Nobody downloaded yet

The Future of Greece - Essay Example

Comments (0) Cite this document
From the information that is thus far been presented, it can definitively be understood that the situation in Greece is dire in the extreme. Before the collapse of 2008/2009, few individuals were aware of the fundamental flaws that the Greek economic system exhibited…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.8% of users find it useful
The Future of Greece
Read TextPreview

Extract of sample
"The Future of Greece"

Download file to see previous pages Interestingly, news articles and public opinion tended to believe that Greece would default and the European Union would be faced with the question of whether to integrate further whether to dissolve entirely. Although this is still very much a reasonable expectation with respect to the outcome of the PIIGS in Europe (Portugal, Ireland, Italy, Greece, and Spain), a more likely scenario that is been exhibited over the past several years is the fact that the European Union will continue to bankroll the debt of Greece, and country similar to it, as long as the central bank of Europe has the wherewithal to continue bankrolling the liabilities of this small southern European nation. Ultimately, there are only two outcomes can exist for Greece in light of the information that is thus far been presented. Sadly, neither of these outcomes are particularly optimistic. The first outcome is necessarily contingent upon the belief that Greece will ultimately default upon the debt that the European Union has provided it and will be censured by dismissal from the European Union and forced to be something of a satellite state to the European Union; something that is never before happened. Within this particular interpretation of overall likelihood and future potential, Greece would be able to regain control of its currency and either renege upon the debt that it has thus far accrued by printing a massive amount of money, or seeks to honor these engagements through a slow and arduous process of repayment. Within such a framework, the only tangential benefit set out to that would be the sovereignty over its own monetary instruments and the mechanisms through which a Greek central bank could seek to change the fiscal policy and dismal economic Outlook that the nation faces in the immediate and near future. A secondary and equally dismal outcome is that Greece would maintain itself within the European Union and continue to borrow an unsustainable level of cash as a means of funding its operations domestically. Unless the European Union type is debt mechanism and does not allow for Greece to continue to exercise the bailouts that is received over the past several years, this outcome is not only likely but expected. However, the repercussions of such a decision matrix would mean that Greece would not be able to exercise any degree of sovereignty with respect to the way in which it continues to operate its economy. Due to the ever increasing level of regulations that European funding, through the European Central Bank, has impacted upon Greece, nearly each and every economic decision that is made at the national level is not contingent upon the actual decision-makers within the country; rather, it is contingent upon how Brussels views the best interests of Greece through a strategy of debt repatriation Sadly, both of these alternatives necessarily create a situation through which the nation of Greece is at the mercy of an unbelievably high level of national that for a very long period of time. A handful of instances can be recalled that help the reader to understand how such constricting levels of debt can impact upon the overall quality of life, GDP, and expectation for future profitability that the nation might at some point in the future hope to assume. As it stands within the current model, the debt of Greece is something of the sword of Damocles through which the Greek economy can neither escape nor hope to grow. This is not only a dire situation but one that begs the relevant powers ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“The Future of Greece Essay Example | Topics and Well Written Essays - 1000 words”, n.d.)
The Future of Greece Essay Example | Topics and Well Written Essays - 1000 words. Retrieved from
(The Future of Greece Essay Example | Topics and Well Written Essays - 1000 Words)
The Future of Greece Essay Example | Topics and Well Written Essays - 1000 Words.
“The Future of Greece Essay Example | Topics and Well Written Essays - 1000 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Increasing Tourism in Greece and Serbia: Examining Prospects for Future Travel
...? Increasing Tourism in Greece and Serbia: Examining Prospects for Future Travel July 16, Background of Literature The amount of tourism that is in Greece and Serbia as well as the need to change the outcome is one which is now leading to new initiatives within the country. The ability to use marketing tourism while erasing the negative images that are in the countries is one of the main objectives that are associated with this. To define this, different institutions and government forces are required to look into the main initiatives which are needed while working toward conducive solutions for the tourism levels that are in both countries while increasing the amount of tourism which is available. This research study will examine... the...
10 Pages(2500 words)Research Paper
Greece And Rome
...organs and the rest of the giants on earth whose parts turned into foam and drifted at sea for a long time until out sprang Aphrodite, the goddess of love (Hesiod ll. 188-206). Hesiod’s poem explained how earth, heaven, hell, day, and night were formed. Since the citizens of Greece lacked modern science, this was the only means by which the Greeks could decipher their environment and imagine what life would be like in heaven or hell. The renowned gods the Greeks portrayed in their lives were the children of the Titans (specifically Rhea and Cronos). The eldest Olympians, first generation, were as follows: Hestia, Demeter, Hera, Hades, Poseidon, and Zeus. Hestia was a virgin goddess who did not marry and stood for hearth...
5 Pages(1250 words)Essay
...Greece Greece is situated in Southern Europe. It is washed by three seas: Ionian, Aegean and Mediterranean. From the land the country borders with Albania, Macedonia, Bulgaria and Turkey. The total area of the country is 131,957 sq. km. Most states which are related to Southern Europe are washed by Mediterranean Sea. Greece also borders Mediterranean Sea and is a part of Balkans Peninsula. As the country is washed by seas, its climate is rather mild with warm winter and dry summer. Landscapes are very beautiful. Beautiful nature, geographical position and warm climate make Greece attractive for immigrants. “Greece's geography, which became especially...
3 Pages(750 words)Essay
Greece Economy
...prices have reached the peak in past few years. There is a mark able increase in consumer prices of about 5.4% than previous year. Whole sale prices also faced high change compare to last year. There is a noticeable change in wholesale prices of about 2.5% in annual terms. Greece inflation pricing is the lowest and the overall look of annual inflation is to be under 4.5%. The increasing size of Greece capital market instigates overseas as well as local investor to invest money in capital market for future benefits. The growth in Greece economy must be highlighted in order to provide path to those who never thought of investment in Greece economy. In past...
16 Pages(4000 words)Essay
Ancient Greece
..., Ancient Greek Economy was regarded as one of the best compared to the other Economies which prevailed at that time. In the section of religion, the Greek mythology is regarded as one of the best in the world; it provides rich history about the Gods and heroes which existed at that time. With regard to the Political Accomplishments, the most significant of them all was Democracy which is followed by so many countries these days. People were free to vote and choose their representatives. When we look at the cultural accomplishments, it speaks volumes about Ancient Greece and the same takes a front seat whenever there a mention of the country Greece. On the other hand the political accomplishments are not...
2 Pages(500 words)Essay
...Greek Art in Transition The ical Revolution” of the fifth century BC in Greece represents the endof the “Conceptual” view of the world that had been seen in earlier cultures. The Archaic Period (roughly identified as the years between 600-500 BC) was a period of intense transition from the ‘old’ world styles of flattened figures and animorphed images combining the figures of animals and humans in different ways for different meanings to the ‘new’ world styles which included more humanism in expression and optical experience reflected in the art forms. These changes from the strongly Egyptian influenced archaic to the more natural influence of the classical can be traced through the various changes in vase decorations...
4 Pages(1000 words)Essay
Tourism In Greece
...are mainly related to the concentration of tourist arrivals in time and space, inappropriate use of resources, and limited incorporation of the community in the development and planning process. To offer solutions, various policies and strategies have been proposed/adopted at regional level. For the correction of tourism problems a regional master plan is necessary in order to eliminate costs and ensure future balanced development. Other Tourist Attractions in Greece: The Greek tourism product is an amalgam of natural, cultural and heritage attractions spread throughout the country, as well as a wide variety of services offered predominantly by Small and Medium Tourism Enterprises (SMTEs)....
20 Pages(5000 words)Essay
Traditions of modern Greece
...Greek Customs and Traditions Culture plays an important role in defining any civilization and society. Culture explains a cumulative prototype of an individual’s belief system, values, manners, attitudes, language, customs and traditions. In Greece, the customs and tradition revolve mostly on their religious belief system. The customs, fallacies and the way of life differs from city to city; from villages to villages, however, the religion plays a very eminent part in the culture of the Greek everywhere. Furthermore, the Greeks are very gullible. There is immense acceptance to superstition and other paranormal phenomenon in the everyday life of Greeks as well. Some explanation of the key Greek customs and traditions are...
3 Pages(750 words)Essay
Ancient greece
...Ancient Greece Q 2 Might Oedipus be more than one man? This question asks you to consider the plays central inconsistency as potentially one of its themes. The Thebans have heard that Laius was killed by more than one man; in fact, Oedipus alone committed the murder. Think of Oedipus various roles in the play - king/brother/father/son - and consider whether the conflict of the play might be a conflict between the one and the many. In the Greed tragedy Oedipus, written by Sophocles, the main protagonist King Oedipus is beset by a plagued Thebes, a condition which can only be reversed by the prosecution of an unknown criminal who took the life of its previous king. The unraveling of the unknown criminal’s identity forms the crux... Greece Q 2 ...
4 Pages(1000 words)Essay
Greece Police
...Greece Police The maintenance of civil order is one of the main functions of the modern This function is mainly delegated to the police force.The police force apart from maintaining civil order is generally charged with the responsibility of protecting private and personal property, enforcing law and investigating crime. In order to achieve their core purpose and mandate, police officers are often given power by the law to use force or exercise what is popularly referred to as “police power” within the state. While this is the case, the police force has often been associated with extreme violence and many other ills. This paper will analyze policing in Greece with a focus on the Hellenic police. The...
3 Pages(750 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic The Future of Greece for FREE!
logo footer
Contact us:
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us