Tag Archives: Financial Crisis

Grexit on the Loom

It has been several days now that most of my shares in the stock market are colored red although I have already gained from my initial investments but it still didn’t reach my target goal yet. On the other hand, I am also skeptical of selling it for this might only be a short term decline and who knows it will start climbing back again in the coming week. And this might be caused by the economic turmoil in Greece that was provoked by the global financial crisis four years ago.

While based on reports and statistics, Greece’s two biggest contributor of their GDP is tourism and shipping. And when the Eurozone was hit by the financial crisis, those two industries have been in a decline. But of course it doesn’t point only to those of the two mentioned factors and could only be minimal comparing to the Greek government debt crisis.

And there have been so many speculations and there’s a possibility that Greece could leave the Eurozone and will have a big impact to the Eurozone stocks if Greece makes a disorderly exit from the Euro zone. Thus creating the slang word “Grexit”.

The Global Financial Crisis

The global financial crisis has shaken up many countries and some are still even trying to recover. And it has affected many homeowners as they are forced to relocate to areas with affordable mortgage while the prices of household commodities continue to go up. So living in a big or extended family is sometimes challenging for you have to find ways how to balance your finances with the growing monthly expenses.

In fact, many are now living from paycheck to paycheck because utility bills have increased as well especially in this cold winter season and the holiday is around the corner. And even how tight the budget may be yet people are still looking and buying gifts for their loved ones but I’m sure they are cutting some of their expenses just to accommodate their daily needs. Some just don’t have any choice at all but to foreclose their houses as mortgages increase and service rise. For sure many can relate in this situation and even the well-off families are affected and feeling the pressure as well.

Image from wikimedia commons.