Kabir-Sasural Kabir ka-Slambook 3

First Previous

Page

112

Next Last

Frequent Posters

maniwood

@maniwood

Rocker

Posted: 10 years ago

#161

Originally posted by: Shwets1502
What's wrong with you guys? Just 22 pages of IUKB? 😲

Anu and Puneet both writing ss and Lachu no light

Quote

gpuneet

@gpuneet

Voyager

Posted: 10 years ago

#162

Originally posted by: Shwets1502
What's wrong with you guys? Just 22 pages of IUKB? 😲

I was writing Lachu having power cut anu i don't know and others have AT for IUKB 😆

brb

Quote

Looks like you are new here. Register for free, learn and contribute.

Lakshmi G Reghunath

@-Ila-

Sparkler

+ 2

Posted: 10 years ago

#163

Puneet finally tumne update kiya...i read it comnted

hope to c u guys in the evening ...now leaving for class

Quote

blah-blah

@blah-blah

Stunner

+ 3

Posted: 10 years ago

#164

this thread is really active🤣

Quote

blah-blah

@blah-blah

Stunner

+ 3

Posted: 10 years ago

#165

Originally posted by: maniwood

Anu and Puneet both writing ss and Lachu no light

i was watching the old episodes😆

Quote

Shwetha

@Shwets1502

Achiever

+ 2

Posted: 10 years ago

#166

Who knows economics well? I am trying to understand Greece crisis and it's all going above my head.

Quote

gpuneet

@gpuneet

Voyager

Posted: 10 years ago

#167

Originally posted by: Anagha.

i was watching the old episodes😆

Apke bina active kaise😆

Quote

blah-blah

@blah-blah

Stunner

+ 3

Posted: 10 years ago

#168

Originally posted by: gpuneet

Apke bina active kaise😆

yeh tareef hai ya taunt?🤣

Quote

gpuneet

@gpuneet

Voyager

Posted: 10 years ago

#169

Originally posted by: Shwets1502
Who knows economics well? I am trying to understand Greece crisis and it's all going above my head.

I don't know economics much but had seen this answer on quora and i think it may make it clear

Greece became the epicenter of Europe's debt crisis after Wall Street imploded in 2008. Greece announced in October 2009 that it had been understating its deficit figures for years, raising alarms about the soundness of Greek finances. So it all started with a lie. And as a consequence, Greece was prevented from borrowing in the financial markets (Broad term describing any marketplace where buyers and sellers participate in the trade of assets such as equities, bonds, currencies and derivatives). By 2010, it was veering toward bankruptcy, which threatened to set off a new financial crisis. To avert calamity, the International Monetary Fund, the European Central Bank and the European Commission (they are collectively referred to as Troika) issued the first of two international bailouts for Greece, which would eventually total more than 240 billion euros, or about $264 billion at today's exchange rates.
The bailouts came with conditions. Lenders imposed harsh terms which required Greece to take actions that could reduce the government deficits, overhaul its economy by streamlining the government, end tax evasion and make it an easier place to do business. The money was meant to revitalize the Greek economy but the money has gone in repaying the debts, as a result of which the economy has shrunk by a quarter in five years.

How bad is the current situation?

It is as bad as it can get. Greece needs to payback $1.7 billion, to the I.M.F. by Tuesday midnight. If Greece misses the deadline it will default on its debt and if it goes bankrupt or decides to leave the 19-nation Eurozone, the situation could create instability in the region and reverberate around the globe (which is most likely to happen).