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Essay sample - Media Literacy
Journalism & Communication
Pages 3 (753 words)
Dynamics of Global Communication: Greece, Creditors Begin Talks on New Bailout Name Course Tutor’s Name Date Story Significance The article, “Greece, Creditors Begin Talks on New Bailout” is an important story, especially to the investors in the country, policy planners and multinational corporations in the country…
Greece’s economy suffered huge debts, subsequently making its budget inadequate to finance its operations. To solve the problem, Greece’s government applied a number of interventions, including a consideration to tax all the deposits in the country’s financial institutions. However, the most effective intervention of all the proposals made was the country’s financial bill out by different European countries and financial institutions. As the article reports, with the end of the financial crisis, Greece has the potential of going back to original status, or even better. Addressed audience in this artic le are the country’s policy makers, the government, especially in drafting the expenditure budgets, the investors (both operating or eyeing the country), multinational companies in the country or those hoping to take advantage of the end of the crisis and finally other countries that overspend in their budgets, relying heavily on borrowings. The significant information contained in this story is essential for the world, especially. As different countries develop their own policies, they are obliged to put into consideration the effects of economic recession. Additionally, countries strategically can plan on how to avoid a recession. ...
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