Not really a “3 things I learned in Global Econ this semester,” but pretty close. This student (with some suggested fixes from myself) wrote on one of the more recent things we learned – the causes of the Euro crisis – arranged around 3 main explanations. And, they found some great graphs to illustrate it!
By 2007-08, the world had been hit by the global financial crisis, and the Eurozone was no exception. Ireland was the first country to fall, with their crisis beginning in 2007, and is now facing some of the most stringent austerity measures to be implemented. Then, after a lot of speculation and uncertainty, Greece came next. These countries, along with the other PIIGS (Portugal, Ireland, Italy, Greece, and Spain) have not been able to bounce back from the crisis as their other EU counterparts Germany and France have.
Why not? Some reasons could be attributed to behaviors prior to the crisis. These factors hint at some continued weakness of the Southern European area, and should make us question whether the signs of a recent Eurozone recovery may only be a temporary thaw.
So, let’s take a look at what caused this crisis. Continue Reading
Finally getting back to Europe…a news briefing from the BBC:
Angela Merkel approves Germany’s first minimum wage
My first response was “Really? Labor union happy Germany didn’t have a minimum wage?” Shows how much I know about European labor policies! Though, it makes perfect sense given the country’s neo-corporatist structures…
To take a break from some of the more serious fare, here is a film review from one of the students in the International Law class – a class that recently viewed this very movie!
The 1961 film poster.
When college students try to decide on a movie to watch, a three hour black and white film from the 1960s probably is not very high on the list. However, Judgment at Nuremberg is the type of film that will make you reconsider. This film won Oscars for Best Actor in a Leading Role and Best Writing, Screenplay Based on Material from Another Medium, Golden Globes for Best Motion Picture Director and Best Motion Picture Actor – Drama and numerous other awards.
Awards don’t mean everything, so what makes this film so great? Judgment at Nuremberg confronts one of the most challenging questions dealing with war crimes, humanitarian law and international law. Who is to blame? At what point do people cross the line between following orders and committing war crimes and/or crimes against humanity? Should judges be held to a higher legal standard? Continue Reading