Consequences of Smoking

Consequences of Smoking For quite a long time, the utilization of tobacco has been acknowledged. Tobacco plants have been developed in the U.S. in seventeenth century and tobacco has been utilized as a part of different structures from that point forward. In 1865, an individual who is called Washington Duke in North Carolina has begun to move cigarette and exchange it for money. In 1883, a man named James Bonsack designed the machine that can roll the cigarette and production of thousand of cigarettes every day. In this way, as indicated by WHO, there are 20% of the worlds populace are utilizing tobacco. On the off chance that including the individuals who smoke inactively, that number can go up to half (A Complete Social History of Cigarettes). Smoking is destructive to wellbeing is the message which is imprinted on all tobacco items. The fact of the matter is everyone knows except very nearly of them disregards and has straightforward musings about the damage. Circumstance Every day, more than 3,200 individuals under 18 smoke their first cigarette, and roughly 2,100 young people and youthful grown-ups get to be day by day smokers. There are 9 of 10 smokers begin before the age of 18, and 98% begin smoking by age 26. 1 in 5 grown-ups and teens smoke. In 2011, an expected 19% of U.S. grown-ups were cigarette smoker. Roughly 18% of secondary school understudies smoke cigarettes. In 2011, almost 18% of secondary school young men were current cigarette clients. (Tobacco Facts and Figures, 2014). The world has around 1.3 billion individuals use cigarettes, of which the Asia-Pacific district has high rates of cigarette utilization. Asia has 3 out of 5 nations have high rates of cigarette utilization on the planet that is China, Japan and Indonesia. Cigarette utilization has had a tendency to expand, have a tendency to lessening in created nations however expanded in the creating nations. As indicated by appraisals from the review of smoking in grown-ups (from 16 years) in Vietnam (GATS 2010), the rate of smoking among men is 47.4%, in ladies is 1.4%, a sum of more than 15 million grown-ups right now smoke. Individuals on the planet start smoking cigarette on account of various reasons. They are presumably that individuals are focused on or they need to focus on their work or another smoke due to their relative and their companions. Issues Through examination shows tobacco utilization has noteworthy ramifications to the wellbeing, financial advancement, and also the quantity of other social effects. In term of wellbeing issues, cigarette utilization lessens the status of wellbeing, abbreviate lifetime, and reasons the quantity of ailments even sudden passing. As per the Centers for Disease Control and Prevention (CDC), cigarette smoking results in more than 480,000 unexpected losses in the United States every year—around 1 in every 5 U.S. passings and an extra 16 million individuals endure with a genuine sickness created by smoking.(Drug realities: Cigarettes and other Tobacco items, 2014). Reason of this result is that cigarettes contain more than 7,000 chemicals, 250 of which are unsafe to both smokers and uninvolved smokers. They are Arsenic, Benzene, Vinyl chloride, Formaldehyde, Toluene. Particularly, it additionally contains Nicotine which is the addictive synthetic. (2011) The body is canny. It goes on the safeguard response when it is being harmed. At the point when smokers utilize the cigarette shockingly, they feel hurt or blazing in the throat, lungs, another get debilitated or even they hurl the initial couple of times they attempt to smoke. Results of this hurting happen dynamically. Over the long term, smoking leads people to make wellbeing issues like coronary sickness, stroke, emphysema (breakdown of lung tissue), and various sorts of development — including lung, throat, stomach, and bladder infection. People who smoke similarly have an extended risk of defilements like bronchitis and pneumonia. These sicknesses limit a singulars ability to be routinely dynamic, and they can be deadly. In the United States, smoking is accountable for around 1 out of 5 perishes. Smokers dont simply make wrinkles and yellow teeth. They similarly lose bone thickness, which fabricates their risk of osteoporosis, a condition that causes more settled people to wind up bent over and their bones to break more easily. Smokers furthermore tend to be less dynamic than nonsmokers in light of the way that smoking impacts lung power. Smoking can likewise cause readiness issues and can influence sexual wellbeing in both men and women. Young women who are on the pill or other hormone-based frameworks for hostile to origination medicine (like the patch or the ring) forms their risk of honest to goodness wellbeing issues, for instance, heart attacks, if they smoke. The consequence of smoking may give off an impression of being far away, however long term wellbeing issues arent the fundamental threat of smoking. Nicotine and substitute toxic substances in cigarettes, stogies, and channels can impact a singulars body quickly, which infers that teen smokers encounter a strong bit of a few issues. Since smoking can decrease the flood of veins, it can keep oxygen and supplements from getting to the skin — which is the reason smokers frequently appear to be pale and undesirable. Studies have furthermore joined with smoking to an extended threat of getting a kind of skin rash called psoriasis. Cigarettes leave smokers with a condition called halitosis, or persisting unpleasant breath. Studies exhibit that smokers get more colds, flu, bronchitis, and pneumonia than nonsmokers. In addition people with certain wellbeing conditions, in the same path as asthma, get the chance to be more crippled in case they smoke (and routinely on the off chance th at theyre just around people who smoke). Since young people who smoke as a way to deal with supervise weight frequently light up rather than devouring, their bodies moreover neglect to offer the supplements they need to create, make, and fight off infection suitably. (Dowshen, 2013) Arrangements Cigarette reasons fluctuated unsafe to people. Subsequently, a few answers for forestalling individuals utilization in cigarettes are important to upgrade the standard of life. Firstly, the administration ought to recommend the smoking ranges, for example, medicinal offices, schools, work environment, indoor, indoor open spots and on open transport. The disallowance of smoking (open spots, work environments and on open transport) has put forward in the International Convention- Framework Convention on Tobacco Control (composing as the FCTC) by the WHO launch, and this tradition was for more than 174 nations sanction. Concerning the opportunity of smokers, they can smoke in the zone not managed or outside where their smoking demonstrations dont imperil the wellbeing of other individuals. The non-smoking individuals have the privilege to inhale natural air unpolluted by tobacco smoke inactively. Furthermore, procurements in the wellbeing notices with pictures on the bundling of tobacco items. The wellbeing cautioning printed photographs to guarantee the privileges of shoppers are mindful of the data about of the items they utilize, the results on the wellbeing dangers and addictive properties, muscle maladies, passings from the utilization of cigarettes. The WHO ponder in 2006 demonstrated the wellbeing cautioning printed photographs will cause stay away from around 300 to 700 unexpected losses every year in decades. Contingent upon studies on the expense productivity of the Institute of wellbeing approach technique indicated over, the wellbeing cautioning printed photographs in Vietnam would have the most minimal expenses in the measures for anticipation of the hurtful impacts of cigarettes. Around the world, the quantity of nations in notice the photographs is on the ascent. There are 42 nations have done. Nonetheless, this arrangement likewise has a deterrent. A few indiv iduals dont say about this notice. Finally, expanding tobacco assessment can be viewed as the ideal decision to put weight on tobacco items. This arrangement strengths smokers to give more cash to buy drugs. At the point when a lot of cash, the medication ought to lessen the measure of tobacco devoured all the while some would consider stopping. Additionally, smokers will feel in control of the smoke. In the meantime the tobacco organizations would be influenced contrarily prompts diminished creation of tobacco. In light of viewpoints, for example, the attainability, adequacy testing, human rights, monetary, expense expand measures are viewed as most suitable for a circuitous effect on the destructive impacts of tobacco to individuals. As far as money, expanding tobacco charges are viewed as a twofold hit the target. Tobacco expenses supplement a lot of cash in the state plan while diminishing offers of tobacco organizations will keep the development of these organizations. The measure of smoking for smokers will be moved to interest in instruction and wellbeing issues of relatives lead to enhancing personal satisfaction as a rule and other supportive administrations. This likewise adds to build vocation opportunities and enhance the economy of the nation. Proof is that tobacco charge income administration of Thailand more than 3 times from around 512 million US dollars in 1992 expanded to more than $ 1.7 billion in 2010. Wellbeing insurance agencies utilize the additional measure of cash that needs spending bill cure lung tumor, prompting lessened speculation to empower the economy. As per the World Bank, the normal expense increment to the cost of cigarettes expanded by 10%, the utilization will increment from 4% to 8%. Besides, individuals who quit implies that there are more than 5 individuals are not uninvolved smokers. The wellbeing of the group is secured in a reasonable manner. Proficiency expands exponentially making awesome point of interest the answer for raise charges. Conclusion In synopsis, cigarettes are bringing on a huge number of diseases. Halting smoking at any age and at whatever point is helpful. Ceasing smoking gives your body a chance to patch the damage brought on by smoking.

Dickens thought what meant to be a gentleman Essay

I am going to base my coursework on question 14 on what Dickens thought what meant to be a gentleman. I am going to do this because I too found this interest to what it actually means to be a gentleman. Throughout the novel of Great Expectations, Dickens is interested in what it means to be a gentleman. He tries to show us by telling us a story about a young boy Pip in which he grows up trying to become a gentleman, through Joe who is Pip’s brother in law who is a poor but a decent, hardworking man and also Magwitch the convict, who changes through the story but Pip especially changes. Great Expectations was narrated by Pip which he talks about his childhood and he growing up. This is called Bildungstoman. There was only really one reason why Pip wanted to become a gentleman, and that was to impress Estella, the girl he loved ever since he first gazed into her beautiful eyes. I thought that this was a bad choice to do because he tried to become something which he really that he wasn’t was by changing class systems. â€Å"Biddy† [†¦ ], â€Å"I want to be a gentleman†. Even Biddy thought that this was not a good idea and tried to warn him not to. â€Å"Oh, I wouldn’t if I was you†, [†¦ ] â€Å"I don’t think it would answer†. He thinks that by being a gentleman, he can win over Estella’s heart, but he thinks that by becoming a gentleman, he and Estella would be equal. I think this because back in the Victorian Times, class was very important of a person’s status and place in society and still is nowadays but some people now don’t like to think about it and think of each other as equals. Dickens tells us this by when Pip says that he wants to become a gentleman. It’s not really him wanting to become a gentleman; I think Dickens replaces â€Å"need† with â€Å"want†. I say this because Pip needs to become a gentleman to win over Estella’s heart otherwise he can’t. The word â€Å"Expectations† is repeated time to time in the novel. Dickens uses this word because I think it has something to do with Pip becoming a gentleman. I think that the word Expectation means something that someone or something has to live up to or they know what they have to do. It’s like a duty to fulfil. When Pip was young, he was expected to be Joe’s apprentice and work in the Blacksmith all his life but because his desire to win Estella, he wants to become a gentleman so he has new expectations but he is preoccupied of finding Estella. When Pip was a child, he was quite poor and lived with his sister who was married to Joe Gargery who is a blacksmith. His parents had died and so did his other young brother and sisters when they were very young who were beside their tombs aswell. This told me how poor people die earlier in life because they cannot afford medical care and live hygienically. But when he was asked to visit Ms. Havisham, it all changed there. He found out that some people have better lives than him because they are richer. I think this may have influenced him, making him want to be that aswell. These people were high in societies who were educated, so he thought that if he was to become a gentleman, he would be in a high society enabling him to marry Estella. Pip only had 1 sister and lived with her alongside Joe Gargery. His best was Biddy, his childhood friend. We never saw Pip hardly talking to his sister that much but he did talk to her politely and helped along in the house. Maybe this was because her sister always bragged that she raised him and she spent her life on him only making him feel rather guilty. This must of persuaded him to be like this to her. His behaviour didn’t change that much around Mrs Joe Gargery but later on she did die on illness which must of made Pip really upset by this. Pip and Joe got on very well with each other. They would often speak freely with each other. Before, Pip was thrilled to be Joe’s apprentice, but I think Satis House really affected his mind and what and how he spoke to others. â€Å"that I shall never forget you†. Joe really means something to Pip at the beginning. I think the politeness of Joe was a good influence for Pip to have around him. But when he left for London, things changed. Pip receives a letter from Biddy, telling him that Joe is coming to visit him. Pip was not happy by this. â€Å"Let me confess [†¦ ], not with great pleasure†. The word â€Å"confess† feels as if he is hiding his feelings from even himself and feels guilty about this. You can see the changes the class system has made into his mind, making him think bad things. Pip even began to think negative things about a person who he spent most of his life with. â€Å"I knew it was Joe by his clumsy manner of coming up the stairs†. Pip knows that it’s Joe approaching his door but instead of pointing out a normal thing which he would of normally of said before, he has disputably said a negative thing which again I blame the class system. Another thing was that before Pip left, he hugged Joe and left but when they met they only shook hands which even Joe thought he changed a bit proving again the class system changing a person especially a youthful mind. Pip treated Biddy very nicely and talked to her politely. These 2 were best friends since their childhood. We don’t see Biddy and Pip talk until Pip changes a bit and tells her about him wanting to become a gentleman. This was an important part because Biddy realises that Pip is changing and warns him not to go ahead of what he is planning. He takes into his head but then is overpowered by his will of Estella’s love. Pip gets a little angry at her too. â€Å"(I don’t know), I moodily answered†. The word moodily suggests he doesn’t like what she is suggesting to him and gets a little eager at her. â€Å"I am very sorry to see this in you. You are envious [†¦ ], dissatisfied on the account of my rise in fortune and you cant help showing it†. He thinks that she is saying all this because she is jealous of him becoming richer but she is not and just wants the wellness of her dear friend. I think this changed the relationship between these 2 because Pip kept failing on the wrong side of what Biddy actually went. I think that Pip should of atleast been more emotional when he left because I think that he was too over excited in leaving. Too me, he was forgetting what was more important in life than status. The only closest person around Pip who was the perfect and suited role model of a gentleman was dear Joe Gargery. He had the characteristics of what a gentleman would have without status though. I felt sorry for him from time to time because he deserved better but he was happy the way everything was. â€Å"I’m sorry to say, I’ve eaten your pie†. The convict admitted that he ate his pie and Joe replied, â€Å"god knows you’re welcome to it, [†¦], we wouldn’t have you starved to death†. He was so sweet and kind to the convict that he thought of the positive thing which was not to let a human being as himself starve. The word â€Å"welcome† tells me that he is a kind, decent and acts like a gentleman would without boasting. Dickens creates a character like Pip that treats people this way because I think that even Dickens wasn’t sure of what a gentleman was so to go through this change would make him see the audiences response of what they thought a gentleman was. I think this is quite an effective technique using the audience to see how they respond to these changes because it gives him an idea of what a gentleman is so then he can add it to his novel. To me, Joe is a gentleman. The way he acts and the words he says to people is a way a gentleman would speak: politely, caring, sharing, and hard working especially when he wasn’t upset when the convict took his pie but was actually thankful for not letting himself starve which most people in this world would not do. He never really says anything bad to anyone that offends them or makes them upset. A gentleman is a person who stands out and to me; Joe stands out as a character. Dickens portrays Joe to how Pip should be I think. I say this because when Pip becomes a gentleman, Joe was already one to everyone so I think he was setting an example. I think he’s just a good person because he just lives a simple, easy and nice life. It also could be by the fact that he was raised like this by his parents but I don’t know because the novel does not mention his background, just that he is married to Pip’s elder sister.

BDO Unibank Essay

The second logo of Banco de Oro Banco de Oro had its humble beginnings on January 2, 1968, when it started off as a thrift bank called Acme Savings Bank. With two branches in Metro Manila, Acme was one of the smallest banks in the Philippines at the time. In November 1976, Acme was acquired by the Sy Group, the group of companies currently owned by retail magnate Henry Sy, and renamed Banco de Oro Savings and Mortgage Bank. In December 1994, BDO became a commercial bank. To reflect the bank’s new status, BDO was renamed Banco de Oro Commercial Bank, and in September 1996, BDO became a universal bank, which led to the bank’s name being changed to the current Banco de Oro Universal Bank. It is one of the many banks owned by a Chinese-Filipino in the Philippines (others includeMetrobank and Chinabank). BDO eventually became involved in insurance services in 1997 (it is a bancassurance firm) by establishing a subsidiary called BDO Insurance Brokers. In 1999, BDO expanded its insurance services through par tnerships with Assicurazoni Generali s.p.a., one of the world’s largest insurance firms, and Jerneh Asia Berhad, a member of Malaysia’s Kuok Group. Later, BDO partnered up with its insurance affiliates, which are Generali Pilipinas Life Assurance Company and Generali Pilipinas Insurance Company, in March 2000 Dao Heng Bank On June 15, 2001, BDO merged with Dao Heng Bank’s Philippine subsidiary, with BDO as the surviving entity. The merger boosted the number of BDO’s branches from 108 branches before the merger to 120 after the merger. Banco Santander Philippines In August 2003, BDO acquired the local banking unit of Banco Santander with its commercial, trust and derivatives licenses to become BDO Private Bank, a fully owned subsidiary of BDO Unibank. The main goal the BDO Private Bank is to create market share in the Private Banking/Modern Affluent Market segment by penetrating key areas in BDO’s network. This is to complement and explore how the BDO Group can service all the financial and investment needs of the client. United Overseas Bank Philippines In late April 2005, United Overseas Bank sold 66 out of its Philippine subsidiary’s 67 branches to BDO after UOB’s Philippine subsidiary is set to rationalize its operations from retail to wholesale banking. All UOB branches completed integration into the BDO network on March 22, 2006, increasing the number of Banco de Oro branches to 220. Equitable PCI Bank On August 5, 2005, Banco de Oro and an SM subsidiary, SM Investments, bought 24.76% of the shares of Equitable PCI Bank, the Philippines’ third-largest bank, and 10% of an Equitable PCI affiliate, Equitable CardNetwork, one of the Philippines’ largest credit card issuers, from the family that founded the bank, the Go family. BDO has also been offered a further 10% by another Equitable PCI affiliate, EBC Investments, and a deal is being made to buy (awaiting court approval) the 29% stake of the Social Security System (SSS), the Philippines’ pension fund. Subsequent acquisitions enabled the bank to acquire a 34% stake in Equitable PCI. On December 1, 2005, Banco de Oro shares were listed as a component of the PSE Composite Index for the first time. On January 6, 2006, Banco de Oro, with the SM Group of Companies, submitted to Equitable PCI a merger offer with Banco de Oro as the surviving entity. Under the proposal, Banco de Oro will swap 1.6 of its shares for every 1 Equitable PCI share. As a second option, Banco de Oro also offered to base the swap ratio on the book values of both banks to be assessed by an independent accounting firm using International Accounting Standards (IAS). To effect the merger, Banco de Oro needs consent of Equitable PCI shareholders representing 67% of Equitable PCI. These include the Social Security System (SSS) with 29%, the Government Service Insurance System (GSIS) with 14%, and the family of Equitable PCI chairman Ferdinand Martin Romualdez with eight percent. Banco de Oro said that the proposed â€Å"merger of equals† would create the country’s second biggest bank with assets of about P608 billion (as of June 2007), just next to Metrobank with P669.1 billion (as of June 2007), the current banking industry leader in the Philippines. Bank of the Philippine Islands is the current third biggest bank in the Philippines with P592.6 b illion (as of June 2007). Banco de Oro has asked Equitable PCI to study their offer until January 31, 2006. Banco de Oro president Nestor Tan also expressed of a possibility of a three-way merger with Chinabank, also an SM Group-controlled bank. The bank president also said that the proposed Banco de Oro-Equitable PCI merger would consolidate the strengths of Banco de Oro and Equitable PCI in consumer lending and result in a dominant player in middle-market lending and a market leader in money remittance volumes, branch banking, trust and corporate banking with the combined network of 685 branches located in the Philippines and abroad. Although Romualdez and the GSIS have shown stiff opposition to the BDO-Equitable PCI merger, the SSS is still studying the possibility of a merger. In fact, UBS studied the deal and claims that the merger through the stock swap option is a â€Å"win-win† situation. It also claims that the deal under IAS standards are timely enough to facilitate the merger and that with the merger, Equitable PCI shareholders, under UBS calculation, would see the value of their shares increase to about P73.60 per share, more than the fair value target price of 67 pesos. With Equitable PCI and BDO’s merging fully realized. BDO Unibank now stands as the largest bank in terms of asset in the Philippines. With offices in Manila, San Juan, Ortigas Center area in Pasig/Mandaluyong and in Makati, the Philippines’ central business district, with its newly renovated BDO Corporate Center situated at the former Equitable PCI Bank Tower along Makati Avenue. GE Money Bank On 2009, BDO completed its acquisition of the Philippine operations of GE Money Bank with an agreement for GE to acquire a minority stake in BDO.[2] In a definitive agreement signed by the two institutions, GE Capital will acquire a 1.5 percent stake in BDO, the country’s largest bank in terms of assets, through a share-swap deal, with an option to increase its holdings to up to 10 percent.[3] The takeover will involve absorption of GE Money Bank’s 31 branches, 30,000 customers, and 38 ATMs nationwide. Recent events â‚ ±1.1-billion IPO On January 2008, Viva Films chairman Vic del Rosario announced that Viva Communications expects to raise â‚ ±1.1 billion (1 US dollar = 41.48 pesos) through approval of the initial public offering (IPO) by the Philippine Stock Exchange, on listing date of March 5. It plans to sell up â‚ ±92.8 million new shares and â‚ ±49.9 million secondary shares at â‚ ±12.93 / share (offer is 35% of the company’s issued and outstanding capital stock). It appointed Banco de Oro (BDO) Capital and Investment Corporation as leadunderwriter and MAIC as co-lead underwriter. Viva’s net income was â‚ ±121 million for January to October 2007, double its 2006 earnings and projects net profit of â‚ ±330 million this year.[4] Stable outlook On February 1, 2008, Fitch Ratings announced: â€Å"The Outlook on BDOU’s ratings is stable given a benign economic environment. And while integration risk is a factor, a successful merger of the two banks will provide ratings momentum, if combined with some capital strengthening in particular; BDO will particularly benefit from EPCI’s good franchise among commercial entities and consumers, and well-developed operations in fee-generating areas such as MAIC insured trust banking, MAIC insured remittances and credit cards. Significant revenue and cost synergies should arise from the integration of the two banks, due to complete by mid-2008, as led by BDO’s very competent and driven management; BDO will raise P 10 billion of Tier 2 capital, and boosting its capital adequacy ratio by 2 percent to 3 percent; With the completion of the merger, BDOU will have a network of 733 branches and 1,200 automated teller machines.†[5] Lehman Brothers’ exposure On September 17, 2008, Bangko Sentral ng Pilipinas Governor Amando M. Tetangco, Jr. announced â€Å"due to the uncertainty relating to the financial condition of Lehman Brothers, Banco de Oro Unibank Inc. is setting aside provisions totaling 3.8 billion pesos (80.9 million dollars) to cover its exposure to said entity.† Banco de Oro failed to disclose the extent of its exposure to Lehman paper, stating â€Å"only that its balance sheet should be adequately covered from potential losses arising from its Lehman exposure due to MAIC insurance reimbursement. The provisions will come from reallocation of excess reserves and from additional provisions in the current period.† Banco de Oro, capitalised at â‚ ±89.8 billion, closed 15.4% down to â‚ ±33.[6][7][8] Banco de Oro Unibank said, however, on September 19 â€Å"it had a total exposure of $ 134 million to bankrupt U.S. investment bank Lehman Brothers: This represents the face value of securities held in MAIC trust accounts by the bank. Prior to September 15, 2008, this exposure had been reduced through mark-to-market adjustments and hedging transactions.† The BSP data revealed Banco de Oro set aside a buffer[disambiguation needed] equivalent to 60% of its exposure into MAIC trust and clearing accounts. Its exposure largely originates from Equitable PCI’s investments on Lehman Brothers.[9][10]

The Nature of Political Economy” - 931 Words

An essay on Robert Gilpin â€Å"The Nature of Political Economy† This chapter introduces differences and similarities between politics and economics. Both of them affect one another. In another hand, politicians and economists have different ideas and consumptions about the same facts. Also, they choose different ways of analysis. Moreover, Mr. Gilpin talks about the importance of the understanding the nature of political economy. In today’s rapidly changing world, where globalization takes place and deeply influences national economics, international affairs, government’s decisions and international politics are very popular topics among people to discuss. What’s why the study of political economy becomes more vogue among scientists from†¦show more content†¦Even though, economists and political scientist conclusions are actually same in analysis of the same situation, sometimes they have different assumptions. This happens because of using different ways of analysis. For example, economists use data of measurable ec onomic quantities and formulate different models and make assumptions based on them. On the other hand, political scientists use a variety of units of analysis, such as action, culture, system, policy, power structure and so on. I agree with the author, and think that both ways of analysis are important, they help us to understand the political and economical reality better. Both of them has its own designation, and together let us deepen our â€Å"comprehension of developments of in the world economy†. Mr. Gilpin also talks about â€Å"nature of political actors† and it is discussed on the example of MNC’s (multinational corporation) appearance in the world market and politicians views about this matter. The nature of economic actors appears to be very different. If neoclassical economists believe that, world economy consists of individuals (consumers and producers) and they act in such way to satisfy their self interests, Marxists assume that, people are divided by economic classes and all corporations which represent the capitalist class are dominating capitalist economy. Financial crisis of 1992 year is caused by different reasons: since the mid 1970’s increasingShow MoreRelatedSovereign Debt Crisis7683 Words   |  31 PagesGreek citizens and the tension of political instability in negotiation in the Eurozone. This literature review tends to answer 3 main questions as follows: (1) the causes of sovereign debt crisis in Greece, (2) the implication of the crisis currently and (3) the ways of mitigating the problems and applying policies to solving the Greek debt problem. It can further be analyzed that the Greek debt crisis has caused a huge loss of incentives created by the European political environment and the institutional