The Eurozone Debt Crisis Explained.

Written by Payplan on 22 November 2011

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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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This article was checked and deemed to be correct as at the above publication date, but please be aware that some things may have changed between then and now. So please don't rely on any of this information as a statement of fact, especially if the article was published some time ago.

3 thoughts on “The Eurozone Debt Crisis Explained.”

  • Arthur Miller

    November 23, 2011 at 6:00 am

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

    Reply Report comment

  • Mike Stallard

    November 23, 2011 at 4:53 pm

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

    Reply Report comment

  • Chris

    November 28, 2011 at 4:51 pm

    Excellent graphics. Very well explained.

    Reply Report comment

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