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Greece, The “Ouzo Effect,” and the Future of the Euro
Ouzo is the national drink of Greece, often drank in large amounts with friends, and usually guaranteed to give you a throbbing headache in the morning. Now, after the current revelations of the way both the Greek government and people borrowed, until the nation is on the verge of bankruptcy. The “ouzo effect” is spreading across Europe, and affecting the future of the common European currency, the Euro.
Is Losing Your Home a Good Thing?John Healey who is the housing minister of this fair country stated yesterday that losing your home may be a good thing. This comes on the back of about 46000 people losing their homes in 2009 which is a 15% increase on 2008.
