The Financial Crisis Of Greece - 929 Words

Over the 15 years the German has been widely viewed as the economic catalyst and stabilizer for its fellow European Union states. Even following the Financial Crisis in 2008, the German economy was able to bounce back quicker than neighboring Eurozone states the source of German success points to a high export led growth economy with a competitive manufacturing sector, lower unemployment, balanced budget, and low costs to borrow. With most economic indicators pointing to strong future growth, it remains to be seen whether a spillover effect occurs to the rest of the EU. Despite a number of reforms, EU countries continue to suffer due to lack of global competitiveness. In dire straits, Greece continues to leverage the support of the European Central Bank and Eurozone states to avoid another financial collapse. In support of Greece, Germany itself lent the country â‚ ¬56 billion, however Germany has begun to lose patience over Greece’s attempts to renegotiate terms of its bai lout. As the German economy has persevered through economic turmoil, while Eurozone has struggled, Germany continues to be a shining light of prosperity in the European Union. Profile of German Economy As the largest economy in Europe, Germany has rebounded from the global crisis unlike any other country. Germany’s success stems from a strong export sector, low unemployment, strong housing and manufacturing sectors and a balanced budget. Prior to the crisis, Germany implemented a set of structural reformsShow MoreRelatedGreece Financial Crisis In Greece1114 Words   |  5 PagesAccording to Cia.com, Greece has a capitalist economy with a public sector, representing about 40% of GDP and with per capita GDP about two-thirds that of the leading euro-zone economies. Tourism provides 18% of GDP. However, immigrants make up nearly one-fifth of the work force, mainly in agricultural and unskilled jobs. Greece is a major beneficiary of EU aid, equal to about 3.3% of annual GDP. According to the CIA’s studies, the Greek economic system averaged increase of approximately 4% in stepRead MoreThe Financial Crisis Of Greece2156 Words   |  9 Pagesexacerbating the problem. When Greece saw the possibility of joining the European Union in 1981, lack of transparency and misreported figures in its bookkeeping system allowed the country to meet the criteria and become a new member of the Eurozone. As investors were confident on the stability of the Euro, Greece was able to borrow cheaply from the European financial markets and sustain an expansionary policy between 2001 and 2007. Nonetheless, the outburst of global financial crisis coupled with prolongedRead MoreThe Financial Crisis Of Greece And Portugal1624 Words   |  7 PagesBrothers collapsed at the height of the financial crisis. Investors all over the world were shocked and creditors were equally horrified. Greece, the founder of true democracy, the originator of the olympics and the birthplace of geometry - was now $430 billion in debt. Never before had a country such as Greece imploded with such velocity and magnitude - that its government bond contracts were now considered toxic. It was an exact replay of the financial crisis, except that the insolvent borrower wasRead MoreGreece : Greek Financial Crisis1838 Words   |  8 PagesOn January 1st 1981 Greece joined the European Communities ushering in a period of sustained growth. The countries widespread investments on infrastructure coupled with funds from the European Union led to a sharp increase in revenue from tourism and the service sector. This helped the country reach historical highs in their standard of living. By 2001 Greece had adopted the Euro and in the proceeding 7 years the GDP per capita went from $12,400 in 2001 to $31,700 in 2008, an increase of 156%.Read MoreGreeces Financial Crisis : Greece1796 Words   |  8 PagesGreece’s financial crisis has been in existence for almost two decades, and unfortunately is still widely unknown what has caused this prolonged catastrophe. The general population does not necessarily know that this economic crisis originates to a mistake made years ago, not due to the recession in 2008 that an abundance of countries around the world suffered. Greece intended to join the Eurozone, a group of European Union nations whose currency is the euro, in 1999. Initially, Greece was deniedRead MoreThe Impact of the Global Financial Crisis on Greece Turkey2832 Words   |  12 PagesBackground—Greece Greece has a history which really distinguishes its nation from the rest. In 1829, Greece achieved independence from the Ottoman Empire. During the second half of the nineteenth century and the first half of the twentieth century, it gradually added neighboring islands and territories, most with Greek-speaking populations. Following Germany’s defeat in World War II in 1949, Greece joined NATO in 1952. In 1981, Greece joined the EC, which is now the EU, and it became the twelfthRead MoreGreece : A Developed Country Of Europe Essay1720 Words   |  7 PagesGreece officially named as the Hellenic Republic situated in the southeastern Europe is the 45th largest region with a nominal gross domestic product (GDP) of $235.6 billion per annum (World Bank,2014). Greece is a developed country of Europe. The economy of Greece is based on the service (82.8%) which is the prerequisite of being developed country, and on industrial sector with 13.3% of contribution in GDP and agricultu ral sector of Greece contributed 3.9% of national economic output in 2015(CIARead MoreGreece Economic Crisis Analysis986 Words   |  4 PagesWall street financial market in 2008, Greece become the center of Europe’s economic crisis. With employment rates more than 25 percent, Greece is suffering from a financial crisis equivalent to if not greater than the U.S. Great Depression. The source of the crisis originated in the inefficient management of the Greece’s economy and government finances. Additionally, Greece’s involvement in the euro zone reflected a monetary policy that was at odds with its fiscal policy. The crisis resulted in troikaRead MoreCauses of the Greek liquidity crisis; how conditions were before the crisis Events that happened1600 Words   |  7 Pagesliquidity crisis; how conditions were before the crisis Events that happened preceding the crisis The structural economic support weakened –when Greece entered the euro zone in 2001 the convergence criteria which supposed to provide sound financial systems within the economy and the GSP were established to prevent financial and economic crises. Greece enteredRead MoreThe European Central Bank ( Ecb )1277 Words   |  6 PagesGreece is a member of the Eurosystem, a collection of 19 European countries. Together, the Eurosystem is the third largest economic system in the world, falling just behind the United States and China (https://www.ecb.europa.eu/mopo/eaec/html/index.en.html). The European Central Bank (ECB) acts as the head of the Eurosystem, providing the citizens of 19 European nations with a single currency (ECB WEBSITE). The area that is within the jurisdiction of the ECB is collectively known as the Eurozone

Html5 Free Essays

Currently, in terms of web development, Flash, in spite of its success, is still not regarded as a standard because it is a proprietary technology provider. While web plays an important role in business, communication and society should not be in the hands of an independent supplier. However, giving up Flash means to redesign the web, with all the difficulty and costly. We will write a custom essay sample on Html5 or any similar topic only for you Order Now Now, when the HTML5 appears, the emergence of HTML5 creates more confidence and convenience to those who do not like Flash.This paper focuses on the very first definition of HTML to lead you to the modern web which may replace Flash in the near future. What is it HTML is a language that provides a means to create structured documents by denoting structural semantics for text such as headings, paragraphs, lists, links, quotes and other items. HTML5  is currently under development, as the next major revision of the HTML standard. This code can now be used for new functions that can benefit developers and Internet users. What it consists of? HTML5 concludes a number of new elements and attributes.The most important of them are: CANVAS ELEMENT The canvas element can be used for describing graphs, game graphics or other visual images on the fly. Having to rely on plug-ins is not necessary. The possibilities are endless. VIDEO ELEMENT Embedding video used to be impossible without third-party plugins such as Apple QuickTime or Adobe Flash. Thanks to video element, now it’s possible. It is intended by its creators to become the new standard way to show video online. GEOLOCATION Locating a users’ place is not a new thing on the web. In fact, most websites already do this by means of IP address detection. But this is not always reliable, so HTML5’s geolocation is an alternative method of correctly pinpointing a users’ location. The new idea is to get the location information from Wi-fi towers and GPS. OFFLINE WEB APPLICATION Despite of their unavailable network connection, the offline web applications enable users to continue interacting with web applications and documents. The user can, for instance, access email locally without having to connect to the Internet or install an external client. How it works HTML5 provides support for video and audio â€Å"naturally†.It means that users can watch videos on site like the way they read the text format without having to bother installing Flash system program or any other plug-in program or not. How it will be used HTML5 has been developed since 2004 but now suppliers of Apple, Opera, Mozilla and Google recently built new elements of this compatible language in browsers. In the end of January, YouTube – the biggest video sharing website in the world – announced to test HTML5. Even Microsoft, along with promoting Sliverlight technology (to compete with Flash), also became interested in web standards and intended to bring HTML5 to Internet Explorer.Benefits compare with other technology * Offline storage: Kind of like â€Å"Super Cookies†, but with much more space to store for both one-time data and persistent app databases. * Canvas drawing: Sites can mark off a space on a page where interactive pictures, charts and graphs, game components, and whatever else imagination allows can be drawn directly by programming code and user interaction—no Flash or other plug-ins required. * Smarter form: Search boxes, text inputs, and other you-type-here fields get better controls for focusing, validating data, interacting with other page elements, sending through email, and more. Web application focus: It’s fair to say that HTML 5 is aimed to make it easier to build wikis, drag-and-drop tools, real-time chat, and other modern web, and have them work the same across browsers. Potential Disadvantage * Basic animation and media features. * Lack of good tooling to be productive in developing large sized HTML 5 applications. * Very limited support for media formats. * User may need to be connected to use an HTML 5 application. * Inconsistencies of HTML being implemented between web browsers (different parts of the standard are implemented). How to cite Html5, Papers

In I Love You’s Are For White People free essay sample

Paula EsquivelWatsonI Love You’sIn I Love You’s Are For White People: A Memoir by Lac Suit explains the life of a Vietnamese family who escaped from the Communists in Vietnam. Lac explains his journey for self-love and acceptance that hasn’t been given to him by his family. Despite being so young at the time he had to beat many obstacles such as his father being mentally, and physically abusive. Lac also wanted to pursue his dreams and his family moving to the United States of America was perfect for him. People tend to migrate to America because that is where you can live a your â€Å"dream†. Lac’s family also have similar dreams they wanted to have freedom and a better life but when they came to the United States of America they found it very complicated.Lac’s father would abuse him for example when Lac would get a homework question wrong Pa would hit him â€Å" the plastic rod from the mini blinds, a spatula, a rice bowl, a fishing rod, my notebook, a radio, antenna, a wooden yardstick, and a broom handle before settling on an extension cord as his weapon of choice† (pg 62). We will write a custom essay sample on In I Love You’s Are For White People or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Lac’s father would find and get anything in reach of him and hit Lac for doing something wrong. Lac felt like he had no love in his home, that he was unwanted and unappreciated. With Lac feeling unloved he then became very isolated from his family. He began robbing his parents, even if he knew that they were struggling financially.Being isolated from your family makes a person go out and look for that feeling of a family. Lac then started hanging out with Javi, he made Lac feel like he finally belonged somewhere. Lac would always be invited to Javi’s soccer games and Javi’s mother was nice to Lac. He did not care the price of having a friend he knew that feeling loved and appreciated meant more than money â€Å"When I get the money we are playing Spy Hunter, I do not mind because Javi’s reliance on my money gives the impression that we’re tight† (pg 94). Pa actually wants Lac to mature beyond his age, and become more independent. But Pa only knows one way to help his son Lac achieves his goals and it is based on Pa’s past experiences which are through brutal discipline and tough love. Although Lac did not understand where his father was coming from and why he was so hard on him. Deep down inside Lac would always love him because that is his father.