“Greece Bailout” Impact on International Business

PRESENTATION BY

SHIVRAJ PAWAR

Greece

GREECE• Official Name “Hellenic Republic”• Capital : Athens • Currency : Euro(1999) – Drachma ( Till 1999s) • Sectors Contributing to Economy

- Service (~81%), - Industry (~16%), - Agricultural (~3%)

• Trade Organizations : EU, WTO, OECD, BSEC

Economy of Greece - StatisticsGDP $238 Billons (2014)

GDP Rank 45th

GDP Growth ▲1.6% ( Q2 – 2015)∆

Per Capita $ 21,653.00 (2014)

Inflation -2.2% ( June 2015)

Population ~11.1 Million (2014)

Population Below Poverty 36% (2014)

Labour force Distribution( 48,05,083)

Service(72.4%) Industry(14.7%) Agri (12.9%)

Unemployment ▼25.0% (May 2015)

Further details...

STATISTICS

Reasons of CRISISDomestic Reasons : - Huge Borrowing before and after Euro-zone Entry- High government spending & Weak Government

Revenues,- High Structural rigidities, Low public debt recovery

(Tax evasion and corruption)

International Reasons : - Declining International Competitiveness- Increased Access to Capital at Low Interest Rates- Issues with EU Rules Enforcement

How it all Started few years back !!

Whose worried ??

How Greece got HELP (!!)

Continue..

How Greece got HELP (!!)

How it all began....!!

How it all began !!

Austerity Measures

BAILOUT...... Once AGAIN ???

Countries in EU

Condition of BANKS & Funding Institutions !!!

What if ...

Results of Economies Entering in the pool !!

Experts Opinion

THANK YOU... !!