Home

Greece is capturing the attention of a lot of the world’s financial news. Greece, however, is not alone. At least thirty other countries are in similar situations, some for years. More than 10% of the world’s countries are in some stage of dramatic debt crisis. Most of them, however, don’t receive the same level of attention. Greece gets the attention because it is large, old, and in the European Union. The issue isn’t that Greece has a problem, but whether Europe and the rest of the rich world will encounter difficulties. In the meantime, millions live in dysfunctional economies suggesting that the conventional economies are not a panacea. Unfortunately, no nation-wide alternative has been enacted. (Though, some are trying, like in Iceland.)

(Click on the photo for the link.)

“Beyond Greece, The World Is Filled With Debt Crises” – Guardian

Advertisements

One thought on “Greece In Only One Of Many

  1. Pingback: Data That Matters July 2015 | Pretending Not To Panic

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s