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September 10, 2012 11:57
The debt crisis in Europe is nothing new in global news or contemporary financial literature. However, so little is understood about the crisis that the average ‘Joe’ is unlikely to appreciate how the crisis affects him or her. The financial terms and legal jargon associated with this issue are often confusing and make it even harder for the ordinary person to get a grasp on exactly what is going on in Europe. This is where I come in. I am here to break it down to you as much as possible so that we are all in the loop. Let’s begin with what the European financial crisis actually is, how it came about and then move on to its global impact. The European debt crisis is the inability by some member states of the European Union (EU) to pay up their de...
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