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My MBA Years and The Greek Debt Crisis


During my MBA years, the one topic in absolute rage was Sub-prime loan crisis of USA that triggered the global recession in year 2008. Heck, it was even more popular than the girls in class thanks in no small parts to some wannabe intellectuals. Helplessly, I was too among the brigade of these unfortunate creatures who had to go to the ordeal of daily devouring the gory details of stock market crises of USA and EUROZONE. I later on submitted a thesis on debt crisis of PIIGS countries for accruing my ill-fated PGDM degree. For those who didn't deal with this calamity in their academic years, I wanna tell them that PIIGS stood for PORTUGAL, Ireland, Italy, Greece and Spain.

Now fast forward the proceedings to 30th June, 2015 and situation is still grim for at least Greece, Italy and Spain. Italy and Spain cumulatively contribute to 28% of Eurozone GDP. Greece has declined the debtors' proposal for repayment of loans over the binding caluses of such agreement. They might have to retreat to their own currency of Drachma and shun Euro completely. Nationalisation of banks could be the next step for Greek Government to save some grace. They are also running the danger of getting evicted from Eurozone and that could be the real fatal flow to unification plan of European Council. In short, Europe is facing the issue of identity-crisis and Greece, yet again, finds itself at the centre of it.

The crux of this story is that it hasn't still lost its attraction. 5 years later, it again got me hooked and thus after getting many requests of my classmates and friends who wanna get underneath of this story, I have come back with a suggestion. Too Big to Fail is a television docudrama helmed by HBO few years ago and you could all refer to this brilliant feature film for becoming familiar with recessionary crisis of 2008. Fearlessly enacted by Paul Giamatti, William Hurt, and Billy Crudup, it provides an access to viewers as close as they can get to the surface of things in an entertaining yet intense manner. You will not be disappointed after watching it and that's a gentleman promise......after engaging two years of my life to this world event, I can harbour such bold confidence finally, I believe.........‪#‎GreeksInFix‬.......‪#‎TooBigToFail‬......‪#‎NakedEmotions‬

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