Skip to main content

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

Comments

Post a Comment

Popular posts from this blog

A Monumental 30-years Wait for Premier League Title is Finally Over for Liverpool

Finally, yeah finally. Liverpool, my beloved lads in Reds conquered the England. 30 years. It's been a long wait but this title run was worth the wait..... From the bottlers of 2013-14 to the one point loser of 2018-19, to the Champions of 2019-20; it's been a remarkable story I am chasing after since 2004-05 and I have seem many come and go but Liverpool's RED stuck to me and Jurgen Klopp's mentality monsters just bulldozed their way through the English Premiere League title after 30 years in such a way that it seemed it was never ever far away from our grasp. Manchester United, Manchester City, Everton, Arsenal, Chelsea, Tottenham Hotspur; look away now, guys.....this moment is ours to savour. There was a time when you laughed at us thinking how in hell Liverpool became 18 times champions of English Football bit this sweet 19th will remind you for a long, long time how we became 18-time English Champions at the first place. A huge shout-out to my man, Steven Ge...
Post a Comment
Read more

Book Review: Unanswered

'Unanswered' is a book penned by Mr. Kunal Uniyal and it's his third book. I am calling it a book, using a common noun to describe it and I have a good enough reason for doing so. It's a book that consists off both poems and prose and I was in real dilemma picturing its prognosis in my mind. It started with a poem named 'You and I' and beautiful it was, all poised and lyrical. And then came a snippet of a prose by the name 'Life of a Yogi'. They were really not connected and I was perplexed. Then I allowed myself some comfort and decided to dig up some more. Some more beautiful poems and accompanying yet again not quite related passages of prose followed but now they looked more in shape and very much in order. Now I was beginning to realize that there was more to this book than met my eyes earlier and it's scope is much wider that what I originally thought. You are required to engage yourself with this book and once you do that, you will know you ar...
Post a Comment
Read more

Two Faces of World Cricket: A Baffling Scenario

In months of March-April this year, ICC scheduled the World T-20 Qualifiers for associate teams in Ireland and Scotland. Two spots were reserved for 12 teams in World T-20 scheduled to be played in India in March 2016. Tricky scenario is that they will again have to participate in a qualifier event before the commencement of actual world cup where they will compete against the likes of Zimbabwe and Bangladesh. So you see how tough is their journey to the center arena of World Cricket. So in the aforementioned qualifier event, Nepal and Oman were competing in a match. I wanted to see the match live on Star Sports 1 which was the official broadcaster of this event. But I didn't get to see it for Star was supposedly broadcasting only 16 matches from the tournament. I was dumbfounded for I wanted to see the progress made by teams such as Papua New Guinea, Jersey, Oman, Namibia, Hong Kong, Nepal and many others first hand. But then again, some of my favorite teams qualified for the ma...
Post a Comment
Read more