Friday, April 30, 2010

Greece

Greece's failing economy is going to affect all of Europe and the world. The EU will be affected negatively because the value of the Euro is going down making everything more expensive. It makes sense that Germany does not want to bail them out because they don't think it will be worth while. This is a terrible event for EU and the people of Greece but in ways it's helping America's economy because this crisis is raising the value of the dollar which will benefit us. Overall, this event is putting a huge stress on the EU but helping raise the value of the American dollar.

No comments:

Post a Comment