The Domino Effect

by Kaylee Astle on February 10, 2010

200452489-001In light of our new approach to finance, my eyes caught an article in the New York Times in regards to the European debt crisis. Within the European Union, twelve countries use the Euro currency, including Greece. Unfortunately, Greece is faced with debt that it cannot pay off; causing many to believe this could have adverse effects on global markets. Currently, these debt issues aren’t a liability to North America, but if they aren’t handled, they could be.

We are all aware of the recovery the U.S. and Canada are currently undergoing, following the recent recession, so news of financial woes in Europe worry many people.

As a first year, I don’t concern myself with how global financial standings will affect my job, because I don’t have one. Unfortunately, I do worry about how my future may be affected by these economical domino effects and financial crises.

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