Ioannis Alexiou (Greece) (UWC-AC ’12-’14)
CRISIS: comes from the Greek word κρίνω (verb)(judge) -> κρίσις (noun)(crisis) –> crisis (Latin) –> crisis (English) –> crises (French) –> Krise (German)
Any crisis in the world economical, social, political and any other form of crisis is creating problems in everyone’s life. In the past few years we can easily see all around the world political, economical and social crises, sometimes even together.
In 2008 we saw the crisis in the U.S.A. with the bank system collapsing on its own dept and many people becoming homeless.
By the end of 2009 we saw a similar type of crisis appearing, in Greece, which forced Greece to enter the IMF in 2010.
In the beginning, with the entrance of Greece in the IMF, the whole EU had serious reasons to believe that Greece was a huge drawback in the whole EU’s economy. After Greece there were many countries entering the IMF, like Ireland and Portugal, and simultaneously there were many countries which were about to enter the IMF and go into the deep waters of an economic crisis. Continue reading →
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