Download The International Debt Crises is a big issue and has affected

Emma Jankowski
Libya
International Debt Crisis
The International Debt Crises is a big issue and has affected Libya in many ways. My country
relies on the oil we produce for money. When countries like Greece get to bail out of their debt it affects
countries Libya and is not right. When countries want to bail out of their debt they should have to take
on harsher measures. When Greece wanted to bail out of their debt they should have been forced to
leave the European Nation because allowing them to stay in the European Nation put the rest of us in
greater debt making us not able to produce the goods we want to produce.
My country believes it is very much so big economy countries to deal with countries that are
facing trouble. All of us countries should be working together to get out of this crisis. Big nations need to
do their part! If Libya was in great debt we would want a greater economy country to bail us out. It is
very much so the greater economies job because they are the leaders of this world and they need to bail
out the struggling countries because them doing this will lower the debt in this world. Powerful
economies bailing out indebted countries will ultimately improve the International Debt Crisis.
Libya also believes strongly that the Euro should stay as the currency for Europe. Keeping the
Euro makes trading with all European countries easier and more efficient. Europe is a main trading
nation for most countries. It is a very important nation and should be as simple as possible. Libya trades
with many European countries and if all of them had different currencies it would make trading very
hard and complicated. The Euro is a very important currency to Libya’s economy and should most
definitely stay as a currency.
Bailouts most definitely do not encourage financial irresponsibility’s. A country is not in debt by
choice a country is in debt because they made mistakes and need a little help. Every country needs help
Emma Jankowski
Libya
International Debt Crisis
once and a while and bail outs are one way of helping a country out. I guaranty if any country was in the
place of these unfortunate countries they would want help too.