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Greece’s may go bankrupt [2]

论文作者:英语论文网论文属性:作业 Assignment登出时间:2012-06-14编辑:Sam xu点击率:6709

论文字数:2000论文编号:org201206142240448118语种:英语 English地区:美国价格:$ 22

关键词:美国本科课程作业economyfinance

摘要:留学生论文代写 The collapse of Lehman Brothers heralded a frightening period for the world economy in three years ago (Economist 2010). It is means the financial crisis has entered a new and far more serious phase.

ptcy and political unrest, turmoil, but also threaten the other country. But why would a state of bankruptcy, such an important thing, should we make of it? Let's do some analysis.
From 2008 to today, just three years: the overall economic recovery in 2009, 2010 debt crisis intensified in Europe, 2011 explosion of U.S. debt facing the top. 2012, do not guess you know: The real tragedy is not staged, reducing expenses and tax increases once the behavior begins, the economy seems like a balloon being punctured and good momentum suddenly vanished. December 8, 2009, Fitch Ratings Ltd. will be Greece's sovereign credit rating from "A-"down to "BBB +", December 16, 2009, Standard & Poor's rating agency also announced that the country's sovereign credit rating from "A-" lowered to "BBB +". Today, the three major rating companies; Moody's has not only reduced the Greek rating. So, the Greek economy how exactly is a kind of situation?( Helena Smith 2009)
In the second international rating company lowered its credit rating, the Greek finance minister said that Greece is indeed very serious financial situation. March 2010, the Government plans to conduct a thorough reform of the tax system: expanding the tax base, increasing revenue, and cracking down on tax evasion phenomenon. However, for other euro zone countries will help Greece out of the predicament of the “sensitive issue", the Greek minister said the other euro zone countries are to adopt a "wait and see attitude.” (Wikipedia Economy of Greece 2011)  More importantly, the program is hard to say any one is the "ultimate”, to solve the debt crisis the need for long hard work. At present, the parties’ goal is to promote the orderly conduct of the Greek default; otherwise the consequences could be disastrous. I support tax increases for the behavior appears to be so reasonable, “Right" is always temporary, and no one stupid enough to choose the wrong strategy. When the United States, Japan, the same politicians smart enough at the moment, whether rulers or the general public, are not opposed to reducing debt, this decision seems "both sensible and reasonable." However, this is destined to be a new beginning of a tragedy, not the end. Many people think that "Lehman" and "Greek events" have many similarities, and then come to the derivation is, "We have entered a new crisis." History is always strikingly similar, but not simply repeat .In my opinion, "similarity" can assist observation, but cannot give judgments as a fundamental basis.


References:
[ 1 ] Helena Smith “Financial markets tumble after Fitch downgrades Greece's credit rating”<https://www.guardian.co.uk/world/2009/dec/08/greece-credit-rating-lowest-eurozone>
[2] Wikipedia Economy of Greece 2011
<https://en.wikipedia.org/wiki/Economy_of_Greece>
[3] Lisa Bryant “Greek Debt Crisis Affects Europe, World Economy” February 26, 2010
<https://www.voanews.com/english/news/europe/Greek-Debt-Crisis-Affects-Europe-World-Economy-85493662.html>
[4] Anonymous “Greece VOA Breaking News”
[5]The world situation “Greece bankruptcy - The EU's first piece of "domino"
<https://www.emergingrealityconsulting.com/blog/1-recent-news/9-greece-teetering-on-bankruptcy-first-domino-may-fall.html>
[6] Anonymous “Shanghai Taxation Introduction to the Canadian budget practices”.
[7] Economic history of institutional change
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