SlideShare a Scribd company logo
Answer 16: If Greece, Spain and Portugal have the similar financial conditions while Italy has
the different. If Greece, Italy, Spain, Portugal leave common currency that is Euro then it will be
a disaster for Euro as well as these countries. This move will affect Euro. Euro will not have its
existence and its value will come down drastically. If these countries stop using Euro, Euro will
just collapse and it will bring down the economy of these countries. If new currency will be
introduced, it will take time to get stable.
This will have a great negative impact on European Union also. Some countries may leave
European Union because of these uncertainties.
Answer 17: In 2007-08, Financial crisis started in USA and hit the whole world. Subprime crisis
started when there was heavy demand of houses in USA, banks were financing for housing loan
with the help of Mortgage backed securities (MBD). Banks lent so much money for buying
properties without taking and checking the proper documents. Banks did not do proper
documentation and provided loan. Slowly the demand or properties came down and properties
got unsold. People who took loan, were not able to repay it as their properties got unsold. Banks
could not get the money back and some banks collapsed and got bankrupt. Lehman brothers and
Merrill Lynch got bankrupt. This was the time during 2007-2010 when the Subprime mortgage
crisis hit not only USA but almost the whole world.
Solution
Answer 16: If Greece, Spain and Portugal have the similar financial conditions while Italy has
the different. If Greece, Italy, Spain, Portugal leave common currency that is Euro then it will be
a disaster for Euro as well as these countries. This move will affect Euro. Euro will not have its
existence and its value will come down drastically. If these countries stop using Euro, Euro will
just collapse and it will bring down the economy of these countries. If new currency will be
introduced, it will take time to get stable.
This will have a great negative impact on European Union also. Some countries may leave
European Union because of these uncertainties.
Answer 17: In 2007-08, Financial crisis started in USA and hit the whole world. Subprime crisis
started when there was heavy demand of houses in USA, banks were financing for housing loan
with the help of Mortgage backed securities (MBD). Banks lent so much money for buying
properties without taking and checking the proper documents. Banks did not do proper
documentation and provided loan. Slowly the demand or properties came down and properties
got unsold. People who took loan, were not able to repay it as their properties got unsold. Banks
could not get the money back and some banks collapsed and got bankrupt. Lehman brothers and
Merrill Lynch got bankrupt. This was the time during 2007-2010 when the Subprime mortgage
crisis hit not only USA but almost the whole world.

More Related Content

Similar to Answer 16 If Greece, Spain and Portugal have the similar financial .pdf

Bankevents March/April
Bankevents March/AprilBankevents March/April
Bankevents March/April
gueste9e941
 
Bankevents March/April
Bankevents March/AprilBankevents March/April
Bankevents March/April
gueste9e941
 
Asset bubbles, fin crises and the role of human behaviour
Asset bubbles, fin crises and the role of human behaviourAsset bubbles, fin crises and the role of human behaviour
Asset bubbles, fin crises and the role of human behaviour
Duy Nguyen
 
Topic 5
Topic 5Topic 5
Econ greece economy ppt
Econ greece economy pptEcon greece economy ppt
Econ greece economy ppt
bw695x
 
Eurozone debt crises
Eurozone debt crisesEurozone debt crises
Eurozone debt crises
Wordpandit
 
Pensions and the European Debt Crisis
Pensions and the European Debt CrisisPensions and the European Debt Crisis
Pensions and the European Debt Crisis
Aegon
 
Ireland bailout what's next
Ireland bailout   what's nextIreland bailout   what's next
Ireland bailout what's next
Markets Beyond
 
EMUDebtCrisis
EMUDebtCrisisEMUDebtCrisis
EMUDebtCrisis
Luke Mariani
 
Abc Of Global Financial Crisis 2008
Abc Of Global Financial Crisis 2008Abc Of Global Financial Crisis 2008
Abc Of Global Financial Crisis 2008
Arif Anis Malik FRSA
 
A greek tragedy on the london stage: The City of London, the Greater Euroland...
A greek tragedy on the london stage: The City of London, the Greater Euroland...A greek tragedy on the london stage: The City of London, the Greater Euroland...
A greek tragedy on the london stage: The City of London, the Greater Euroland...
Simon Parker
 
What's So Scary About - 2015-0619
What's So Scary About - 2015-0619What's So Scary About - 2015-0619
What's So Scary About - 2015-0619
Michael A. Tyler, CFA
 
recent world trade crisis eurozone-debt-crisis
 recent world trade crisis eurozone-debt-crisis   recent world trade crisis eurozone-debt-crisis
recent world trade crisis eurozone-debt-crisis
Shashank Singh
 
Role of Spanish banks in Spain’s Debt Crisis
Role of Spanish banks in Spain’s Debt CrisisRole of Spanish banks in Spain’s Debt Crisis
Role of Spanish banks in Spain’s Debt Crisis
Gyeabour Akwasi Fosuhene Jr.
 

Similar to Answer 16 If Greece, Spain and Portugal have the similar financial .pdf (14)

Bankevents March/April
Bankevents March/AprilBankevents March/April
Bankevents March/April
 
Bankevents March/April
Bankevents March/AprilBankevents March/April
Bankevents March/April
 
Asset bubbles, fin crises and the role of human behaviour
Asset bubbles, fin crises and the role of human behaviourAsset bubbles, fin crises and the role of human behaviour
Asset bubbles, fin crises and the role of human behaviour
 
Topic 5
Topic 5Topic 5
Topic 5
 
Econ greece economy ppt
Econ greece economy pptEcon greece economy ppt
Econ greece economy ppt
 
Eurozone debt crises
Eurozone debt crisesEurozone debt crises
Eurozone debt crises
 
Pensions and the European Debt Crisis
Pensions and the European Debt CrisisPensions and the European Debt Crisis
Pensions and the European Debt Crisis
 
Ireland bailout what's next
Ireland bailout   what's nextIreland bailout   what's next
Ireland bailout what's next
 
EMUDebtCrisis
EMUDebtCrisisEMUDebtCrisis
EMUDebtCrisis
 
Abc Of Global Financial Crisis 2008
Abc Of Global Financial Crisis 2008Abc Of Global Financial Crisis 2008
Abc Of Global Financial Crisis 2008
 
A greek tragedy on the london stage: The City of London, the Greater Euroland...
A greek tragedy on the london stage: The City of London, the Greater Euroland...A greek tragedy on the london stage: The City of London, the Greater Euroland...
A greek tragedy on the london stage: The City of London, the Greater Euroland...
 
What's So Scary About - 2015-0619
What's So Scary About - 2015-0619What's So Scary About - 2015-0619
What's So Scary About - 2015-0619
 
recent world trade crisis eurozone-debt-crisis
 recent world trade crisis eurozone-debt-crisis   recent world trade crisis eurozone-debt-crisis
recent world trade crisis eurozone-debt-crisis
 
Role of Spanish banks in Spain’s Debt Crisis
Role of Spanish banks in Spain’s Debt CrisisRole of Spanish banks in Spain’s Debt Crisis
Role of Spanish banks in Spain’s Debt Crisis
 

More from shettysachin2005

We have two energy states that the hydrogen molec.pdf
                     We have two energy states that the hydrogen molec.pdf                     We have two energy states that the hydrogen molec.pdf
We have two energy states that the hydrogen molec.pdf
shettysachin2005
 
The atom is a basic unit of matter that consists .pdf
                     The atom is a basic unit of matter that consists .pdf                     The atom is a basic unit of matter that consists .pdf
The atom is a basic unit of matter that consists .pdf
shettysachin2005
 
PV=nRT S.pdf
                     PV=nRT                                      S.pdf                     PV=nRT                                      S.pdf
PV=nRT S.pdf
shettysachin2005
 
hey provide more deatails Solution .pdf
                     hey provide more deatails Solution           .pdf                     hey provide more deatails Solution           .pdf
hey provide more deatails Solution .pdf
shettysachin2005
 
H is oxidized in left side of the equation H is z.pdf
                     H is oxidized in left side of the equation H is z.pdf                     H is oxidized in left side of the equation H is z.pdf
H is oxidized in left side of the equation H is z.pdf
shettysachin2005
 
Factors that influence separation and rate of elu.pdf
                     Factors that influence separation and rate of elu.pdf                     Factors that influence separation and rate of elu.pdf
Factors that influence separation and rate of elu.pdf
shettysachin2005
 
D. both B and C are correct .pdf
                     D. both B and C are correct                      .pdf                     D. both B and C are correct                      .pdf
D. both B and C are correct .pdf
shettysachin2005
 
Cyanide is CN-, which means that there are 4 shel.pdf
                     Cyanide is CN-, which means that there are 4 shel.pdf                     Cyanide is CN-, which means that there are 4 shel.pdf
Cyanide is CN-, which means that there are 4 shel.pdf
shettysachin2005
 
c. 2methylpentane and 2,2 dimethylbutane note i.pdf
                     c. 2methylpentane and 2,2 dimethylbutane  note i.pdf                     c. 2methylpentane and 2,2 dimethylbutane  note i.pdf
c. 2methylpentane and 2,2 dimethylbutane note i.pdf
shettysachin2005
 
Total ionic equation2Na+(aq) + CO32-(aq) + Cu2+(aq) + SO42-(aq) =.pdf
Total ionic equation2Na+(aq) + CO32-(aq) + Cu2+(aq) + SO42-(aq) =.pdfTotal ionic equation2Na+(aq) + CO32-(aq) + Cu2+(aq) + SO42-(aq) =.pdf
Total ionic equation2Na+(aq) + CO32-(aq) + Cu2+(aq) + SO42-(aq) =.pdf
shettysachin2005
 
There are a couple of things to notice here. You donSolutionTh.pdf
There are a couple of things to notice here. You donSolutionTh.pdfThere are a couple of things to notice here. You donSolutionTh.pdf
There are a couple of things to notice here. You donSolutionTh.pdf
shettysachin2005
 
The terms monitor and CRT are used interchangeably in computersyst.pdf
The terms monitor and CRT are used interchangeably in computersyst.pdfThe terms monitor and CRT are used interchangeably in computersyst.pdf
The terms monitor and CRT are used interchangeably in computersyst.pdf
shettysachin2005
 
The only way for this to happen is that all an are not positive. So .pdf
The only way for this to happen is that all an are not positive. So .pdfThe only way for this to happen is that all an are not positive. So .pdf
The only way for this to happen is that all an are not positive. So .pdf
shettysachin2005
 
The idea of Encapsulation is to bundle data and methods (that work.pdf
The idea of Encapsulation is to bundle data and methods (that work.pdfThe idea of Encapsulation is to bundle data and methods (that work.pdf
The idea of Encapsulation is to bundle data and methods (that work.pdf
shettysachin2005
 
Please find the answers and explanations belowWhy might one expec.pdf
Please find the answers and explanations belowWhy might one expec.pdfPlease find the answers and explanations belowWhy might one expec.pdf
Please find the answers and explanations belowWhy might one expec.pdf
shettysachin2005
 
Manning = number of shift x amount of partsSolutionManning = n.pdf
Manning = number of shift x amount of partsSolutionManning = n.pdfManning = number of shift x amount of partsSolutionManning = n.pdf
Manning = number of shift x amount of partsSolutionManning = n.pdf
shettysachin2005
 
its not visible.Solutionits not visible..pdf
its not visible.Solutionits not visible..pdfits not visible.Solutionits not visible..pdf
its not visible.Solutionits not visible..pdf
shettysachin2005
 
HUMORAL IMMUNE RESPONSECELLULAR IMMUNE RESPONSEIt destroys antig.pdf
HUMORAL IMMUNE RESPONSECELLULAR IMMUNE RESPONSEIt destroys antig.pdfHUMORAL IMMUNE RESPONSECELLULAR IMMUNE RESPONSEIt destroys antig.pdf
HUMORAL IMMUNE RESPONSECELLULAR IMMUNE RESPONSEIt destroys antig.pdf
shettysachin2005
 
import java.util.ArrayList; import java.util.Scanner;public clas.pdf
import java.util.ArrayList; import java.util.Scanner;public clas.pdfimport java.util.ArrayList; import java.util.Scanner;public clas.pdf
import java.util.ArrayList; import java.util.Scanner;public clas.pdf
shettysachin2005
 
H2A(aq) + 2NaOH(aq) Na2A(aq) + 2H2O(l) x                        .pdf
H2A(aq) + 2NaOH(aq)  Na2A(aq) + 2H2O(l)  x                        .pdfH2A(aq) + 2NaOH(aq)  Na2A(aq) + 2H2O(l)  x                        .pdf
H2A(aq) + 2NaOH(aq) Na2A(aq) + 2H2O(l) x                        .pdf
shettysachin2005
 

More from shettysachin2005 (20)

We have two energy states that the hydrogen molec.pdf
                     We have two energy states that the hydrogen molec.pdf                     We have two energy states that the hydrogen molec.pdf
We have two energy states that the hydrogen molec.pdf
 
The atom is a basic unit of matter that consists .pdf
                     The atom is a basic unit of matter that consists .pdf                     The atom is a basic unit of matter that consists .pdf
The atom is a basic unit of matter that consists .pdf
 
PV=nRT S.pdf
                     PV=nRT                                      S.pdf                     PV=nRT                                      S.pdf
PV=nRT S.pdf
 
hey provide more deatails Solution .pdf
                     hey provide more deatails Solution           .pdf                     hey provide more deatails Solution           .pdf
hey provide more deatails Solution .pdf
 
H is oxidized in left side of the equation H is z.pdf
                     H is oxidized in left side of the equation H is z.pdf                     H is oxidized in left side of the equation H is z.pdf
H is oxidized in left side of the equation H is z.pdf
 
Factors that influence separation and rate of elu.pdf
                     Factors that influence separation and rate of elu.pdf                     Factors that influence separation and rate of elu.pdf
Factors that influence separation and rate of elu.pdf
 
D. both B and C are correct .pdf
                     D. both B and C are correct                      .pdf                     D. both B and C are correct                      .pdf
D. both B and C are correct .pdf
 
Cyanide is CN-, which means that there are 4 shel.pdf
                     Cyanide is CN-, which means that there are 4 shel.pdf                     Cyanide is CN-, which means that there are 4 shel.pdf
Cyanide is CN-, which means that there are 4 shel.pdf
 
c. 2methylpentane and 2,2 dimethylbutane note i.pdf
                     c. 2methylpentane and 2,2 dimethylbutane  note i.pdf                     c. 2methylpentane and 2,2 dimethylbutane  note i.pdf
c. 2methylpentane and 2,2 dimethylbutane note i.pdf
 
Total ionic equation2Na+(aq) + CO32-(aq) + Cu2+(aq) + SO42-(aq) =.pdf
Total ionic equation2Na+(aq) + CO32-(aq) + Cu2+(aq) + SO42-(aq) =.pdfTotal ionic equation2Na+(aq) + CO32-(aq) + Cu2+(aq) + SO42-(aq) =.pdf
Total ionic equation2Na+(aq) + CO32-(aq) + Cu2+(aq) + SO42-(aq) =.pdf
 
There are a couple of things to notice here. You donSolutionTh.pdf
There are a couple of things to notice here. You donSolutionTh.pdfThere are a couple of things to notice here. You donSolutionTh.pdf
There are a couple of things to notice here. You donSolutionTh.pdf
 
The terms monitor and CRT are used interchangeably in computersyst.pdf
The terms monitor and CRT are used interchangeably in computersyst.pdfThe terms monitor and CRT are used interchangeably in computersyst.pdf
The terms monitor and CRT are used interchangeably in computersyst.pdf
 
The only way for this to happen is that all an are not positive. So .pdf
The only way for this to happen is that all an are not positive. So .pdfThe only way for this to happen is that all an are not positive. So .pdf
The only way for this to happen is that all an are not positive. So .pdf
 
The idea of Encapsulation is to bundle data and methods (that work.pdf
The idea of Encapsulation is to bundle data and methods (that work.pdfThe idea of Encapsulation is to bundle data and methods (that work.pdf
The idea of Encapsulation is to bundle data and methods (that work.pdf
 
Please find the answers and explanations belowWhy might one expec.pdf
Please find the answers and explanations belowWhy might one expec.pdfPlease find the answers and explanations belowWhy might one expec.pdf
Please find the answers and explanations belowWhy might one expec.pdf
 
Manning = number of shift x amount of partsSolutionManning = n.pdf
Manning = number of shift x amount of partsSolutionManning = n.pdfManning = number of shift x amount of partsSolutionManning = n.pdf
Manning = number of shift x amount of partsSolutionManning = n.pdf
 
its not visible.Solutionits not visible..pdf
its not visible.Solutionits not visible..pdfits not visible.Solutionits not visible..pdf
its not visible.Solutionits not visible..pdf
 
HUMORAL IMMUNE RESPONSECELLULAR IMMUNE RESPONSEIt destroys antig.pdf
HUMORAL IMMUNE RESPONSECELLULAR IMMUNE RESPONSEIt destroys antig.pdfHUMORAL IMMUNE RESPONSECELLULAR IMMUNE RESPONSEIt destroys antig.pdf
HUMORAL IMMUNE RESPONSECELLULAR IMMUNE RESPONSEIt destroys antig.pdf
 
import java.util.ArrayList; import java.util.Scanner;public clas.pdf
import java.util.ArrayList; import java.util.Scanner;public clas.pdfimport java.util.ArrayList; import java.util.Scanner;public clas.pdf
import java.util.ArrayList; import java.util.Scanner;public clas.pdf
 
H2A(aq) + 2NaOH(aq) Na2A(aq) + 2H2O(l) x                        .pdf
H2A(aq) + 2NaOH(aq)  Na2A(aq) + 2H2O(l)  x                        .pdfH2A(aq) + 2NaOH(aq)  Na2A(aq) + 2H2O(l)  x                        .pdf
H2A(aq) + 2NaOH(aq) Na2A(aq) + 2H2O(l) x                        .pdf
 

Recently uploaded

PCOS corelations and management through Ayurveda.
PCOS corelations and management through Ayurveda.PCOS corelations and management through Ayurveda.
PCOS corelations and management through Ayurveda.
Dr. Shivangi Singh Parihar
 
writing about opinions about Australia the movie
writing about opinions about Australia the moviewriting about opinions about Australia the movie
writing about opinions about Australia the movie
Nicholas Montgomery
 
South African Journal of Science: Writing with integrity workshop (2024)
South African Journal of Science: Writing with integrity workshop (2024)South African Journal of Science: Writing with integrity workshop (2024)
South African Journal of Science: Writing with integrity workshop (2024)
Academy of Science of South Africa
 
Main Java[All of the Base Concepts}.docx
Main Java[All of the Base Concepts}.docxMain Java[All of the Base Concepts}.docx
Main Java[All of the Base Concepts}.docx
adhitya5119
 
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
National Information Standards Organization (NISO)
 
How to Setup Warehouse & Location in Odoo 17 Inventory
How to Setup Warehouse & Location in Odoo 17 InventoryHow to Setup Warehouse & Location in Odoo 17 Inventory
How to Setup Warehouse & Location in Odoo 17 Inventory
Celine George
 
Liberal Approach to the Study of Indian Politics.pdf
Liberal Approach to the Study of Indian Politics.pdfLiberal Approach to the Study of Indian Politics.pdf
Liberal Approach to the Study of Indian Politics.pdf
WaniBasim
 
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UPLAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
RAHUL
 
How to Manage Your Lost Opportunities in Odoo 17 CRM
How to Manage Your Lost Opportunities in Odoo 17 CRMHow to Manage Your Lost Opportunities in Odoo 17 CRM
How to Manage Your Lost Opportunities in Odoo 17 CRM
Celine George
 
Digital Artefact 1 - Tiny Home Environmental Design
Digital Artefact 1 - Tiny Home Environmental DesignDigital Artefact 1 - Tiny Home Environmental Design
Digital Artefact 1 - Tiny Home Environmental Design
amberjdewit93
 
Présentationvvvvvvvvvvvvvvvvvvvvvvvvvvvv2.pptx
Présentationvvvvvvvvvvvvvvvvvvvvvvvvvvvv2.pptxPrésentationvvvvvvvvvvvvvvvvvvvvvvvvvvvv2.pptx
Présentationvvvvvvvvvvvvvvvvvvvvvvvvvvvv2.pptx
siemaillard
 
How to Make a Field Mandatory in Odoo 17
How to Make a Field Mandatory in Odoo 17How to Make a Field Mandatory in Odoo 17
How to Make a Field Mandatory in Odoo 17
Celine George
 
Your Skill Boost Masterclass: Strategies for Effective Upskilling
Your Skill Boost Masterclass: Strategies for Effective UpskillingYour Skill Boost Masterclass: Strategies for Effective Upskilling
Your Skill Boost Masterclass: Strategies for Effective Upskilling
Excellence Foundation for South Sudan
 
Traditional Musical Instruments of Arunachal Pradesh and Uttar Pradesh - RAYH...
Traditional Musical Instruments of Arunachal Pradesh and Uttar Pradesh - RAYH...Traditional Musical Instruments of Arunachal Pradesh and Uttar Pradesh - RAYH...
Traditional Musical Instruments of Arunachal Pradesh and Uttar Pradesh - RAYH...
imrankhan141184
 
Leveraging Generative AI to Drive Nonprofit Innovation
Leveraging Generative AI to Drive Nonprofit InnovationLeveraging Generative AI to Drive Nonprofit Innovation
Leveraging Generative AI to Drive Nonprofit Innovation
TechSoup
 
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdfANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
Priyankaranawat4
 
The History of Stoke Newington Street Names
The History of Stoke Newington Street NamesThe History of Stoke Newington Street Names
The History of Stoke Newington Street Names
History of Stoke Newington
 
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
PECB
 
PIMS Job Advertisement 2024.pdf Islamabad
PIMS Job Advertisement 2024.pdf IslamabadPIMS Job Advertisement 2024.pdf Islamabad
PIMS Job Advertisement 2024.pdf Islamabad
AyyanKhan40
 
UGC NET Exam Paper 1- Unit 1:Teaching Aptitude
UGC NET Exam Paper 1- Unit 1:Teaching AptitudeUGC NET Exam Paper 1- Unit 1:Teaching Aptitude
UGC NET Exam Paper 1- Unit 1:Teaching Aptitude
S. Raj Kumar
 

Recently uploaded (20)

PCOS corelations and management through Ayurveda.
PCOS corelations and management through Ayurveda.PCOS corelations and management through Ayurveda.
PCOS corelations and management through Ayurveda.
 
writing about opinions about Australia the movie
writing about opinions about Australia the moviewriting about opinions about Australia the movie
writing about opinions about Australia the movie
 
South African Journal of Science: Writing with integrity workshop (2024)
South African Journal of Science: Writing with integrity workshop (2024)South African Journal of Science: Writing with integrity workshop (2024)
South African Journal of Science: Writing with integrity workshop (2024)
 
Main Java[All of the Base Concepts}.docx
Main Java[All of the Base Concepts}.docxMain Java[All of the Base Concepts}.docx
Main Java[All of the Base Concepts}.docx
 
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
 
How to Setup Warehouse & Location in Odoo 17 Inventory
How to Setup Warehouse & Location in Odoo 17 InventoryHow to Setup Warehouse & Location in Odoo 17 Inventory
How to Setup Warehouse & Location in Odoo 17 Inventory
 
Liberal Approach to the Study of Indian Politics.pdf
Liberal Approach to the Study of Indian Politics.pdfLiberal Approach to the Study of Indian Politics.pdf
Liberal Approach to the Study of Indian Politics.pdf
 
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UPLAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
 
How to Manage Your Lost Opportunities in Odoo 17 CRM
How to Manage Your Lost Opportunities in Odoo 17 CRMHow to Manage Your Lost Opportunities in Odoo 17 CRM
How to Manage Your Lost Opportunities in Odoo 17 CRM
 
Digital Artefact 1 - Tiny Home Environmental Design
Digital Artefact 1 - Tiny Home Environmental DesignDigital Artefact 1 - Tiny Home Environmental Design
Digital Artefact 1 - Tiny Home Environmental Design
 
Présentationvvvvvvvvvvvvvvvvvvvvvvvvvvvv2.pptx
Présentationvvvvvvvvvvvvvvvvvvvvvvvvvvvv2.pptxPrésentationvvvvvvvvvvvvvvvvvvvvvvvvvvvv2.pptx
Présentationvvvvvvvvvvvvvvvvvvvvvvvvvvvv2.pptx
 
How to Make a Field Mandatory in Odoo 17
How to Make a Field Mandatory in Odoo 17How to Make a Field Mandatory in Odoo 17
How to Make a Field Mandatory in Odoo 17
 
Your Skill Boost Masterclass: Strategies for Effective Upskilling
Your Skill Boost Masterclass: Strategies for Effective UpskillingYour Skill Boost Masterclass: Strategies for Effective Upskilling
Your Skill Boost Masterclass: Strategies for Effective Upskilling
 
Traditional Musical Instruments of Arunachal Pradesh and Uttar Pradesh - RAYH...
Traditional Musical Instruments of Arunachal Pradesh and Uttar Pradesh - RAYH...Traditional Musical Instruments of Arunachal Pradesh and Uttar Pradesh - RAYH...
Traditional Musical Instruments of Arunachal Pradesh and Uttar Pradesh - RAYH...
 
Leveraging Generative AI to Drive Nonprofit Innovation
Leveraging Generative AI to Drive Nonprofit InnovationLeveraging Generative AI to Drive Nonprofit Innovation
Leveraging Generative AI to Drive Nonprofit Innovation
 
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdfANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
 
The History of Stoke Newington Street Names
The History of Stoke Newington Street NamesThe History of Stoke Newington Street Names
The History of Stoke Newington Street Names
 
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
 
PIMS Job Advertisement 2024.pdf Islamabad
PIMS Job Advertisement 2024.pdf IslamabadPIMS Job Advertisement 2024.pdf Islamabad
PIMS Job Advertisement 2024.pdf Islamabad
 
UGC NET Exam Paper 1- Unit 1:Teaching Aptitude
UGC NET Exam Paper 1- Unit 1:Teaching AptitudeUGC NET Exam Paper 1- Unit 1:Teaching Aptitude
UGC NET Exam Paper 1- Unit 1:Teaching Aptitude
 

Answer 16 If Greece, Spain and Portugal have the similar financial .pdf

  • 1. Answer 16: If Greece, Spain and Portugal have the similar financial conditions while Italy has the different. If Greece, Italy, Spain, Portugal leave common currency that is Euro then it will be a disaster for Euro as well as these countries. This move will affect Euro. Euro will not have its existence and its value will come down drastically. If these countries stop using Euro, Euro will just collapse and it will bring down the economy of these countries. If new currency will be introduced, it will take time to get stable. This will have a great negative impact on European Union also. Some countries may leave European Union because of these uncertainties. Answer 17: In 2007-08, Financial crisis started in USA and hit the whole world. Subprime crisis started when there was heavy demand of houses in USA, banks were financing for housing loan with the help of Mortgage backed securities (MBD). Banks lent so much money for buying properties without taking and checking the proper documents. Banks did not do proper documentation and provided loan. Slowly the demand or properties came down and properties got unsold. People who took loan, were not able to repay it as their properties got unsold. Banks could not get the money back and some banks collapsed and got bankrupt. Lehman brothers and Merrill Lynch got bankrupt. This was the time during 2007-2010 when the Subprime mortgage crisis hit not only USA but almost the whole world. Solution Answer 16: If Greece, Spain and Portugal have the similar financial conditions while Italy has the different. If Greece, Italy, Spain, Portugal leave common currency that is Euro then it will be a disaster for Euro as well as these countries. This move will affect Euro. Euro will not have its existence and its value will come down drastically. If these countries stop using Euro, Euro will just collapse and it will bring down the economy of these countries. If new currency will be introduced, it will take time to get stable. This will have a great negative impact on European Union also. Some countries may leave European Union because of these uncertainties. Answer 17: In 2007-08, Financial crisis started in USA and hit the whole world. Subprime crisis started when there was heavy demand of houses in USA, banks were financing for housing loan with the help of Mortgage backed securities (MBD). Banks lent so much money for buying properties without taking and checking the proper documents. Banks did not do proper documentation and provided loan. Slowly the demand or properties came down and properties got unsold. People who took loan, were not able to repay it as their properties got unsold. Banks could not get the money back and some banks collapsed and got bankrupt. Lehman brothers and
  • 2. Merrill Lynch got bankrupt. This was the time during 2007-2010 when the Subprime mortgage crisis hit not only USA but almost the whole world.