Eurozone Reform

Greece 2

In this BBC article published on July 10th, the audience begins to see the financials Greece demands. The article builds it credibility by quoting Jeroen Dijsselbloen, the head of Eurozone finance ministers, Greek Prime Minister Alexis Tsipras, European Council President Donald Tusk, and German Chancellor Angela Merkel. The Greeks latest proposal is trying to “secure further bailout from its creditors.” The Greek Parliament will vote on Mr. Tsipras’ proposal and then it will be sent to the finance ministers. The European Union is proposing 240 billion euros for the bailout and leaving tax rises, pension reforms, spending cuts, and a transfer of ownership from government to a private or public sector. Mr. Tsipras has made it very clear that Greece will not surrender to the demands of Europe. There is a divide between how the continent wants to handle the situation in every single way. President Tusk supported the debt reduction, while Chancellor Merkel ruled out debt reduction. To further their logos, BBC presents a multitude of data and statistics. Including numbers like a 25% decline in GDP since 2010 and 26% unemployment rate. This means approximately Greece’s production fell $310.2 billion and 2.9 million Greeks are not working. Greece’s debt has accumulated to 320 billion euros, which is $356.3 billion USD. All over Greece banks are either limiting the amount of money allowed out or completely closed. The only way that this problem can be solved is through compromise because neither end is willing to yield to the others request.

http://www.bbc.com/news/world-europe-33472699

One thought on “Eurozone Reform

  1. Your evaluation of the article is very informative and shows how credible the source is. The numbers and percentages you included help readers understand the logistics of this problem. Writing about the examples of ethos and logos displays your research of the issue.

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