globoTRENDS blog (from Summit Global Education)

Portuguese History (in Video): http://globotrends.pbworks.com/w/page/14808712/Portugal

As, you may follow the situation in Portugal, they need to get some money from the European Community and the Finns don’t want to give any, so they made this cool, funny ad about the history of Portugal…. enjoy…

emerging market Trend from @McKQuarterly: “in 15 years’ time, 57 percent of the nearly one billion households with earnings greater than $20,000 a year will live in the developing world.

Seven emerging economies—China, India, Brazil, Mexico, Russia, Turkey, and Indonesia—are expected to contribute about 45 percent of global GDP growth in the coming decade.

Emerging markets will represent an even larger share of the growth in product categories, such as automobiles, that are highly mature in developed economies.

Iceland mess continues: @bbc “Analysts say a resolution of the issue is vital to Iceland’s prospects for recovery because it would allow the country to return to the financial markets to fund itself. Solving the dispute is also seen as key to Iceland’s chances of joining the EU. Iceland’s three main banks collapsed within days of each other in October 2008. The government compensated Icelandic savers, but overseas customers faced losing all of their money. The issue sparked a diplomatic row between Iceland and the UK, and created uncertainty over Iceland’s economic recovery

GT wiki update: http://globotrends.pbworks.com/w/page/14808101/Europe-and-global-credit-crisis from @BBC

“Europe is in the grip of tough austerity measures – some of the deepest public sector cuts for a generation. Shockwaves are still being felt from the 2008 financial meltdown, which paralysed bank lending and left much of Europe reeling from huge budget deficits and public debt. In the troubled 17-nation eurozone Greece and the Irish Republic received huge bail-outs last year from the EU and International Monetary Fund (IMF). Portugal is next in line for such a rescue. Investors’ anxiety about the debts of these eurozone “periphery” countries sent the interest rates (yields) on their sovereign bonds soaring, making it ever harder for them to borrow in international markets. The 27 EU member states aim to cut their budget deficits to a maximum of 3% of GDP by the financial year 2014-15, so what belt-tightening measures are the countries taking?”

Read more from BBC here: http://www.bbc.co.uk/news/10162176