* Today the Euro is one of the world’s most powerful currencies. The greatest threat to our economic future is what happening in the Eurozone. Leaders of the Eurozone countries appear determined to keep the show on the road.
* The greatest threat to our economic future is what is happening in the Eurozone. Leaders of the eurozone countries appear determined to overcome this crisis
* Greece is not the only country that is going through a crisis; it can be an American crisis too. The economy can be brought into a recession in 2012. * Despite the new bailout that the Greek Parliiment approved for 172 billion in Euro which is ($227 in US dollar) in rescue loans, Athens may still be unable to implement reforms at the necessary pace.
* Even with its second bailout package Athens may need more money after 2014 the analysis prepared by the European Commission, The European Central Bank, and The International Monetary Fund (IMF) for Euro zone finance ministers by Reuters, shows that after the debt swap at the weekend of 3/20/12, Greek debt could fall to 116.5% of GDP in 2020 and 88% in 2030. * Greece has many years of struggles ahead of them. First they need to reduce its debt down and keep it down. They will have to build its reputation in the financial market. The aim is to cut Greece’s debt from 160% of the GDP to 120%by 2020.
What would happen if the Euro fails?
* The US dollar has been the reserve currency of the world for the past 100 years and to trust in past trends, is prudent- investors are first paid to preserve capital, and paid second to tke intellectual risk to grow capital.
* If the Euro fails it would play havoc with currencies and the price of oil. It will also affect or even destroy interbank lending worldwide. Banks around the world freeze credit markets, making it difficult for business to borrow money. Americans will have to keep a close watch for their 401k and other investments.
* The drop in the US dollar and the lack of confidence in the Euro cause the