Financial crisis arrives Cyprus

                          Financial crisis arrives Cyprus 





Financial crisis is becoming the infectious diseases in Euro zone. This crisis has been spreading over from one country to others in the EU. It firstly started in Greece in 2010 and it was just a debt crisis. Then it spread to Ireland and next from Ireland to Portugal .It continues to move from Portugal to Spain and keeps moving from Spain to Italy ,and now it arrives Cyprus .Cyprus is calling for help from others EU countries and IMF. Others EU countries are carefully considering if they should help or not ,because it would lead them to be in trouble as well.The first starting in Greece, Most of EU countries had intention to kick Greece out of EU zone,because they realized that it's out of control .The factors of Financial crisis are low economic growth , debt ,high Public deficits as well as effect of the US economic crisis in 2008. Recently , China has been playing an important role for curing these crises, but it seems to be useless.Anyway China are getting much benefits from those countries by expanding its financial and political influences.

Comments

Post a Comment

Popular posts from this blog

Is US preparing for the future war in the Middle-East ?

Image
The previous post talked about the expectation of the world war III . Today I also raise the same topic, and it clearly show that US is preparing for war in the future in the Middle-ea st. Recently, the diplomatic relation between US and some countries in the middle-east such as Syria and Iran have been recognized as the fragile relationship. Since Iran refused to negotiate and announced publicly that no super powers or International community could force him to abandon his goal of producing Nuclear weapons, the US and its alliances seem to be preparing themselves for responding to any attacks. Based on the US Defense Department, the arms deal with Israel, Saudi Arabia and the United Arab Emirates are expected to be up to $10 billion and it will provide missiles, warplanes and troop transports to help those countries for countering any future threat from Iran. US Defense Secretary Chuck Hagel has spent a week long to visit the region of Israel, Saudi Arabia and the United Arab Emirate
Read more

India-Vietnam's Comprehensive Strategic Partnership to Counter China

Image
India is moving East to woo China's rivals in South China Disputes, and it is the time that India should arm them to counter the rise of China.         [Prime Minister Narendra Modi calls on Nguyen Phu Trong, General Secretary of Vietnamese Communist Party on Saturday on his two-day tour to Vietnam.] Indian Prime Minister Narendra Modi called Vietnam "a strong pillar of India's Act East Policy" during his meeting with Vietnamese Communist Party General Secretary Nguyen Phu Trong on Saturday before heading to China to participate in G20 summit. He added,"our bilateral ties are based on strong mutual trust, and understanding, and convergence of views on various  regional  and international issues." Act East Policy, transformed from "Look East", was launched in 2014 under the leadership of PM Modi. The policy aims at developing comprehensive cooperation with Asia Pacific nations in various fields including economic, politics an d
Read more

NATO

Image
What do you know about NATO? NATO has been known as The North Atlantic Treaty Organisation that was established today in 1949 by the United States and 11 other nations. This organisation was established to defend any possible Soviet aggres sion against Western Europe.Besides to the prevention of Soviet invasion, this organisation was also created to prevent the spreading of Socialism to the countries in Europe. In 1954 for extending its power to against Soviet influences , US and its alliances France and Great Britain led the counties in Asia to established the Southeast Asia Treaty Organization (SEATO). Unfortunately, SEATO was formally disbanded in 1977,because this organisation failed to provide its members an assistant to against the Indian in Pakistani-Indian conflict.To respond to the US strategies, Soviet and East European socialist states started establishing the Political and Military alliance in 1955(was known as Warsaw Pact). Until now there is only NATO that can stand
Read more