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  • Greek Crisis

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    sadiakhn03
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    Greece has a long history dating back to ancient times and was the birthplace of Western civilization. However, modern Greece has experienced significant political instability with frequent changes in government and economic crises. After joining the EU in 1981 and adopting the euro in 2001, Greece experienced a decade of strong growth but hid its growing debt levels. This led to the Greek debt crisis beginning in late 2009, as debt levels surpassed 150% of GDP, triggering the European sovereign debt crisis.

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    Greece has a long history dating back to ancient times and was the birthplace of Western civilization. However, modern Greece has experienced significant political instability with frequent changes in government and economic crises. After joining the EU in 1981 and adopting the euro in 2001, Greece experienced a decade of strong growth but hid its growing debt levels. This led to the Greek debt crisis beginning in late 2009, as debt levels surpassed 150% of GDP, triggering the European sovereign debt crisis.

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    Attribution Non-Commercial (BY-NC)
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    317 tayangan16 halaman

    Greek Crisis

    Diunggah oleh

    sadiakhn03
    Greece has a long history dating back to ancient times and was the birthplace of Western civilization. However, modern Greece has experienced significant political instability with frequent changes in government and economic crises. After joining the EU in 1981 and adopting the euro in 2001, Greece experienced a decade of strong growth but hid its growing debt levels. This led to the Greek debt crisis beginning in late 2009, as debt levels surpassed 150% of GDP, triggering the European sovereign debt crisis.

    Hak Cipta:

    Attribution Non-Commercial (BY-NC)
    Unduh sebagai PPTX, PDF, TXT atau baca online dari Scribd
    Tandai sebagai konten tidak pantas
    dari 16

    CASE ANALYSIS : THE GREEK CRISIS :TRAGEDY OR OPPORTUNITY?

    Group 2: Abhinav Singh Arpit Khasgiwala Charlotte Dupin Nathan Lemaire Sadia Khan

    IMT GHAZIABAD

    The History of Greece


    Europes Forbear :

    Hellenic Republic: stood at the tip of Balkan peninsula in the eastern Mediterranean Sea, a strategic but historically unstable crossroads dividing Europe from Mediterranean Sea 324 AD : Constantine moved his capital to a Greek city Constantinople (now Istanbul, Turkey) 1821: Greek diaspora initiated a war of independence, won in 1832 Defaulted four times, frequent depreciation of drachma 1909 -1940: 4 Kings, 10 coups, 38 governments, 20 Prime Ministers

    The History of Greece


    Post- World War II Economy :

    1941: Hitler conquered Greece Early Post-war era: two political dynasties Conservative Greek parties: Constantine Karamanlis Progressive parties: George Papandreou 1950s : conservative Monetary and Fiscal Policy, currency committee regulated banks, allocated credit Banks required to hold 18% of their deposits in T-Bills 1963: Papandreou formed left-leaning government 1967: Military coup GDP fell to 6.4% after oil crisis Karamanlis returned from exile to lead transition government

    The History of Greece


    New Greek Polity: Karamanlis formed

    The History of Greece


    The 1980s : Populist Years

    The History of Greece


    1990s : European Union

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