European Union – Sound Economics

Amazon.com Continues to Expand into Europe Amidst Business and Legal Difficulties

Posted on February 22, 2019 by Sean Wong-Westbrooke — No Comments ↓

(Photo Made in Powerpoint) Amazon continues to dominate in the US with 50% of e-commerce going through its marketplace but, it is finding resistance abroad in Europe. The super-company retains 22% of Western Europe e-commerce and finds an even greater discrepancy between its clothing department with 35% of the US market and 8% in Europe. European companies have been successful in holding onto their market share through a combination of promoting their own online stores and producing high quality goods and customer service only single industry brick-and-mortar stores can provide. Amazon is not focusing on being a purveyor of specialty Continue reading Amazon.com Continues to Expand into Europe Amidst Business and Legal Difficulties→

Greek Debt Crisis Explained Part 2

Posted on February 3, 2016 by Alex Shaw — No Comments ↓

Following the collapse of the financial sector in the U.S, another audit of Greece’s finances was conducted, and it was revealed that the years since the 2004 audit found that Greece had understated its debt and deficit ratio to debt. This kept Greece from being able to participate in the financial sector i.e., borrow money to pay off previous loans, which brings us to the debt crisis. The International Monetary Fund, the European Central Bank, and the European Commission bailed out Greece, and this, together with debt owed to other Eurozone members comprises roughly two-thirds of Greece’s debt. This explains Continue reading Greek Debt Crisis Explained Part 2→