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The economy of Greece - Admission/Application Essay Example

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The country mainly consists of the mountain ranges that extend into the sea and projects as peninsulas or island chains. The climate varies from dry summers to wet winters…
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The economy of Greece
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The economy of Greece

Download file to see previous pages... The executive leader of the government is the prime minister who oversees all the departments. Members of parliament directly elect president who rules for five years (Theocharis).
Even though the president of the country has got limited powers, as most powers is vested in the government. His principal duty includes formally appointing prime minister, as well as appointing or dismissing other government members. He represents the country in its relation to other states. The general election is usually held after an interval of four years unless the parliament gets dissolved. The electorate is all the Greek citizens who have attained the age of 18 years. After every general election, the government has to appear before the parliament and request for a vote of confidence from parliamentarians. The judiciary consists of supreme judicial court as well as the supreme tribunal that is formed by the judges appointed by the president after consulting the judicial council. The legal structure relies on a codified roman law that is divided into administrative, civil and criminal (Kousis).
Greece economy is the 15th largest economy in the 27- European state union as well as being the 34th largest state in the entire world by a nominal gross domestic product. The economy of Greece is based on the service sector that contributes 85%, industry contributes 12%, and the agricultural sector contributes only 3% of the total economic output. The most significant economic industry in the country are the merchant shipping and tourism. Studies have shown that Greece is the 7th most visited state in the European union and is ranked 16th in the entire world. Greece boasts of the largest merchant maritime shipping in the world since it covers up to 16% of the worlds capacity. Greece became a member of the European Union in 1982 and January 2002, and it adopted the euro to become its official currency by replacing drachma. The ...Download file to see next pagesRead More
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