Eurozone Crisis


Euro Zone

The Eurozone crisis may have a damaging effect on the intake of the economic region for the forthcoming financial year. The losses could be up to four hundred and fifty million dollars, which is double what it was predicted to be. By the end of this month Greece will have hopefully elected a government which will then decide if they want to stay in the Euro Zone or not, if they do or don’t the consequences on the world economy are still predicted to be heavy. After Greece its predicted that Spain will be the next country will be hit as they are currently taking bailouts at the moment to fix their weakening banking sector, if plans are written to counter the threat of Spain’s falling financial sector then the situation may slightly improve and breathe relief in to the Euro Zone and the global economy.