collapse of their economy. They still retain their parliament which will undergo a lot of changes in the near future, with lots of people going out, to be replaced by new ones joining in.  Greece will remain to be a part of the European Union in the foreseable future.


2 comments:

  1. Billionaire_Band.ft.kitilarJuly 18, 2015 at 6:24 AM

    EU approves emergency loan to Greece

    The bridging loan allows Greece to clear its debt to the IMF and to repay the ECB while the modalities of a fresh bailout, agreed in principal by European leaders on Monday, is still under negotiation.

    http://www.rappler.com/world/regions/europe/99708-eu-approves-emergency-loan-greece?utm_content=buffera0a79&utm_medium=social&utm_source=facebook.com&utm_campaign=buffer

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  2. Would it be better if they just exit gracefully from the Eurozone? Is their economy big enough to cause an effect to the whole euro economy?

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