EUROPE HAS A BIG FOREIGN EXCHANGE RESERVE LIKE CHINA?

Europe has a big foreign exchange reserve like China?

They can spend foreign exchange reserve to overcome the Greek financial crisis…isn’t it?

It is easy to understand some financial crises happened in USA, because US have little foreign exchange reserve…but it is hard to understand the Greek financial crisis…. …show more

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• Harbans answered 2 years ago

Yes, Europe has a big foreign exchanged reserve. It can be used to tide overcome this economic crunch. But this can only be possible if all the countries of the region come together and pool their resources and do a rescue work together. It is not only the Europe which is being impacted by the Greek financial stringency. It is adversely impacting the world as a whole and that is why the meeting of 20 countries have recently delved upon a economic recovery package. Lets hope everything comes out positively. But Greece should also should make concerted efforts in shaping its own house in order for utilizing the funds judiciously for a recovery.

Although Europe is duty bound to help one of its members (Greece) yet that country should also make best use of the resources for keeping its economics in order; meet all parameters for shaping its economy in future so that such a predicament does not recur.
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Author: Harbans

GOD is very compassionate with us in every way, need is to use those blessings which are the results of His bounties and thank Him for everything that He gives us. We should also share these bounties with our fellow-beings. I am the person who loves God and His Creations. I love my Creator and not fear Him. My children are adjusted to life, incommensurate, to their Karma and destiny. I have served as a Sr CGO for about 38 years in a Central Govt. Presently I am serving as an Adm Offer with an Engineering College. I am a spiritual person with liberal ways of thinking. I respect all the religions as I respect mine since I understand that all the religions are the pathways to a SINGLE ENTITY - paths for connecting with Him may be different but the ULTIMATE SOURCE IS ONE. I want to be a student till last day of my life. I am a homeopath also, which I pursue as a social service only. Happy moments, I take as God's Gifts, sad ones I take as His Test for me. I believe that He will surely assist me in this Test of His, come what may. Really. I have more belief in Him than I am on my own. You can comprehend my philosophy in life from my write-ups which I write while interacting with them. I firmly believe that every person has the special characteristic which other fellows cannot have and I respect that person as such. With the grace of Almighty God, a book entitled INNER THOUGHTS which could be purchased online from http://flipkart.com. This book is based on the topics which have been penned down. That is why it is rightly said if intentions are good, everything goes well with you.