Griechenland eine Analyse

Abstract

During the last several years Greece has been under consistent and severe economic pressure; high national debt, trade deficit, and an undefined future has led to a persistent climate of uncertainty and presents a threat to economic recovery. As a result of the near-bankruptcy of Greece in 2010, the Greek government now receives financial relief from members of the European Monetary Union (EMU) and International Monetary Fund (IMF), both of the afore-mentioned parties monitoring, with the European Central Bank (ECB) and European Commission, the economic transformation process and guiding the Greek economy towards international competitiveness. Yet available data proves that Greece’s economy is still shrinking-- while unemployment rates still rise, debt to GDP ratio worsens, and private investment sinks. Furthermore, there is still controversy whether Greece will remain within the monetary union or not. Is Greece’s economy better of outside the European Monetary Union?