http://www.nytimes.com/2011/11/30/business/global/italy-and-belgium-borrowing-costs-soar.html?_r=1&scp=4&sq=Greece&st=cse
With the euro zone debt crisis worsening by the day, finance ministers from the 17 countries that use the currency approved more loans on Tuesday to stave off a Greek default and agreed to bolster their bailout fund.
Though a goal of 1 trillion euros, or $1.3 trillion, was set for the expanded bailout fund. But some people think that this will be difficult to reach.
Then What happened in Greece?
Over the last decade, Greece went on a debt binge that came crashing to an end in late 2009, provoking an economic crisis that threatened both Europe’s recovery and the future of the euro.
Since then, Greece has relied on a package of €110 billion, or $152.6 billion, agreed to by its richer European neighbors in May 2010.
http://topics.nytimes.com/top/news/international/countriesandterritories/greece/index.html?scp=1-spot&sq=Greece&st=Search
Why we should know?
Because, it is all connected.
A chaotic Greek default have been influenced on European banks and cause a bank panic. This circumstance can make other four shaky nations-Italy, Spain, Ireland, Portugal worsen.
http://www.nytimes.com/interactive/2011/10/23/sunday-review/an-overview-of-the-euro-crisis.html?ref=greece
S. Korea's Lee signs bills to implement FTA with U.S
South Korean President Lee Myung-bak on Tuesday signed agreement on FTA with U.S.
"The free trade agreement will open the door to the American market, which is the world's largest," Lee said after signing the bills. "Let's overcome (economic difficulties) by taking advantage of the agreement."
Policy think tanks here say the bilateral deal will create 350, 000 new jobs and increase South Korea's gross domestic product ( GDP) by 5.66 percent, but critics dispute the estimate.
Claiming the deal only favors Washington's interests and will be a blow to the agricultural industry and small business owners, liberal.
English.news.cn 2011-11-29 17:24:52
comment
In these days, doing FTA with U.S has been hot potato in Korea. Many pros and cons are in confrontation with each other. This issue is very complex, because it gets tangled with politically and economically.
Choi Hyo-jong is sued
Comedian Choi hyo-jong is sued for making fun of politicians. He is 26 years old and is very popular comedian in Korea. His show airs on Sunday night which is the program many people enjoy seeing. One recent comedy segment, Choi pretended to tell children guaranteed ways to become a politician [note: the show is not actually for children].
When you make campaign promises, say you will build a bridge or a subway station. Oh, you think that is too hard? No worries, you just need to say that without actually doing it.
If you tenaciously go on about others' weaknesses like a dog, you can become a politician.
I usually see this program, laughing so much. My father and mother also likes to see this program. Comedy makes our life more serious with pretending foolish. So I like comedy which includes more behind meaning of people' life.
The plaintiff's position
The lawsuit - claiming that the performer defamed all politicians - has drawn immediate criticism from various parts of Korean society, inundating social media with jokes and comments.
But Choi's supporters are also formidable. I wish I keep watching that his way joke in TV
http://globalvoicesonline.org/2011/11/23/korea-comedian-sued-for-making-fun-of-politician/
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