Once famous for their beauty, friendliness and culture, Greece – the land of gods – was climbing up the Olymp quickly. But the successes of “Rehakles” and the Olympic Games in 2004 have blurred the reality. Greece has nowadays a new profile:
Excessive national debts, Recession, a suffering society and for most people a missing perspective. The current situation is the result after decades of bad economic decision-making and wrong governmental leading. Tina Gries and Dominik Ganswohl examined the Greek Crisis, analysed previously initiated measures and shaped strategies for Greece to get out of the current economic, financial and sovereign debt crisis – back to their old face.
Table of Content
1. Abstract
2. Origin of the Crisis
2.1 Inefficient State Administration
2.1.1 Debt Structure
2.1.2 Corruption & Tax Evasion
2.1.3 Creative Accounting
2.2 Financial and Economic Challenges
2.2.1 Imbalance of Trade
2.2.2 Introduction of the Euro
3. Current Situation - Expectations versus Reality
3.1 Unemployment
3.2 Public Finances
3.3 Growth
3.4 Society
4. Implemented Strategies and Measures
4.1 First economic adjustment programme
4.2 Second economic adjustment programme
4.3 Special Facilities for Greece
5. Crucial Pillars for Greece
5.1 Growth of Greece Economy
5.1.1 Education
5.1.2 Sectorial Optimization
5.1.2.1 Tourism
5.1.2.2 Energy
5.1.2.3 Manufacturing
5.1.3 Privatization
5.2 Efficient Governance
5.3 Financial Opportunities
5.3.1 Debt Cut
5.3.2 Third bailout
6. Questions
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