Current Event On International Development Research Papers Example

The current event to be summarized is related to the FTSE and the oil prizes that is expected to change all over the globe. The article to be summarized it titled FTSE CLOSE: Oil price dip dampens Footsie but leaked Greek debt plan sparks hopes of a deal By This Is Money Market Reporters, which is based in the United Kingdom. The article indicates the drop of points by the FTSE in the money market share index. The reason behind the drop is related to the rumor on an ongoing debt deal, which is being pushed in the market by the Greek. This resulted to the US and European market being perked up. The Eurozone partners are on the verge of accepting the horse-trading in Brussels which makes the US and other European countries fear the outcome of the deal. After the rumors, it was reported that the Athens Stock Exchange posted a huge gain following the bleak season.
On the other hand, the European shares decided to rally behind Greece as they edge closer to the deal, which would enable them bail out on their debt. The deal being brokered in Athens shows that there is a huge desire compromise. The deal from the Greek government, indicate recognition of their debt without using write down in a program, which will take four parts with an extension of six months. The move would interfere with the European market and the EU will feel infuriated. The Athens stock exchange will have profits where its margins will rise while the margin in the world market will drop especially the European market. The deal will shake down the European economy in terms of leveling the playing field.

References

This Is Money Market Reporters (February 10, 2015) FTSE CLOSE: Oil price dip dampens Footsie but leaked Greek debt plan sparks hopes of a deal http://www.thisismoney.co.uk/money/markets/article-2947010/FTSE-LIVE-Footsie-slowing-Chinese-economy-Greek-debt-fears.html