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PART 2: In the second part of the essay we are going to use our imagination to explore differing perspectives on the crises in Europe and the United States:
Try to put yourself in the position of a Greek worker, let's say a nurse or a clerk. How do you feel about demands on your government from the European Union and European Central bank that you pay and pension be dramatically cut? Or, perhaps there are recommendations that your job be cut. Provide a brief description.
Compare and contrast this perspective with the perspective of a German worker, let's say an autoworker or a technology company. How do you feel about demands on your government to bail out the Greek economy?
Next, try to put yourself in the position who has lost his or her job in the financial crisis, say in 2009, and, consequently, can no longer afford mortgage payments, let's say an autoworker, a construction worker or other worker, or someone working in the financial industry. How do you feel about legislation that like TARP and ARRA? Be specific in your response.
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Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.
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