FIN 260 Lecture Notes - Lecture 16: European Debt Crisis, Epicenter, Financial Statement
Document Summary
The u. s. had to bail greece out & keep them from going bankrupt: greece was the epicenter of the european financial crisis. If a gov"t spends a lot of money, it can wreck the currency: in (cid:884)(cid:882)(cid:882)(cid:883), just after greece was admitted to europe"s monetary union, Why or why not: no, even though they made money in the short-run, it caused a lot of problems in the long run for a lot of people, including their own shareholders. Finance is incredibly important for: economic growth, technological invention, science, arts. B/c it"s so important, it can cause a lot of problems when financials markets don"t work well. B/c regulation doesn"t work as well either, you can expect financial crises. Regulation doesn"t have teeth any behind it. to occur: q: why didn"t canada suffer during the financial crisis, canada has stronger regulation.
