by Five Fantastic Lawyers™
June 28, 2012
Banking and Finance Law
(US Law) There is a lot of information presented by the popular media on bankruptcy in the United States. The perception that many people have is that they can run up all the debt they want and then the courts will just discharge it and allow the consumer to start over again. Nothing could be […]
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by Five Fantastic Lawyers™
June 26, 2012
Banking and Finance Law
The Greece bailout situation is one of the most significant news stories of recent weeks and has dominated the headlines of newspapers and TV broadcasters alike. This article will highlight – in a simplistic manner – the cause of Greece’s debt, the knock-on effect for other European countries and the possible solution to the crisis. The Cause Of Greece’s Debt Greece’s precarious situation can be pinned back to 2001 when they deceptively joined the EMU (Economical and Monetary Union) by downplaying their levels of debt in order to pass the obligatory requirements of the group. Once Greece became a part of the group, they acquired the ability to borrow […]
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