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Greek Crisis
Greece faced a sovereign debt crisis in the aftermath of the financial crisis of 2007–2008. Widely known in the country as The Crisis ( Greek: Η Κρίση), it reached the populace as a series of sudden reforms and austerity measures that led to impoverishment and loss of income and property, as well as a small-scale humanitarian crisis. In all, the Greek economy suffered the longest recession of any advanced mixed economy to date. As a result, the Greek political system has been upended, social exclusion increased, and hundreds of thousands of well-educated Greeks have left the country. The Greek crisis started in late 2009, triggered by the turmoil of the world-wide Great Recession, structural weaknesses in the Greek economy, and lack of monetary policy flexibility as a member of the Eurozone. The crisis included revelations that previous data on government debt levels and deficits had been underreported by the Greek government: the official forecast for the 2009 budge ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Greek Bonds
Greek may refer to: Greece Anything of, from, or related to Greece, a country in Southern Europe: *Greeks, an ethnic group. *Greek language, a branch of the Indo-European language family. **Proto-Greek language, the assumed last common ancestor of all known varieties of Greek. **Mycenaean Greek, most ancient attested form of the language (16th to 11th centuries BC). **Ancient Greek, forms of the language used c. 1000–330 BC. **Koine Greek, common form of Greek spoken and written during Classical antiquity. **Medieval Greek or Byzantine Language, language used between the Middle Ages and the Ottoman conquest of Constantinople. **Modern Greek, varieties spoken in the modern era (from 1453 AD). *Greek alphabet, script used to write the Greek language. *Greek Orthodox Church, several Churches of the Eastern Orthodox Church. *Ancient Greece, the ancient civilization before the end of Antiquity. *Old Greek, the language as spoken from Late Antiquity to around 1500 AD. Other uses * '' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yield Spread
Yield may refer to: Measures of output/function Computer science * Yield (multithreading) is an action that occurs in a computer program during multithreading * See generator (computer programming) Physics/chemistry * Yield (chemistry), the amount of product obtained in a chemical reaction ** The arrow symbol in a chemical equation * Yield (engineering), yield strength of a material as defined in engineering and material science * Fission product yield * Nuclear weapon yield Earth science * Crop yield, measurement of the amount of a crop harvested, or animal products such as wool, meat or milk produced, per unit area of land ** Yield (wine), the amount of grapes or wine that is produced per unit surface of vineyard * Ecological yield, the harvestable population growth of an ecosystem, most commonly measured in forestry and fishery * Specific yield, a measure of aquifer capacity * Yield (hydrology), the volume of water escaping from a spring Production/manufacturing * Yield ( ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Depression
The Great Depression (19291939) was an economic shock that impacted most countries across the world. It was a period of economic depression that became evident after a major fall in stock prices in the United States. The economic contagion began around September and led to the Wall Street stock market crash of October 24 (Black Thursday). It was the longest, deepest, and most widespread depression of the 20th century. Between 1929 and 1932, worldwide gross domestic product (GDP) fell by an estimated 15%. By comparison, worldwide GDP fell by less than 1% from 2008 to 2009 during the Great Recession. Some economies started to recover by the mid-1930s. However, in many countries, the negative effects of the Great Depression lasted until the beginning of World War II. Devastating effects were seen in both rich and poor countries with falling personal income, prices, tax revenues, and profits. International trade fell by more than 50%, unemployment in the U.S. rose to 23% and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Sovereign Debt Crises
The list of sovereign debt crises involves the inability of independent countries to meet its liabilities as they become due. These include: *A sovereign default, where a government suspends debt repayments *A debt restructuring plan, where the government agrees with other countries, or unilaterally reduces its debt repayments *Requiring assistance from the International Monetary Fund or another international source Debts could be owed either to private parties within a country, to foreign investors, or to other countries. The following table includes actual sovereign defaults and debt restructuring of independent countries since 1557. See also *List of corporate collapses and scandals *List of stock market crashes and bear markets *List of largest U.S. bank failures *Currency crisis *Government debt *War reparations *Global settlement *London Club *Paris Club The Paris Club (french: Club de Paris) is a group of officials from major creditor countries whose role is to find ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
