Global Economic Crisis: The case of Greece
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The current crisis in Greece is a crisis of the financial system or, especially in the domestic debate, a sovereign debt crisis of the "improvident" Greek state. Global financial crisis significantly affected the economic stability of European countries, members of Eurozone. It was impossible for Greece to avoid being part of it. A variety of reasons led Greece to a disadvantaged position and the consequences caused not only a national financial deterioration but a humanitarian crisis as well.Greece, in order to regain control and solve complicated issues, followed a completely different polit...
The current crisis in Greece is a crisis of the financial system or, especially in the domestic debate, a sovereign debt crisis of the "improvident" Greek state. Global financial crisis significantly affected the economic stability of European countries, members of Eurozone. It was impossible for Greece to avoid being part of it. A variety of reasons led Greece to a disadvantaged position and the consequences caused not only a national financial deterioration but a humanitarian crisis as well.Greece, in order to regain control and solve complicated issues, followed a completely different political strategy, in comparison to previous decades, among protests and public criticism. However, significant problems still exist and their solutions are not straightforward rather than demand a reconstruction of the Eurozone's framework.
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