The European Debt Crisis

On Tuesday, we talked on class about the economic crisis of Europe. The European crisis is the name given to the Europe's fight to pay the debts it has built in recent decades. Greece, Portugal, Ireland, Italy and Spain failed to pay back bondholders the guarantee it was intended to be. This is one of the most important problems of the world's economy. How did the crisis begin? Greece was the first to feel the crisis. The growth solews, so tax revenues did also, making high budget deficits unsutainable. Investors responded by demanding higher yields on Greece's bonds, wich raised the cost of the country's debt burden and necessitated a series of bailouts by the European Union and European Central Bank. What did European governments do about the crisis? The first thing governments did was a series of bailouts for Europe's troubled economies. Greece has received some bailouts since the start of the crisis. Ireland and Portugal also received bailouts. The Eurozone member states also created the European Financial Stability Facility to provide emergency leading to countries in financial difficulty. The European Central Bank announced a plan to purchase government bonds if necessary. In addition, while smaller countries such as Greece are small enough to be rescued, Italy and Spain are too big to be saved. What were the political issues involved? In the affected nations, the push toward austerity led to public protests in Greece and Spain and in the removal of the party in power in Italy and Portugal. On the nation level, the crisis led to tensions between the fiscally sound countries, such as Germany, and the higher-debt countries such as Greece. Is fiscal austerity the answer? Not necessarily. Germany's push for austerity was problematic in that reduced government spending can lead to slower growth. In turn, this made it more difficult for the high-debt nations to dig themselves out. This measures led to massive public protests.

What I do to help?

Every month, my family donates money to Greenpeace and to Médecins Sans Frontières. We think that is very to preserve the environment because we are destroying the most important thing we have. Apart from that my mother is physiotherapist and she has also studied nursing so we also care about the health. I know I could do more but I don't have much time.

UNESCO

Beñat and I have done an article and a poster about UNESCO. We have explained the most important things, and if you want to read it, Click here

Forrest Gump

Today I have seen the film called "Forrest Gump" and I have enjoyed it a lot. It's a very good film that shows the several decades in the life of Forrest Gump, a naïve and slow-witted yet athletically prodigious native of Alabama who witnesses, and in some cases influences, some of the defining events of the latter half of the 20th century in the United States. It has become one of my favourite films.

Afghanistan war

To explain to our class mates the Afghanistan war, Beñat and I have made a mind map with the most important piece of informations.

Globalisation and me

What does globalisation mean for me? Every day we consume things that are made in other countries and we don't care about it. Thanks to the globalisation Nike trainers are made in China and quickly share out to all over the world. Also products are cheaper because in other developing countries like China, Vietnam etc. However, it has a lot disadvantages such as the growing of consumerism. In addition, environment is being injuried because factories are throwing away a lot of litter to the rivers, for example. In my point of view, we should try to help all countries. Some countries are becoming poorer and that's not right. That's why we should regulate the way they are doing it.