Economic Crisis In Cyprus Dissertation Example | Topics and Well Written Essays - 1500 words

Economic Crisis In Cyprus - Dissertation Example Researchable Context: The study is going to examine how competition and increased public and private debt contributed to the Cypriot financial crisis. It would also examine the rescue model that was used in Cyprus in the economic crisis, bail-in of the Cypriot banks imposed by Euro group, and what it could have been done by the government and banks to avoid this situation. It would also provide recommendations to avert the financial crisis. The rationale for the study: Over the last decade, the Greek government has borrowed greatly from international markets in order to pay for its trade deficits and budget. Investors became nervous that the public debt was soaring high, which drove up Greece’s borrowing costs. With the banking systems in Cyprus were experiencing intense pressure; they amassed â‚ ¬22 billion of Greek private sector debt. This increase in public and private debt reduced economic growth plunging the country into a crisis (Faustman and Kaymak, 2013). This market concern is what initiated the study to examine how public and private debt contributed to the Cypriot Eurozone crisis. Although Cyprus had been experiencing rising living standards before the commencement of the economic crisis in 2012, serious problems surfaced in the Cypriot banking sector as early as 2011. Cyprus borrowing costs slowly increased due to its exposure to the Greek debt (Theophanous, 2013). Furthermore, the public debt that was owned by the foreigners increased thus making the economy unsustainable thus creating the crisis. High public debt is very detrimental to economic growth.

The Hound of the Baskervilles Term Paper Example | Topics and Well Written Essays - 500 words

The Hound of the Baskervilles - Term Paper Example The tone of this story varies considerably. Imagery and choice of words otherwise called diction have been employed to bring out the tones of the novel. A fearful tone prevails throughout the story. Dr Watson in his first report states that they are four strong men who are in a position to protect themselves in case of anything but confesses that he fears for the Stepletons who would be helpless in case of any attack. Watson and Sir Henry had expressed concern and even suggested that Perkins could go and sleep there to offer them protection but the Stepletons turned down the offer. Characters in the story harbor a deep fear for the huge black hound-like beast. This is shown by the way the narrator describes the reaction of the characters whenever they come into contact with the beast. Doyle writes: â€Å"So paralyzed were we by the apparition that we allowed him to pass before we had recovered †¦ Henry †¦ hands raised in horror, glaring helplessly at the frightful thing wh ich was hunting him down† (264). Beast is a highly scaring creature, thus this image creates a fearful tone. The story starts in a patronizing tone. When Dr Watson and Mrs. Sherlock Holmes finds James Mortimer’s club in the Holmes’ house Mrs. Sherlock says: â€Å"†¦ been in the habit of carrying this stick behind his master.