Economic struggle and survival

10 years ago no one would ever have predicted the present scenario of  world could be this devastating..But this is reality.Present situation has brought great challenge for human kind to survive in this time especially for the poor people.This is really a tough time people are facing in this economic crisis..As global recession continues, financial and economic crisis impact upon poor people can easily be seen.

While watching television or surfing net,the most frequent thing that is been watched or surfed by most of people is global recession.The entire world has been affected by this economic instability.Even most developed and powerful countries like USA,London,Germany are becoming part of this economic struggle.The entire Eurozone countries are involved in this global recession.Among Eurozone countries,the most severely affected one is Greece.Greece is at verge of devastation if serious plans are not implemented.to rescue it from approaching condition of Default.Greece is unlikely able to pay back its debt.So,its for sure of Greece immediate default.This has led to serious treat to other countries like Spain,Italy whose condition are also same as that of Greece.The Eurozone leaders are holding various meeting to solve this economic crisis.But yet they are unable to purpose policy for economic stability.

The unprecedented and extraordinary policies implemented by government policy makers to combat global economy crisis turned out to be one of major cause of economic crisis.

.Due to this economic recession, people are facing several problems of unemployment,salary reduction,increment of taxation in various products and so on.Economic crisis has struck more on shoulders of poor people.World bank has estimated that around 50 million people are been pushed to live under extreme poverty condition.The poor people who previously had few income,now are jobless.Their children are forced to be taken out from school and are laboured.Countries like Zambia,Kenya have already started their children in labour works because of poverty.Unable to bear these problemsWith this economic crisis,riches are becoming richer whereas are poor becoming poorer and poorer.Due to this economic inequality,people all over world has started revolt against the pre existing government.Various movements such as Wall Street Movements has been launched.

Eurozone leaders are trying their best to stabalise the global economy.But they are yet unable to solve this issue.President Barrack Obama had recently passed a bill to solve the unemployment problem created in this economic recession period in USA.But his purposal was rejected by the parliamentary.

house.However,there is little ray of hope for Eurozone economic condition to improve.The european union leaders have finally implemented a plan to solve the economic crisis.They have expanded the bailout funds for billion to trillion dollars and also bank taking 50% losses if indebted nation were unable te pay back.Lets hope for this present situation to be solved as soon as possible.