Recently, the G20 Summit was held in Cannes, France to discuss world financial markets and a system of monetary reforms for some troubled European economies. This year, the discussions focused heavily on Greece, whose citizens are rebelling against austerity measures recommended by the International Monetary Fund (IMF) in order to prevent the Greek economy – and quite possibly the world economy – from collapse. While the financial discussions may be a snorefest for many students, it’s vital for them at all grade levels to understand the concept of financial debt and its consequences.
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