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The Eurozone Debt Crisis Explained.

Written by at PayPlan, Grantham on

Unless you have been living on the moon for the past couple of months you will be well versed on the impending doom that is a “double dip” recession. But do any of us really understand what this means for each of us?

If reports are anything to go by, we are indeed heading into our second recession in five years and we should expect to see a domino effect with consumer spending going down, less money going into the economy, jobs getting cut and unemployment rising and finances getting stretched to their limits.

Memories are still fresh in people’s minds from the last time, with many still picking up the pieces; we can only hope that we have learnt lessons from the last time to help us through what is certain to be a difficult time for us all.

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4 comments

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  • Arthur Miller

    You have done a great job of explaining the debt crisis using graphs.

  • Mike Stallard

    I just want to say “Thank you” for a really clear and factual analysis of a very well thrashed out problem.
    Well done!

  • Chris

    Excellent graphics. Very well explained.

  • Ray

    So- why aren’t the financial vultures picking on Belgium as well as Greece? And why are Portugal & Spain seen as weaklings?
    And why can’t nationalised banks lend to businesses? would be a darn sight better use of all that new Govt generated money than QE. Or previous consumer debt bubble.

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