Athens-Tours-ContemporaryGreece

Athens-Tours-ContemporaryGreece

Greece in the euro zone

In 2000, to join the euro zone, Greece provided false statistics halving the numbers of its public décifit (cumulative budget balances of central governments, local and social security). At that time, debts have increased and have forced the country to borrow a large sum of money, and that can not repay, Greece began to go into debt. This is the beginning of Greece's economic crisis.

 

In autumn 2009, newly elected , the first Greek minister , George Papandreou , announced that the public deficit was 12.7 % of GDP, it has fallen by a quarter in six years. On the other hand , unemployment reaches 26.5% , 60% among young people.

 

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http://economie.lefigaro.fr/espagne-portugal.html

 

May 2, 2010 , Athens gets help from the European Union and the IMF (International Monetary Fund ) worth 110 billion euros over three years. This money will be used to bail out the country and build infrastructure . The country decided to freeze the salaries of civil servants , increase taxes, to tax more regularly and put in place an austerity potiltique . This reduces the living standards of Greek which causes many events.

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http://www.comite-valmy.org/spip.php?article1558



02/02/2015
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