The Earth, E.U., and You!

December 22, 2011  
Filed under News, Uncategorized

With all this talk of global crisis going around, it is easy to be confused, confounded, and just plain complacent about the state of the international economy.  One of the main subjects concerning this topic has been the financial problems the European Union has been experiencing, Greece for example, so here is an easy breakdown of the situation!  In 2007, numerous factors worldwide contributed to the emergence of what has been pegged a “global financial crisis”.  One of the main factors contributing to the crisis was a loss in confidence from U.S. investors in sub-prime mortgages.  Basically this means investors were less willing to lend money to those who wanted to buy a house.  This led to a decrease in the value of houses, negatively afeecting the “housing bubble”, and led to vast numbers of repossessed houses.  This chain reaction has placed a high burden on banks not only in the U.S., but globally.  This all seems very worrying, but there is one thing to keep in mind Cougars: this is not the end of the world.  Daily life will go on, wild men will not run amok in the streets, and classes will still continue (much to some students disappointment).  Although the financial future of the global economy is uncertain, it is clear that this generation must prepare to “clean up” the mess that has been created by our predecessors.

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