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.

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