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In the Balance: For Better or For Worse: the Greek Crisis

For Better Or For Worse: the Greek crisis and the interconnectedness of us all

27/06/2015

For Better or For Worse: the Greek Crisis

BBC World Service - In the Balance, For Better or For Worse: the Greek Crisis

How can the sniffles of a small Mediterranean country cause nervousness the world over?

How can the sniffles of a small Mediterranean country cause nervousness the world over? The Greek crisis shows us the interconnectedness of us all.

They used to say - 'the USA sneezes, the world catches a cold'. But could the sniffles of a small Mediterranean country cause economies across the globe to reach for their Kleenex? What does global market reaction to the Greek crisis tell us about our interconnectedness? Now, as never before, we face crises not as individual economies or even economic regions, but as a tightly bound financial community. But is it for the better or for worse?

(Photo: A Syriza supporter with Greek flag in Athens. Credit: Louisa Gouliamaki/AFP/Getty Images)

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