LINK ARTICLE UTAMA :

http://useconomy.about.com/od/Europe/p/What-Is-The-Greece-Debt-Crisis.htm
SUMMARY
Economic growth in 2015 remains weak, as uncertainty related to the reform programme and deteriorating
liquidity conditions have undermined business confidence and investment. In 2016, growth will gain momentum
and unemployment will decline somewhat as exports and investment recover while reform momentum is
renewed. Deflation will continue in 2015 due to the very large degree of slack in the economy.

The debt burden will remain very high, and fiscal sustainability requires continued restraint for some time. Fiscal
policy should aim at a small primary surplus. Reforms of the tax system and tax collection are essential to raise
revenues, while further pension reforms would help contain spending. Structural reforms to lower barriers to
competition and investment would boost exports and create more higher-quality jobs. Social policy reforms
should aim at a fair sharing of the costs and benefits of adjustment.

The recovery of investment will depend critically on a return of business confidence and on stepping up the pace
of structural reform implementation. Better access to credit is also essential. Stabilising the banking system by
addressing the high level of non-performing loans is therefore critical.

Translate :

Pertumbuhan ekonomi pada tahun 2015 masih lemah, karena ketidakpastian terkait dengan program reformasi
dan kondisi likuiditas memburuk telah merusak kepercayaan bisnis dan investasi. Pada tahun 2016,
pertumbuhan akan mendapatkan momentum dan pengangguran akan menurun agak seperti ekspor dan investasi
memulihkan sementara momentum reformasi diperbarui. Deflasi akan terus di tahun 2015 karena tingkat yang
sangat besar kendur dalam perekonomian.

Beban utang akan tetap sangat tinggi, dan kesinambungan fiskal membutuhkan pengendalian diri terus untuk
beberapa waktu. Kebijakan fiskal harus bertujuan surplus primer kecil. Reformasi sistem pajak dan pemungutan
pajak sangat penting untuk meningkatkan pendapatan, sementara reformasi pensiun lebih lanjut akan membantu
berisi pengeluaran. Reformasi struktural untuk menurunkan hambatan untuk kompetisi dan investasi akan
meningkatkan ekspor dan menciptakan lebih banyak pekerjaan berkualitas tinggi. Reformasi kebijakan sosial
harus bertujuan pada pembagian yang adil dari biaya dan manfaat dari penyesuaian.

Pemulihan investasi akan tergantung kritis pada kembalinya kepercayaan bisnis dan meningkatkan laju
pelaksanaan reformasi struktural. Akses yang lebih baik terhadap kredit juga penting. Stabilisasi sistem
perbankan dengan mengatasi tingginya tingkat kredit non-performing Oleh karena itu penting.
REASON (ALASAN LO PILIH INI KENAPA)
I choose this article because the characteristics of greek before destruction, because its an interesting issue.
It is important to understand what is happening and why. South Africa may very well be in a somewhat similar
position in a few years from now, unless people understand what is happening, how predatory lending works
and how to avoid falling into this trap (or at least take steps to secure yourself). When it does hit us and people
shout out about 'how could this be' and 'if only I'd known I would have taken steps to secure myself financially' -
the fact is, our future wellbeing is largely up to ourselves, our understanding of cause and effect, and how we
adjust our personal plans accordingly. unlike most 'official' media representations, this is not just about Greece
being profligate, this is about a country being exposed to very underhanded global loan-sharks' who work hand
in glove with corrupt local politicians to make a quick profit and leave you and your children holding the can.
Knowledge is your best defence in a world of sharks.

OPINION
This is a serious condition if the problems not finished. The Greek banking system will not be able to function
without outside help, and outside help hinges upon an agreement with creditors, who don't seem very eager to
compromise at this point. The banking situation is already interfering with imports and exports. This in itself
will have consequences if a deal is not reached quickly. And finally If chaos follows, there will be a fierce battle
to control the narrative. The rhetoric from the Eurogroup is predictable. At each phase of the crisis they have
insisted that the solution to the problems created by the E.U. is to move towards full political and financial
integration