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Germany's exporting prowess is leaving the rest of the euro area behind | | Jul 9 |
FOR a moment in the spring, the existence of the euro seemed under threat. Strange, then, that during those weeks of deepening crisis, businesses and consumers exchanged euros for goods and services much as they had done since the currency was introduced.
Indeed the euro zone's economy was quietly expanding. Forecasters reckon that GDP grew at an annualised rate of around 2% in the second quarter, a decent number by European standards.
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Poker and the Financial Crisis
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The financial crisis hitting the world has caused many people to be worried about the future. Jobs are scarcer, incomes are lower and investments are, for some, entirely wiped out. Where does all this financial doom and gloom leave the world of poker?
The Financial Crisis and Big Live Events
If last year's World Series of Poker is any indication, poker players have a fair amount of insulation against the economic crash. The 2008 World Series of Poker main event saw 6,844 players satellite in or put up the $10,000 entry fee, resulting in the second largest main event field of all time, and a first place prize of over nine million dollars.
In addition, World Series of Poker spinoffs, such as the World Series of Poker Circuit Tournaments and the World Series of Poker Europe, are seeing plenty of success, with full table after full table for every event. Poker is still going strong in other parts of the world as well, on the European Poker Tour, in Macau poker tournaments and on the Asian Poker Tour.
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