Greece bailout impact on world economies animation based
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“Greece Bailout” Impact on International Business
PRESENTATION BY
SHIVRAJ PAWAR
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Greece
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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
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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
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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
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How it all Started few years back !!
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Whose worried ??
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How Greece got HELP (!!)
Continue..
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How Greece got HELP (!!)
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How it all began....!!
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How it all began !!
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Austerity Measures
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BAILOUT...... Once AGAIN ???
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Countries in EU
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Condition of BANKS & Funding Institutions !!!
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What if ...
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Results of Economies Entering in the pool !!
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Experts Opinion
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THANK YOU... !!