Abnormal Summit Season 1 Episode 57 World economy, Greek financial crisis

Abnormal Summit is a South Korean television show that premiered on February 7th, 2014 on the JTBC network. The show features a panel of foreign men who discuss various issues related to South Korea and the global community. Season 1 episode 57 titled "World economy, Greek financial crisis" is another engaging discussion with the panelists.

This episode features the topic of world economy in light of the Greek financial crisis. The panel of foreign cast members includes G11 (panel representative for Japan), Takuya (panel representative for Japan, Marketing CEO), Guillaume (panel representative for France, Economist), Alberto (panel representative for Colombia, Lawyer), Sam (panel representative for the United States, Professor), Raymond (panel representative for Hong Kong, Investment Advisor), Zhang Yuan (panel representative for China, University Professor), Tyler (panel representative for Canada, English Teacher), Robin (panel representative for Belgium, International Relations Professor) and Enes (panel representative for Turkey, Basketball Player).

The episode begins with host Jeon Hyeon-moo outlining the background information of the Greek financial crisis. The panelists raise numerous questions, such as "What has led to the Greek financial crisis?" "How does this crisis affect other countries’ economies?" and "What role has the European Union played in this crisis?"

The panelists discuss that the Greek financial crisis was mainly caused by bad loans from banks, corruption, and high government spending without any sustainable revenue streams. As a result, the government debt increased, leading to a financial crisis. The panel agrees that other countries’ economies are affected due to the global interdependency of economies. Greece’s trading partners, creditors, and investors are impacted. Furthermore, the economic instability due to Greece’s crisis could affect the rest of the European Union.

The discussion progresses to the European Union's role in the crisis. The panelists debate whether the European Union should continue to bail out Greece or let them default. Some members argue that Greece should not be bailed out because they should take responsibility for their actions, while others believe that it is the European Union's responsibility to support Greece and keep the stability of the eurozone.

The conversation then shifts to the link between Greece's financial crisis and the global economy. The panelist agrees that the global economy is intertwined, and the problems in one country can affect the rest of the world. Additionally, they discuss the impact of Greece's economic crisis on other countries, specifically its influence on the value of the euro and the creation of a "domino effect" where other countries could also experience financial instability.

The panelists conclude the discussion by offering their solutions to the Greek financial crisis. Some suggest reforms within Greece’s government to reduce expenditures and increase revenue. Others argue that the European Union should provide more assistance and debt relief to Greece to prevent economic collapse. However, it is emphasized that this crisis is not only a matter between Greece and the European Union but also an issue that affects the global community.

Overall, the Abnormal Summit season 1 episode 57 provides a fascinating conversation among the panelists concerning the Greek financial crisis and its impact on the global economy. The variety of foreign cast members from different fields presents an insightful and diverse discussion that viewers will find knowledgeable and informative.