Euro Crisis in terms of the Greek Debt Issue Research Paper

Euro Crisis in terms of the Greek Debt Issue - Research Paper Example This aspect caught the government of Greece unawares because the expenditure that had been made on the defense equipments was so high meaning that the rest of the country’s economy had been under budgeted. The major economic sources that comprised of tourism and the shipping industry were adversely affected by the economic deterioration that had hit all parts of the world. Lack of monetary fund to plan and budget for the governmental and non-governments needs arose in 2010. This caused the government of Greece to request for a loan in late April in the year 2010 from the European Union and International Monetary Fund (IMF) so that it could be able to cater for its needs and the needs of its citizens. Researchers announced few days after the issuing of the loan that the Greek government could not be able to repay the loan thus the investors that have invested in the Greek government and companies risked losing almost half of their investments. This announcement caused fear amon g the investors, existing and willing investors, and they withdrew from their original plans to avoid further losses. Effects of the crisis of Greece The Greek government had to introduce drastic measures that led to the infliction of high economic standards to the citizens of Greece in May that year. The high cost of living and low-income rates due to high taxes and other governmental requirements made the Greek citizens to have a series of peaceful protests, which later turned into social instability and riots in Greece. The International Monetary Fund in conjunction with European Union intervened and added an additional loan to the Greek government in 2011 on condition that it could regulate the flow of money and economy (James, 2001). In addition, Greece was supposed to come up with a structure of repaying the loan. This structure was to be produced by the Greek government and agreed upon by the International Monetary Fund, European Union and the Greek government. The European U nion gave pressure to the prime minister of Greece due to the improper management and governance during his regime and threatened to withdrawal part of the loan that they were supposed to process for the Greek government. This led to George Papandreou step down to give room for an election of a new and focused regime to cover for the damages caused and give room for more external and internal donations and loans. The resigning of the prime minister caused or led to the release of the percent of the loan that had remained and the appointment of an interim prime minister to take control of the debt repayment and proper use of allocated funds. Scholars and economic analysts has been following up the case of the Greek economic break down and that of the European Union and are suggesting a possible break through for the European nations. The economic analysts are suggesting that the Greek government should stop using Euros and bring back its former currency, drachma, as its currency unti l it stabilizes. However, this would result in a political and economical instability and deterioration (Drazen, 2011). Some scholars argue that the reintroduction of the drachma would result to a more than 50% fall in its value if Greece chose to drop the use of Euro. This would mean that that the Greek government would suffer from high rates of inflation and there are possibilities of riots, military coups and war. In order to avoid this outcome, the

Aspects of Psychology Unit 5 Essay Example | Topics and Well Written Essays - 1750 words

Aspects of Psychology Unit 5 - Essay Example A good example for this stage is Homer and Marge Simpson. They show much affection and caring for their children and these parental acts are the general scenario of Generativity. It is the Simpson’s family that embodies sentiments of affection, caring, greed, self-indulgence, self-centeredness, and lack of enthusiasm in individuals, and the larger world. Integrity versus Despair As defined by Erikson (1997), integrity is a feeling of peace. No melancholies or accusations. The connection between the stages is possibly more evident here than anywhere else: individuals are more likely to reexamine their lives enthusiastically and contentedly if they have made a difference to the world (Erikson, Erikson & Kivnick, 1986), like Warren Schmidt. Schmidt’s personality embodies acceptance and Integrity. However, Schmidt also embodies the opposite nature when he shows feelings of regrets and missed opportunities, or what Erikson refers to as Despair. This stage is an excellent win dow through which an individual can reexamine his/her life—prior to reaching old age (Erikson et al. 1986). Fortunately these days for numerous individuals it is usually possible to make amends, even in the midst of despair. A Study Supporting ‘Generativity versus Stagnation’ According to the study of Kenneth Coll and colleagues (2006) on the psychosocial development of adolescent offender, enhancing generativity and lessening stagnation methods require integrating the five therapeutic exercise of John Bowlby for developing stronger relationship. Basically, the study supports Erikson’s theory by stating that providing an individual a stable foundation to examine a variety of depressing and difficult life features, promoting considerations of means where in to experience relationships with existing major figures, supporting analysis of each relationship linked to building sympathy for the other individual’s ideas, promoting consideration of how exist ing ideas and anticipations emerge from childhood experiences and the embedded meanings from others, and aiding to understand that the detrimental self-realizations are rooted in negative experience and can be altered. A Study Supporting ‘Integrity versus Despair’ According to the study of Kylie Rylands and Debra Rickwood (2001) on ‘the effect of accepting the past on depression in older women’ accepting the past, just like what Erikson argued, was a significant way to reduce depression in people, particularly in older people. The comparative strength of the ego-integrity process of later-life personality, as actualized by making amends of the past, was experimented as a determinant of depression in a multivariate approach consisting of other quite recognized determinants, such as negative and positive affectivity, physical reliance, social assistance, and age. References Coll, K.M., Thobro, P. & Haas, R. (2006). ‘Outcome Evaluation of Adolescent Offe nder Psychosocial Development: A Comparative Study’. Journal of Humanistic Counseling, Education and Development, 45(2), 208+ Erikson, E., Erikson, J.M., & Kivnick, H.Q. (1986). Vital Involvement in Old Age. New York: W.W. Norton. Erikson, E. & Erikson, J. (1997). The Life Cycle Completed. New York: W.W. Norton. Ewen, R.B. (2003). An Introduction to Theories of Personality. Mahwah,

The Need for Available Contraceptives Essay -- Birth Control Children

The Need for Available Contraceptives With each miraculous birth the world’s population heads further towards destruction due to overpopulation. Globally, the population is increasing at a rate of 1 billion every decade, a rate that mankind has never seen before (Bongaarts). Most of this huge increase in population is in developing countries where the population is currently 4.3 billion and is expected to more than double within the next hundred years (Bongaarts). Considering that the world’s resources are already being stretched to sustain the current population a high birth rate will be catastrophic if if is allowed to continue. This population boom must be stopped in order to ensure that future generations can experience the standards of living we enjoy today. Though the high birth rate is mainly due to developing countries, all of humanity must work together to overcome it. Hope for the future is only possible if the developed world supports the effort with funds and resources. The key weap on in this battle is birth control, which must be spread globally to those who lack means of controlling their fertility. Although one little child does not put a significant stress on the world’s resources, the number of children currently being born will cause irreversible and unreasonable demands on the earth. President of the Population Institute Werner Fornos warns, â€Å" Population growth is a leading contributor to environmental degradation† (â€Å"Keynote address†). Environmental degradation happens and will continue to happen as we pollute the earth, contribute to global warming, create landfills, and consume our precious and often nonrenewable resources (Bongaarts). Realizing the drastic damage our population h... ...ption and Induced Abortion in Rural Ghana.† Tropical Medicine & International Health 7 (2002): 708-716. Hartmann, Betsy. â€Å"Population Control I: Birth of an Ideology.† International journal of health services 27 (1997): 523-540. â€Å"Keynote address.† Boston College Environmental Affairs Law Review 21 (1994): 251-256. â€Å"Nothing is unthinkable.† The Lancet 336 (1990): 659(3). Rosenfield, Allan. â€Å"The Fifth Freedom Revisited: I, Background and Existing Programmes.† The Lancet 336 (1990): 1227-1232. Sharpless, John. â€Å"World population Growth, Family Planning, and American Foreign Policy.† Journal of Policy History 7 (1995): 72-102. United Nations Secretariat. Dept. of Economic and Social Affairs. Population Division. Fertility, Contraception and Population Policies. 25 April 2003. â€Å"Whose future? Whose world?† The Lancet 342 (1993): 1125-1127.

Downfall from Arrogance

Downfall from Arrogance The Crucible Is a peculiar name to put for a play. In literal meaning, a crucible Is a special pot In which you put materials In. The pot then goes In the fire, and you end up melting the contents, but not the pot itself. The way Miller named his play as The Crucible is what literary experts call symbolism. Arthur Miller's basic purpose of writing this play was to signify that people react to situations in many dfferent ways. In that same way, he symbolizes the attributes of each character as well.In this play, The Crucible, the character Reverend Parris's consistent arrogance conveys the uthor's message that before anything else, people will always tend to care for themselves. Reverend Parris's personality trait can be examined through chronological order † from Act 1 to Act 4. Who was Reverend Parris? As described in Act 1, Parris is the head of the church of the town, and he is considered a respectable person. In his mid-forties, he has already lost h is wife, and has a daughter named Betty. In Act 1, Reverend Parris plays a dominant role, along with his arrogance and pride.At the beginning of this act, when Betty is on the bed lying what seems to be nconscious, Reverend Parris tells Thomas Putnam, â€Å"leap not to The people wanted to call In Reverend Hale, the towns expert on witchcraft, to examine Betty and find out what had been going on. Parris, through his arrogance, decided that it would not be a good idea to call in Hale because if Betty were to be announced as a witch, it could ruin his name, since she was his daughter. Just to save his name of being the head preacher of the town, he persisted on not calling in Reverend Hale.Parr's, along with his undermining arrogance, created a saddening effect on the the town. He Is the main pastor, and so when people hear things from him, they tend to believe him. All that he did was not to keep the people of the ton away from evil. He did what he did so he would hear what he wante d to hear. He wanted to hear that he would not lose his position. Eventually, he did give in and towards the end of Act 1, they do call in Hale. Parris was not at all present in Act 2 directly, although he was in fact mentioned once when they talked about a book in which he kept a record of all the people present on Sabbath Day.Throughout the whole act, however, there was ot a single Instance where his arrogance took an effect on any of the people. In Act 3, however, his arrogance plays a crucial role. When Danforth is talking to John Proctor and Abigail, he decides to step in and say to Danforth that â€Å"this is a trick to blind the court! † (107). He does this again to protect his own name because he does not want Danforth to believe what Mary Warren is saying. During the trial, he asks Mary Warren to faint in front of all the people, falsely. The reason for his demand is because he Is grasping for evidence to prove that Abigail and the girls are not guilty.Parris has a c onvincing effect on Danforth throughout the whole of the trial because he is trying to protect Abigail, and Danforth has come to a point where he cannot go back. Danforth's own arrogant nature wont let him reconsider his decisions. Since Abigail has already been proven innocent, Danforth literally won't listen to new evidence unless some creative logic occurs. Once Elizabeth comes to the trial, Parris Is even more Olstraugnt He tnlnKs tnat EllzaDetn wlll agree wit n Proctor aoout tne adultery he committed, and thus ruin his name for sheltering an adulterer. Ironically, that does not happen.Elizabeth, who Just wanted to save her husband's name, said that Proctor did not commit adultery. All this while, she knew that he did. At the end of Act 3, we can see that Parris's arrogance and prideful nature is helping him to get through another round of impulsive evidence put indirectly against him, that could have again hurt his position in Salem. Act 4 is the last act of the play, and in th is act, everything changes. Parris comes running to the Jail, where he tells Danforth that Abigail has vanished, along with all of his money. He asked Betty, who told him that they girls were talking about some ships.Within the lines, we can interpret that Abigail disappeared by riding off on a boat. Parris's view of the whole situation changes, because he then realizes that he made a grave mistake by blaming innocents. He pleads to Danforth to postpone execution and to free the accused, but Danforth, again with his pride that he never failed to make the right decision, decides that he will not reconsider his decision. When Proctor tears up the paper that could have saved his life, Parris looks unto him in utter astonishment. If Parris was in such a situation, he would probably live with the shame, although his arrogance might ake him suffer.That happens when he realized that people are turning against him. He â€Å"fear[s] that there will be riot here† (127). He completely b reaks down in front of Danforth after he recounts the knife incident. In conclusion, Parris signifies many different characteristics, but his most important trait being his arrogance, and it affected him negatively. This essay analyzed this trait through the chronological order of acts, from Act 1 to Act 4. He may have gotten through with his arrogance by directing people to love him and keep him in his position, but when the people

Biography of Ferdinand Marcos, Philippines Dictator

Ferdinand Marcos (September 11, 1917–September 28, 1989) ruled the Philippines with an iron fist from 1966 to 1986. Critics charged Marcos and his regime with crimes like corruption and nepotism. Marcos himself is said to have exaggerated his role in World War II. He also murdered a family political rival. Marcos created an elaborate cult of personality. When that state-mandated adulation proved insufficient for him to maintain control, President Marcos declared martial law. Fast Facts: Ferdinand Marcos Known For: Philippines dictatorAlso Known As: Ferdinand Emmanuel Edralin Marcos Sr.Born: September 11, 1917  in Sarrat, PhilippinesParents: Mariano Marcos,  Josefa EdralinDied: September 28, 1989  in Honolulu, HawaiiEducation: University of the Philippines, College of LawAwards and Honors: Distinguished Service Cross, Medal of HonorSpouse: Imelda Marcos  (m. 1954–1989)Children: Imee,  Bongbong,  Irene, Aimee (adopted)Notable Quote: I often wonder what I will be remembered in history for. Scholar? Military hero? Builder? Early Life Ferdinand Edralin Marcos was born on Sept. 11, 1917, to Mariano and Josefa Marcos in the village of Sarrat, on the island of Luzon, the Philippines. Persistent rumors say that Ferdinands biological father was a man named Ferdinand Chua, who served as his godfather. Officially, however, Josefas husband Mariano Marcos was the childs father. Young Ferdinand Marcos grew up in a privileged milieu. He excelled at school and took an eager interest in things like boxing and shooting. Education Marcos attended school in Manila. His godfather Ferdinand Chua may have helped pay for his educational expenses. During the 1930s, the young man studied law at the University of the Philippines, outside of Manila. This legal training would come in handy when Marcos was arrested and tried for a 1935 political murder. In fact, he continued his studies while in prison and even passed the bar exam with flying colors from his cell. Meanwhile, Mariano Marcos ran for a seat on the National Assembly in 1935 but was defeated for a second time by Julio Nalundasan. Assassinates Nalundasan On Sept. 20, 1935, as he was celebrating his victory over Marcos, Nalundasan was shot dead at his home. Ferdinand, then 18, had used his shooting skills to kill Nalundasan with a .22-caliber rifle. Marcos was indicted for the killing and convicted by a district court in November of 1939. He appealed to the Supreme Court of the Philippines in 1940. Representing himself, Marcos managed to get his conviction overturned despite strong evidence of his guilt. Mariano Marcos and (by now) Judge Chua may have used their political power to influence the outcome of the case. World War II At the outbreak of World War II, Marcos was practicing law in Manila. He soon joined the Filipino Army and fought against the Japanese invasion as a combat intelligence officer in the 21st Infantry Division. Marcos saw action in the three-month-long Battle of Bataan, in which the Allied forces lost Luzon to the Japanese. He survived the Bataan Death March, a week-long ordeal that killed about a quarter of Japans American and Filipino POWs on Luzon. Marcos escaped the prison camp and joined the resistance. He later claimed to have been a guerrilla leader, but that claim has been disputed. Post-War Era Detractors say that Marcos spent the early post-war period filing false compensation claims for wartime damages with the United States government, such as a claim for almost $600,000 for 2,000 imaginary cattle of Mariano Marcos. Marcos also served as a special assistant to the first president of the newly independent Republic of the Philippines, Manuel Roxas, from 1946 to 1947. Marcos served in the Philippines House of Representatives from 1949 to 1959 and the Senate from 1963 to 1965 as a member of Roxas Liberal Party. Rise to Power In 1965, Marcos hoped to secure the Liberal Party nomination for the presidency. The sitting president, Diosdado Macapagal (father of current president Gloria Macapagal-Arroyo), had promised to step aside, but he reneged and ran again. Marcos resigned from the Liberal Party and joined the Nationalists. He won the election and was sworn in on December 30, 1965. President Marcos promised economic development, improved infrastructure, and good government to the people of the Philippines. He also pledged help to South Vietnam and the U.S. in the Vietnam War, sending more than 10,000 Filipino soldiers to fight. Cult of Personality Ferdinand Marcos was the first president to be reelected to a second term in the Philippines. Whether his reelection was rigged is a subject of debate. In any case, he consolidated his hold on power by developing a cult of personality, like those of Joseph Stalin or Mao Zedong. Marcos required every business and classroom in the country to display his official presidential portrait. He also posted giant billboards bearing propagandistic messages across the country. A handsome man, Marcos had married former beauty queen Imelda Romualdez in 1954. Her glamour added to his popularity. Martial Law Within weeks of his reelection, Marcos faced violent public protests against his rule by students and other citizens. Students demanded educational reforms; they even commandeered a fire truck and crashed it into the Presidential Palace in 1970. The Filipino Communist Party reemerged as a threat. Meanwhile, a Muslim separatist movement in the south urged succession. President Marcos responded to all of these threats by declaring martial law on September 21, 1972. He suspended habeas corpus, imposed a curfew, and jailed opponents like Benigno Ninoy Aquino. This period of martial law lasted until January 1981. Dictatorship Under martial law, Marcos took extraordinary powers for himself. He used the countrys military as a weapon against his political enemies, displaying a typically ruthless approach to opposition. Marcos also awarded a huge number of government posts to his and Imeldas relatives. Imelda herself was a member of Parliament (1978-84); Governor of Manila (1976-86); and Minister of Human Settlements (1978-86). Marcos called parliamentary elections on April 7, 1978. None of the members of jailed former Senator Benigno Aquinos LABAN party won their races. Election monitors cited widespread vote-buying by Marcos loyalists. In preparation for Pope John Paul IIs visit, Marcos lifted martial law on Jan. 17, 1981. Nonetheless, Marcos pushed through legislative and Constitutional reforms to ensure that he would retain all of his extended powers. It was purely a cosmetic change. Presidential Election of 1981 For the first time in 12 years, the Philippines held a presidential election on June 16, 1981. Marcos ran against two opponents: Alejo Santos of the Nacionalista Party and Bartolome Cabangbang of the Federal Party. LABAN and Unido both boycotted the election. Marcos received 88% of the vote. He took the opportunity in his inauguration ceremony to note that he would like the job of Eternal President. Death of Aquino Opposition leader Benigno Aquino was released in 1980 after spending nearly eight years in prison. He went into exile in the United States. In August 1983, Aquino returned to the Philippines. Upon arrival, he was hustled off the plane and shot dead on the runway at the Manila Airport by a man in a military uniform. The government claimed that Rolando Galman was the assassin; Galman was immediately killed by airport security. Marcos was ill at the time, recovering from a kidney transplant. Imelda may have ordered Aquinos killing, which sparked massive protests. Later Years and Death Aug. 13, 1985, was the beginning of the end for Marcos. Fifty-six members of Parliament called for his impeachment for graft, corruption, and other high crimes. Marcos called a new election for 1986. His opponent was Corazon Aquino, the widow of Benigno. Marcos claimed a 1.6 million vote victory, but observers found an 800,000-vote win by Aquino. A People Power movement quickly developed, driving the Marcoses into exile in Hawaii, and affirming Aquinos election. The Marcoses had embezzled billions of dollars from the Philippines. Imelda famously left more than 2,500 pairs of shoes in her closet when she fled Manila. Marcos died of multiple organ failure in Honolulu on Sept. 28, 1989. Legacy Marcos left behind a reputation as one of the most corrupt and ruthless leaders in modern Asia. The Marcoses had taken with them more than $28 million in cash in Philippine currency. President Corazon Aquinos administration said this was only a small part of the Marcoses illegally gained wealth. Marcos excesses are perhaps best exemplified by his wifes extensive shoe collection. Imelda Marcos is reported to have gone on shopping sprees using state money to buy jewelry and shoes. She amassed a collection of more than 1,000 pairs of luxury shoes, which earned her the nickname, Marie Antoinette, with shoes. Sources Britannica, The Editors of Encyclopaedia. â€Å"Ferdinand Marcos.†Ã‚  Encyclopà ¦dia Britannica, 8 Mar. 2019..Ferdinand E. Marcos Republic of the Philippines-Department of National Defense.â€Å"Ferdinand Marcos Biography.†Ã‚  Encyclopedia of World Biography.

Howard Zinn Defines American Exceptionalism As The Belief

Howard Zinn defines American exceptionalism as the belief â€Å"...that the United States alone has the right, whether it be divine sanction or moral obligation, to bring civilization, or democracy, or liberty to the rest of the world, by violence if necessary.† The American exceptionalist ideology has domestic implications found in political rhetoric and within the founding of the United States. External implications of exceptionalism are evident in American foreign policy and militaristic interventions such as Vietnam and Iraq. A new definition of has arisen, highlighting the negative implications of exceptionalism, â€Å"Roast beef and apple pie explained exceptionalism but now we are back to moldy rye bread and water.† American politicians†¦show more content†¦When American politicians use exceptionalism and the exhausted phrase â€Å"city upon a hill† to justify their decisions, policies, and actions, it violates the establishment clause and is not a sufficient justification of governmental conduct. Spreading this type of religious nationalism is not proactive in building trust in the government either. The percentage of Americans who reported trusting the government has dropped from seventy five per cent to nineteen per cent in half a century (We The People Textbook). While it does gain support, it has no correlation with an increase in political efficacy to which it appeals. The United States portrays itself as the sole country with the notion that they have a unique mission to spread the ideals of liberty and democracy. However, many other countries have a very similar outlook. At a press conference in Strasbourg, France, President Barack Obama accentuates this point. He says, â€Å"I believe in American exceptionalism, just as I suspect that the Brits believe in British exceptionalism and the Greeks believe in Greek exceptionalism,† in response to a question regarding America s unique role in the North Atlantic Treaty Organization in terms of exceptionalism. Interestingly, Australian politics use a similar phrase â€Å"the light on the hill† introduced by Prime Minister, Ben Chifley, at an Association of Leadership Program Conference in 1949 (Speech by Ben Chifley). Chifley’s speech has resonated with Australians to justify the

Border Blues the Dilemma of Illegal Immigration - 791 Words

Border Blues: The Dilemma of Illegal Immigration By: Farai Chideya I. Research Question: Immigration is a rapid growing issue for the United States. For a long time people from other countries have been coming here to look for bigger and better things for themselves, as well as for their families. This article digs to the core of the issue, illegal immigration. Chideya wanted to know three things: 1) What is the reality behind the perceptions of Mexican Americans, 2) How do the residents of El Paso look upon the Mexicans, and 3) How do Mexican-Americans see themselves and their cousins across the border. II. Theoretical Perspectives: A. Realism is a big part for the conflict of illegal immigration. The idea behind realism is†¦show more content†¦Yet they, again, make the decision to stay. Diana says that to her America is better because even though there are barriers between illegals and others, America is still the â€Å"Land of Opportunity.† I imagine most â€Å"illegals† feel this way. Otherwise, we would not be discussing this topic as a  "problem.† D. Idealism is a qualitative and individualistic approach to research. Chideya’s interviews with the people in the article were open-ended. She talked to people on both sides of the issue: the border patrol and the border crossers. She wanted to know how the border patrol deals with immigrants that are caught crossing the border illegally. And she wants to know how immigrants, who have successfully crossed the border, deal with life in America as an â€Å"illegal alien.† E. Symbolic Interactionism is shown, particularly, in Chideya’s interview with Diana about school. Diana mentions how she started to feel inferior when she told her teacher she was illegal. The teacher responded â€Å"Honey, don’t say that out loud. You could get your parents in a lot of trouble.† Diana also mentions how her feelings of inferiority are due to the things she can’t do, like apply for college. So she doesn’t apply but she works menial jo bs instead. She is hoping to apply for a green card to overcome these barriers. F. Conflict Theory is evident in this article in the most literal aspect ofShow MoreRelatedThe Impact Of Immigration On The United States1415 Words   |  6 PagesRecent immigration has not only increased since the end of World War 2, but also gained momentum, reaching numbers in the 1990s. The national origin of US immigrants also changed sharply over the past fifty years. Before 1960, the vast majority came from European countries or Canada. Even as late as the 1950s, more than two-thirds of all arrivals were from these countries. 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