Earlier this year the fear of the great national debt if Greece called for a huge solution- a solution to the tune of 980 billion dollars as reported by the New York Times, earlier . 600 billion of it is coming from the EU and 317 billion from the IMF. This decision is somethingd that many are hoping will not only fix the Grecian debt crisis but will also serve to bolster confidence in other Western Markets, namely the US. President Obama talked with French president Sarkozy and the Gernan chancelor in an attempt to come to a concise conclusion . Many countries are now showing their true economic colors at this moment, because the Implications of the debt crisis may resonate strongly with the whole world.
David DePino
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