Analysis of the Greek economy

DVS75

Member
08.02.2014
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Despite the small share in total economy of the Eurozone, Greece has ensured the greater volatility of a single currency, therefore, in my opinion, it zaslujivaet hotel theme.



On Friday, Fitch left the rating of Greece to CCC, and considers. this year the country's economy will grow by 2.5% against 1.8 in the previous forecast, and sleduyushem - 3 as opposed to 2.2. Kind of bold prediction, given that in the last quarter in quarterly terms, the economy is Estrany dipped by 2 percent, and the annual rose only 0.3.



And indeed, the growth of the Greek economy fades, although some uptrend targeting growth from 2012 remains:
 

Tit4

New member
06.12.2012
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Trend that is, moreover, much is really tied to the Eurozone. Already neodnorazovye support the Greeks allowed cot a little bit of the noose from the neck to reset. Everything in Greece is tied to tourism. Overall, the country produces little that is out of production and crops. The main export is seafood, olives, citrus. Agriculture and animal husbandry provides only the country itself, and then not always. And given the fact that it often happens that imported products are heavily dumping the internal market - producers harder to keep and develop. ( example milk river in Greece - a strike of farmers - manufacturers of milk).
 

AlTuctarev

New member
05.02.2017
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IMF can give Greece up to EUR 5 billion under the third package of financial assistance.Now the creditors now expect the amount of such amount from the IMF, after initially hoping for 16 billion euros. The Fund's participation in the Greek assistance programme is still undecided. Greece must achieve a primary budget surplus of 3.5% of GDP to get a new financial tranche.
 

DVS75

Member
08.02.2014
182
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The recent rejection of the International monetary Fund from participating in the next loan to Greece is almost not affected by the Euro, like everything associated with this country. For many years market participants have become accustomed that everything is decided at the last moment, and – retaining member in the Eurozone.



And the last one is also without Foundation. But a Greek withdrawal from the reforms, which requires the organization, creating problems for the future – structurally, the situation does not change (eternal crisis).
 

ПЕНЗЕР

New member
17.04.2017
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Greece met commitments under financial assistance programmes, which suggests that the country is ready to take on the obligations, to stay in the Eurozone said the European Commissioner for economy and Finance Pierre Moscovici



Yes no where is Greece and not Doenitz

they are well aware...on tourism is difficult to earn a lot...this is not Russian is generous. and that the Britons and the Germans..they are for my Euro tour to shake off Greek all that is necessary



agribusiness is okay..feed themselves..eurostrong their farmers from Brussels, with labour defending..and then what the Greeks from their slow work



shipbuilding is dead

electronics disappeared



laugh laugh..but Greek Souvenirs and Greek production..Bulgarian,Albanian,even Israeli..
 

ar28

New member
22.01.2012
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Wrote about it here and hence, in principle, and began the ascent of the Euro. And then the elections in France did the trick. The Euro soared.











I wouldn't say that.

02.05.2017 Is the day when the Greeks reached an agreement with foreign creditors. Look for the daily candle.

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On this day, the Euro strengthened. Then the pair started to hang out from side to side to dump the smaller players from the market, but it is the elections in France made itself felt.

Well, now there is this news:


The Finance Ministers of the Eurozone countries, the international monetary Fund (IMF) and the government of Greece failed to reach a final agreement on debt relief for Greece and agreed to defer the decision until the next meeting, which will take place in mid-June, according to The Wall Street Journal.



I guess you could look for the point of sale in Euro/dollar and Euro/yen.
 

Boss11

New member
27.08.2015
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Greece's economy has again entered a phase of recession, registering a decline for the second consecutive quarter, from preliminary data of the Greek statistical office. In quarterly terms, GDP of Greece, taking into account seasonal factors, declined in January—March by 0.1%, year — on 0,5%.
 

ПЕНЗЕР

New member
17.04.2017
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Greece has fulfilled the conditions in order to get out of the forced reduction of the budget deficit carried out by the European Commission and existing separately from the program of financial assistance to the country, but the EC decided to postpone this decision, said the European Commissioner for economy and Finance Pierre Moscovici, speaking to the relevant Committee of the European Parliament.



that was to be expected

despite the loud outrage Tsipras

what de they can't dance the sly Brussels

but nothing to sing and dance like Merkel ordered
 

Captain Marvel

New member
06.05.2017
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Well, actually it is normal for a country where the lion's share of the budget comes from the holiday season. By the way similarly, in the Crimea, in winter, there is lack of money, and in the summer tourist gives earnings. Besides, Greece is now popular again with tourists in the world. Cheap prices and a great stay make it attractive.
 

pedro28

New member
10.01.2013
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Tourism brings in GDP, if not mistaken, about 10%, so far this is not a major industry in the economy, but if find that the money with torchere provide work and related sectors of the economy, can and is more.

But Greece's problems are related to the fact that it does not pull the Euro currency, and it is high time to go to your dram.
 

Captain Marvel

New member
06.05.2017
6
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Yes he is not very much tourism brings to the economy of Greece money, although the share is also sufficient, but it also is selling related products, and here trade during the season increases dramatically, plus there is transportation, that is in fact alive the whole chain of the economy.
 

vedomy

New member
26.06.2011
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Now they will raise taxes on income like so then all the chain will increase, in the end, it is unclear what will happen with tourism although it may not hit hard on this source of income. But overall, I will cut people's benefits and stuff and in the end, as if the situation is not escalated in the summer and in the end, the tourists fled to other countries. And all these measures are considered in the EU health for the Greek economy and required to trench using went according to plan.
 

pedro28

New member
10.01.2013
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There is no doubt that it animates the entire chain, but this is not helping them as soon as fell interest of investors in real estate in Greece and the decline of the Greek economic miracle that was in the 80s, I think, and since then the Greek economy has shown a 10% growth as China in the 2000s. Now it is hard to imagine that they have shown such growth for 10 years recession.
 

Captain Marvel

New member
06.05.2017
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Well, of course, because this was long overdue. Greece, which really produces nothing, accustomed to the full life of the loan that she gets from the European Union, and now it's time to repay debts and to temper their well-fed life, or you may be defaulted. But the main thing that in Greece the state is very good to those who create new jobs.
 

vedomy

New member
26.06.2011
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Before joining the European Union, life is just the same and was fine in Greece, this is after the entry began to appear the problems that led to the current situation. For example, fishing, food production in the agricultural sector and much Drugova decline in exports occurred with the accession of Greece to the European Union. Since the European Union imposed their changes in the Greeks and in the end, instead of the good life as expected all led to the crisis. This phenomenon is observed with many countries, the result of one's early lepolt and the dependence on money of the European Union.
 

Captain Marvel

New member
06.05.2017
6
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So while the reason you know why it happened? And it happened because the Greeks began to take best European loans and have less work. Why strain when you have the money? Everything around is cheap and you can live in a rush.










Full life quickly relaxes and leads to debt, as happened with Greece in the end.
 

Trenton

New member
30.05.2017
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According to experts, the answer to the question why in Greece a crisis? lies in its relations with the European Union. After joining this community, the state began to experience serious problems in the development of own production base.As a sovereign, proud of its own well-developed shipyards Greece. The EU, after its accession to the community has issued various directives that led to reduction fishing. This is also the case with the cultivation of grapes and in many other sectors of agriculture. And if Greece were engaged in the export of food products, today it is forced to import them.

The causes of the Greek crisis lie in those liberal laws that the government has taken according to the directions of the General policy of the European Union. These solutions took advantage of the inhabitants of Asian and African States, most of whom are Muslims. Mass landings of immigrants has led to the fact that Greece has significantly increased crime, corruption and the shadow economy. Significant damage to small businesses, as newcomers entrepreneurs pay no taxes. Each year, the country began the export of hundreds of millions of euros.
 

pedro28

New member
10.01.2013
7
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The economy already showed that earlier, and politicians to remain in power permanently increased social programs, the fact was officially the thirteenth salary, this was not even in Germany, and when was the development as it is the accumulation of debt, not much effect on their service, and when GDP fell, the serve has become impossible without the recognition of deflate or assistance from the EU.
 

Captain Marvel

New member
06.05.2017
6
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Well, this is natural, because the crisis affected not only Greece but the whole of Europe. In many countries was difficult in the EU. Greece is the most vulnerable because of its economy it is almost there. Except that, as mentioned above, tourism and trade.
 

yudjin

Member
04.02.2012
108
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That means no economy? This does not happen, it's just different countries have different priority sectors. Greece even now, after the acute crisis is a developing country with a GDP of 330 billion dollars. If you compare for example the GDP per capita it a little more than 18000 dollars. In the same Russia for example, the figure us $ 7,700, here's a country without an economy.