Financial World War III: Greek Financial Crisis and Europe Economy's Future
  • WORLD WAR I and WORLD WAR II: We had to deal with these two really nasty wars. More than millions of people died because of it. Now the new kind of war is about to break out, The Financial World War III which is Greek financial crisis. This war isn't about military source. It's about money, finance and economy. It affects people even more than bullets and misiles.

  • Come to this workshop to learn about how serious it can be and cause and effects of this issue

Research Process:

(P) Put brainstorm here.
What I Know Inspiration document
(P) Broaden Your Knowledge
  • Think about:
  • Books
  • Encyclopedias
  • Online Articles
  • Websites
  • Images
  • Videos
  • Statistics
  • Charts
  • Data Bases
Include notes about your
reasoning for your choices in red


- Online resource:Info web News bank Special Report on"Greek vote proses new challenge for IMF rescue"
< p_product=Economic&f_location=economic&p_theme=current
This resource is useful because it shows recent news about IMF and other World Banks.

- Fox Business The power to prosper "Euro Zone Rattled By Possibility of Greece Exit"
Greece accounts for little more than two percent of the euro zone economy but could pose a profound contagion threat if it quit the currency area, throwing the spotlight on Portugal, Spain and even Italy.
This resource is useful because it gives solution and it specifically talks about what will happen if Greece keep goes like this. What are the Consequences?


- Britannica School Edition "The Debt Crisis in the Euro Zone"
This resource is useful because I can find more information from it and its more like Dictionary definition.

- "financial crisis"
I chose this website because it provides a space to write journals and it brainstorms my topic for me.

My Journal on Financial Crisis by K.Lee using Instagrok

  1. Excerpts
  • Around the world stock markets have fallen, large financial institutions have collapsed or been bought out,
  • and governments in even the wealthiest nations have had to come up
  • with rescue packages to bail out their financial systems. <
  • Three days later UBS economists announced that the "beginning of the end" of the crisis had begun, with the world starting to make the necessary actions to fix the financial and economic crisis: capital injection by governments; injection made systemically; interest rate cuts to help borrowers. [more]

Online Articles

- New York Times "Greek Crisis Hurts European Markets"
This resource is useful because news articles are very detailed, neutral and fact base.

- "How did Greek Economy get into such a mess"
This resource is useful because it is very reliable and trustworthy
The website won the Best Newspaper category in the 2005, 2006 and 2007 Webby Awards, beating the New York Times,
the Washington Post, the Wall Street Journal and Variety


- CNN, "Financial crisis"
I chose this website because it has tons of videos about Greek politics and it also I personally think that watching
a video way more understandable and educational then just reading the whole website and it
also prevent mefrom copy and pasting.

One of the videos from CNN

President Vaclav Klaus(President of Czech) gives his view on the European financial crisis, saying that no magic pill exists to solve it.

Je-Yoon Shin, South Korea's Vice Finance Minister, weighs in on Greece and the European debt crisis.I chose this video because it pretty much relates to Greek Economy and Korean Economy. Since Korea had hard times with Economy abouta decade ago I think Je-Yoon Shin, South Korea's Vice Finance Minister has lot to say about this.

CNN's Richard Quest and Nina dos Santos explain the financial problems in Greece and how they got there.I chose this video because it specifically talks about Greece and Euro zone kicking Greece out and isolation of Greece (Solution).

Is Spain too big to fail and too big to financially bail out? CNN's Emily Reuben reports.I chose this video because it shows what is happening in other countries near Greece


As you can see, Ireland has the most percentage of Risk of Bankruptcy, and South Korea has about 1%
Risk of Bankruptcy.

Fearing bankruptcy, Greece had to turn instead to the European Union and the International Monetary Fund (IMF) – the world's lender of last resort – for up to 120bn euros of replacement lending.

I chose this because it clearly shows which country is in danger or not.




European leaders are at a crossroad: They must pull closer together or risk the euro currency project falling apart.Unfortunately, investors have lost confidence in the Greek government's ability to walk this tightrope – so they have been demanding ever higher rates of interest to compensate for the risk that they might not get their money back.
I chose this Image because the expression on his face looks kind of mysterious and it looks like he is signaling with his eyes to person standing right infront of him and in this image he is smiling on the outside but he is not actually smiling inside. I think it has something to do with bribing. (very mysterious)
(P) 2nd Time Around Brainstorm
Add to original Inspiration
or do another.
Record your metacognition using
the note feature of Inspiration.
(P) Define your topic: write a statement
(thesis) that clearly shows your research.

Greek Financial Crisis is complex global issue and to understand it you need to know the cause, effects and solution.

John.F.Kennedy, formal president of United States once said, "In a crisis, be aware of the danger but recognize the opportunity."

(P) Form questions:
  • Form - What is it like?
  • Function - How does it work?
  • Causation - Why is it like it is?
  • Change - How is it changing?
  • Connection - How is it connected to?
  • Who, What? Where, When, Why,
  • How, What if? How? So what?

P) Make an outline of the areas you are
(P) Make a list of key words to locate
wall street
financial market
sell down
commercial market
global financial system
great depression
bank of England
financial instrument
(L) Locate a variety of sources; evaluate 2

Evaluation 1


Evaluation 2

(L) Select resources from your list & build
works cited using Noodletools
Works CIted

Agence France-Presse. "Greek Vote Proses New Challenge for IMF Rescue." Newsbank. Newsbank inc., 7 May 2012. Web. 19 May 2012. < Static?p_product=Economic&f_location=economic&p_theme=current&p_action=doc&p_nbid =Y50D55COMTMzODU0Njk1MS43NDc5NzoxOjk6cmEtY2hhZGlz&f_docnum=13EA38A251B84910&f_top ic=3&f_prod=WAFP&f_type=&d_refprod=SPECIALREPORTS>.

Roberts, Dan. "Greek debt crisis: how did the Greek economy get into such a
mess?" theguardian. © 2012 Guardian News and Media Limited or its
affiliated companies, 24 May 2012. Web. 24 May 2012.

THE ASSOCIATED PRESS "Greek Crisis Hurts Markets." The New York
TImes. © 2012 The New York Times Company, 25 May 2012. Web. 24 May
2012. <

"Solving Greece's Economic Crisis." CNN. © 2011 Cable News Network., 15 Feb.
2012. Web. 16 May 2012. <

Financial Crisis Inquiry Commission Holds First Public Hearing. Photographer. Encyclopædia Britannica Image Quest. Web. 30 May 2012. <>

Reuters. "Eurozone Rattled by Possibility of Greek Exit." Fox Business. ©2012 FOX News Network, 25 May 2012. Web. 27 May 2012. < eurozone-rattled-by-possibility-greek-exit/>.

"The Debt Crisis in the Euro Zone." Britannica Book of the Year, 2011. Encyclopædia Britannica Online School Edition. Encyclopædia Britannica, Inc., 2012. Web. 1 June 2012. <>.

Roberts, Dan. "Greek Debt Crisis: How Did the Greek Economy Get into Such a Mess?" The Guardian 6 May 2012, U.K. ed.: n. pag. The Guardian/Observer Archive. Web. 1 June 2012. < 06/greek-debt-crisis-economy>.

Czech President: I Don't See a Solution. Turner Broadcasting System, Inc. A TIme Warner Co., 2012. CNN. Web. 28 May 2012. < ?query=financial%20crisis&intl=true&sortBy=date>.

South Korea weighs in on Euro Crisis . Turner Broadcasting System, Inc. A TIme Warner Company, 2012. CNN. Web. 1 June 2012. < search/ ?query=financial%20crisis&intl=true&sortBy=date>.

Solving Greece's Economic Crisis. Turner Broadcasting System, Inc. A Time Warner Co., 2012. CNN. Web. 1 June 2012. < ?query=financial%20crisis&intl=true&sortBy=date>.