The European Crisis Of Greece, Spain, And The United States

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Difficult economic situations often create international conflict and human rights abuses. Recently, the European economy experienced an enormous debt crisis. The crisis created unstable economic and social situations in many countries. The Eurozone crisis negatively affects Greece, Spain, and the United States. First, the European Union crisis elicited a health crisis in Greece. Second, the European Union crisis caused unemployment and stress in Spain. Third, the EU crisis generates negative implications for the United States’ economy. Evidently, the fall of Europe’s economy caused severe impacts on surrounding countries. The European debt crisis created a damaging health crisis for Greek citizens. In response to the EU crisis and rising debt, the Greek government implemented austerity measures on Greece (Kentikelenis, Karanikolos, Reeves, McKee, & Stuckler, 2014, p. 748). However, these austerity policies proved controversial and negatively impacted the Grecian society. To reduce the budget deficit, Greece’s government introduced the 2010 Stability Programme (Heise & Lierse, 2011, p. 506). This strategy included tax increases on pension provisions, as well as pension reforms to make finances sustainable. These changes included raising the retirement age, reducing pension funds, and adapting pension amounts to income fluctuations (Heise & Lierse, 2011, p. 506). Although this program cut spending, the negative effects on the Grecian citizens were numerous. Austerity
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