Currently, Greece is in serious debt. This comes from the speedy fixes that happened in their government, and although the government is in a much better place now and runs more smoothly there are certain fears that start at Greece and spread throughout Europe. The most basic one: the level of resources that Greeks can transfer. This issue is more obvious for Europe but it will affect all if it gets out of hands. People will start having more fear with investing and all kinds of purchases and wanting to hang on tight to their money. If the economy was more every man for himself this would not be a problem. However, as you know that is not how it works, our global economy is all about global demand and deflationary pressures.
If there is not a effective solution for the debt, and a plan put in action for assisting people to have a balance between financing and adjustment the global economy will become fragmented. Not just in Greece but everywhere Capital flows may dry up and people will try to protect what they have in an illegal matter benefiting only themselves and the whole.
Greece is a great example of how globalization works with every country. With so much trade, imports and exports between countries if one starts to fall there seems to have a domino effect. This obviously affects male and female and all types of families.
So in conclusion, even though Greece is trying to make a speedy government recovery speedy might not be the best option and they are trying to stay focused on how they can keep the level of Greek resources up.
All my information referenced at: https://www.cigionline.org/blogs/new-age-of-uncertainty/g4-greece-globalization-global-governance
If there is not a effective solution for the debt, and a plan put in action for assisting people to have a balance between financing and adjustment the global economy will become fragmented. Not just in Greece but everywhere Capital flows may dry up and people will try to protect what they have in an illegal matter benefiting only themselves and the whole.
Greece is a great example of how globalization works with every country. With so much trade, imports and exports between countries if one starts to fall there seems to have a domino effect. This obviously affects male and female and all types of families.
So in conclusion, even though Greece is trying to make a speedy government recovery speedy might not be the best option and they are trying to stay focused on how they can keep the level of Greek resources up.
All my information referenced at: https://www.cigionline.org/blogs/new-age-of-uncertainty/g4-greece-globalization-global-governance