What effect is it having on the EU?
What affect is is having on the EU?
The latest Financial crisis is having a big effect on the EU, what do you think people feel like if this is happening?
- In my opinion, I think they would feel very stressed and this is having a BIG impact on others, people are getting stressed and drinking alchohol, taking drugs etc to get the stress away.
Personal debt levels are at record highs and our banks are fast disappearing from the high street.
Low interest rate have left savers enduring a decade of paltry returns, but it's never been cheaper for mortgage borrowers.
1. Homes
House prices depend on what HOUSE you buy, some even go up to 10,000,000. Some are just 8,000.
Ten years ago you could get 5% on instant access savings, more than 6% on a one-year bond and 7% on a five-year bond from well-known established high street names.
In my opinion, I would like to find out how much money was taken away during the Financial crisis.
The response in Europe was largely one of increased government borrowing, offset by packages of tax rises and spending cuts. The approaches in France, Germany, Ireland, Italy, Spain and the United Kingdom have been in some ways similar, but important differences in the balance of taxes and cuts.
In the years before 2007/2008, Ireland and Spain appeared to have the healthiest fiscal positions.
Why do YOU think these happen?
Tell me your prediction why these might happen in the comments below!
Comments (7)
05 Dec 2018
Thinking about the EU and finance is great. A few students from your school are thinking about this. It's best to have the discussion under one post so we can get some conversation going on the topic.
You must put copied text from other places in quotations marks and show where you got it. I've noticed you've used parts of this article https://www.bbc.co.uk/news/business-45483636
Even better, put your research into your own words.
05 Dec 2018
@Tiff, I will try and do that from now on, thanks for telling me about that!
No problem decisive_dog, I look forward to seeing more from you on the Hub.
05 Dec 2018
£15,000,000,000 was taken away during the financial crisis, hope this solved the problem to what you wanted to know! By the way, £15,000,000,000 is fifteen billion pounds - $19,122,750,000 - nineteen billion and one hundred and twenty-two million, seven hundred and fifty thousand dollars.
06 Dec 2018
In the title you put 'What effect is it having on the EU?' In that title what is the 'it'?
06 Dec 2018
It is talking about thr Financial crisis! :)
Okay.
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