Tag: Economic downfall
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As Predicted: Unrest Flares on Streets of Athens
BY ALKMAN GRANITSAS, ANDREA THOMAS AND NEKTARIA STAMOULI ATHENS—Clashes broke out in central Athens Friday as Greece’s major unions launched a 48-hour nationwide strike to protest new austerity measures demanded by the country’s creditors, adding to social tension in a country now in its fifth year of economic recession. Hundreds of hooded youths in the…
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The 2007economic crisis aftershock
With the consequences of the last global economic crisis showing little sign of ending, Greece beginning to default on its debt, stock markets remaining volatile, food and energy prices continuing to rise and the real estate bubble about to burst in China, threatening to plunge the world into further chaos, the Next Global Financial Meltdown…
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Toward a new Worldwide Economic Crisis
For years, the successive governments of Greece like many others governments of the world today, have been spending money they didn’t have. As a result, the country ran up a massive deficit, reaching an estimated 13.6% by 2010. To deal with it, Greece started to misreport its official financial statistics and actually paid hundreds of…
J. Michael Dennis ll.l., ll.m. Live 