Posts Tagged ‘europe’
The Greek Debt Crisis Explained in Four Minutes
In which John explains the Greek debt crisis, which has pushed the Greek government close to defaulting on its loans, the reasons why the Euro zone and the IMF are desperately trying to bail Greece out, and what the rising cost of sovereign debt means for the massive budget deficits throughout the developed world.
Thanks to Karen Kavett at http://www.youtube.com/xperpetualmotion for the illustration.
Debt Chart: http://en.wikipedia.org/wiki/File:US_Federal_Debt_as_Percent_of_GDP_by_President.jpg
Duration : 0:3:49
WAKE UP PEOPLE..
GM bankruptcy sparks job worries in Europe – 01 Jun 09
The decision by General Motors to file for bankruptcy after months of rescue efforts – has sparked reaction in Europe.
While hope has been given to Opel and Vauxhall – General Motors’ European brands, with Canadian company Magna coming to the rescue, the move hasn’t stopped employees worrying about their future.
Nadim Baba reports from London.
Duration : 0:2:7
