International Business in the News Write-Up Article

International Business in the News Write-Up - Article ExampleInformation provided in this article blends fountainhead with the issues covered in family line about the EU debt crisis in general. MAIN IDEAS IN THE ARTICLE In this article, Tzortzinis explores the current frugal crisis in Greece since its inception, the role contend by its ratification to the European Union Agreements and attempts that have been made to rescue the situation including political changes and proposed in the EU agreements. RELATION OF THE ARTICLES IDEAS TO MATERIALS DISCUSSED IN CLASS Tzortzinis provides an in-depth analysis of the economic situation in Greece and the actions that have been taken and currently being contemplated in rescuing the countrys economy from the eminent collapse. The writer discusses the countrys economic crisis that has brought the Greeks government down, increased social unrest, and eventually threatened not only the countrys future day in the EU but also the future of the eu ro. This information closely relates to the video entitled Greek Debt Crisis Adds New Gravity to U.S. Deficit. Information of particular fire in this article revolves around the current attempts by the new Greece government to re-negotiate the bailout agreements reached by the previous government with the EU economic giants such as German and France. Tzortzinis discusses the debt restructuring deal reached by EU officials in March 2012 in which the private sector lenders are greatly involved. The discussion supports the discussion on the implication of the Greece economic crisis on the U.S. economy because the deal poses significant threat to the U.S. economy due to its economic interest within the Eurozone. It is argued that the debt restructuring deal does not have the potential to work up the countrys economy crisis. This is because the deal exposes opens the journey for the country to languish in a chain of debts with limited economic growth prospects. In the video, Greek Debt Crisis Adds New Gravity to U.S. Deficit. Jacob Kirkegaard, one of the respondents to Judy Woodruffs questions, expresses significant concerns on the restructuring deal reached by the European officials in which he says that it is likely to trigger a situation in the countrys economy similar to that of the U.S. 2008 financial crisis. According to Kirkergaard, the proposed bond issue strategy has far- reaching implications to the global financial dodge including the U.S. economy. As asserted by the economists in the video discuss, any default experience in the Greek domestic banking system is likely to be experienced in other countries like Spain, Portugal and Ireland. These views are clearly expressed by Tzortzinis in his article. He expresses views that support the argument presented by Kirkergaard, in which the steps taken by the troika are unlikely to resolve the economic crisis in Greece simply because the countrys debts will continue to grow at the put down of the troikas in terests. Therefore, most of the information presented in the selected article tends to provide a strong background support to the ideas presented in the video watched in class and the class discussions on the potential impact of the Greek debt crisis on the U.S. economy. In the video featuring Professor David Cameron on the EU debt crisis, views similar to those presented by Tzortzinis arise in which the debt crisis faced by EU members