Hi everyone,
as Isabell has already said, this week's SSL will be looking at economic crises and whether they promote cooperation or competition.
Here is a video for you to watch of the example we will be using, of Greece's financial crisis:
- no confidence votes for the government
- "punishing austerity measures"
- 20% unemployment rates
- 20% cuts to pensions
- minimum wage cut to just 700E a month
As we know, Greece has been offered "bail outs" from the IMF of billions of euros - do you think that this will promote further cooperation within the European Union as all countries are struggling, or more competition as all the European economies fight to keep themselves afloat?
See you on Thursday!
-Rachael.
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