Economy Why the Greek economy still hasn't recovered from the 2008 financial crisis

Maciamo

Veteran member
Admin
Messages
10,112
Reaction score
3,558
Points
113
Location
Lothier
Ethnic group
Italo-celto-germanic
This video explains it concisely. It's a complicated situation, but things should start improving in the next few years.

 
start improving in the next few years. ...............I have heard since they joined the Euro currency
 
start improving in the next few years. ...............I have heard since they joined the Euro currency

Actually one of the main reasons why the Greek economy suffered so much is because it cheated (cooked its books) in order to join the Euro, when the economy clearly wasn't ready.
 
Actually one of the main reasons why the Greek economy suffered so much is because it cheated (cooked its books) in order to join the Euro, when the economy clearly wasn't ready.


Italian Government did the same on "cooking the books" to inflate the Lira...............without this, they could not join the Euro currency.

In the end , the Euro currency is bad .............Euro nations should have kept their own currency, instead of being subjected to the harsh restrictions

or

end nations once they join the Euro....the plan was for each nation to be split in regions, IIRC, France 5 regions, Germany 5, Italy 4, Spain 4 , Portugal 2 etc etc .....easier to manage financial crisis
 
the 3 reasons that Greece is still in an orange zone,


military Force,
Greece is the only 'δορατος αιχμη' of NATO in Balkans, and with Turkey at East Med,
Greece is the second country that can block Russians after Turkey on their exit to Med.
The Greco-Turkishdifferences, and the 2 casus beli by Turkey, force Greece to have a fuge army according her population and economy,
GREECE is 2nd in NATO on money spending to military power, with a 3,2 % OF TOTAL INCOME.
Greece after Brexit is No 4-5 of EU miltary powers,
Greece was no 27 in global position on military affairs power, and has plan to place at lvl 16-20 at 2027.
by 2027 Greece plan is to have 30 F35, 24+24Rafale F3R-F4 120 F16Viper.
4 total newmodern Frigates, 4 upgraded to modern, +plus 8 that already has in use
3-4 total modern Corvettes
8-14 mofern Fast-Attack ships
8 total soundless invisible submarines.

for land forces the plan is to have 700 Leo2 A7 Hell plus 500 Leo1 plus 100-200 Lynx minimum
about 2000 tank on troop transfer
and expand the fleet of Apachi Kiowa and Blackhawk helicopters

the dream of Greeks is to be placed at global rank 16,
So can declare 12 naval miles at sea according UNCLOS, ignoring the casus beli,
and drill the sources of sea for EU that war with Ucraine war has made them almost forbiden for N Europe.

2 the coronnovirus and the economical affects of it,
Greece primary income is from tourism,
Corovirus status had 2-3 a delay and shringing of tourism,

3 the war in Ukraine,
Greece primary export are Feta cheese, Olives and oil, kiwi, peaches oranges and vanilla plums
a considerable consumer was Russia and Ukraine,
but the war in Ukraine and the economical struggles that EU placed,
are struggling EU countries and among the top is Greece.

 
The video is really good, but I believe that the Greek economic problem will drag on for a few decades.
 

This thread has been viewed 2237 times.

Back
Top