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Worldwide Riots and Markets Meltdown May 14, 2010
Friday, May 14, 2010
May 14, 2010 — As the financial problems in Europe continue to spread across the world, there have been growing protests and riots, all symbolizing a global crisis. The austerity measure that governments have taken to offset the financial crisis could damage short term growth and cause the world to double dip into a recession. Gregory White says that banks that operate within the European Union that have sovereign debt from countries in their books will be doubted by other banks that are potential lenders.
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Friday, May 14, 2010
May 14, 2010 — As the financial problems in Europe continue to spread across the world, there have been growing protests and riots, all symbolizing a global crisis. The austerity measure that governments have taken to offset the financial crisis could damage short term growth and cause the world to double dip into a recession. Gregory White says that banks that operate within the European Union that have sovereign debt from countries in their books will be doubted by other banks that are potential lenders.
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