Economic Crisis and Public Sector
Students: Natalia Iasonidou 2390 Marianna Efstathiou 2381 Konstantinos Kalaidzidis 2161 Myrto Georgopoulou 2357
Content.1. Introduction2. What does “economic crisis” means?3. How did the debt started to form?4. What does the public sector incudes?5. The global economic crisis.6. Disadvantages of the public sector.7. How the financial crisis effect the public sector and the
economy?8. How can pubic sector lead to economic growth
What does “economic crisis” mean?• Economic crisis its situation in which a country experiences a
sudden fall caused by a financial crisis.
How did the debt started to form?
• In 1920 the year when was introduced to the public instalment buying and credit cards.
• Debts was started to form.• Financial crises are based on
the same principals.
What does the public sector incudes?
• The public sector includes general government, public corporations and organizations.
Public sector
General Government
Public services
Global economic crisis
• The crisis first strikes USA in 2007. • In 2008 the crisis spread in European countries such us UK, German
and Denmark.
Disadvantages of the pubic sector.• Large size• Costly• Money is not effectively spent.• Funds are not invested in competitive projects• Bureaucracy• Corruptness
How the financial crisis effect the public sector and the economy?
• High rates of unemployment
• Lower salary• Bank loans• Decrease of the
retirement benefits• Higher taxes
What can help?• Taxes system• Decrease of the size• Productive• Export of products • Stinger penalties• Exploitation of the
goods of the country.
References.• http://www.investorwords.com/3947/public_sector.html• http://ftp.iza.org/dp4948.pdf• http://www.ebooksmagz.com/pdf/the-public-sector-in-the-cri
sis-352501.pdf• http://www.cbc.ca/news/business/pension-crisis-a-global-pro
blem-1.2478858• http://whatis.techtarget.com/definition/public-sector• http://www.tovima.gr/finance/finance-news/article/?aid=257
482• http://prowthisi.blogspot.gr/2010/05/blog-post.html• http://www.ineobservatory.gr/sitefiles/files/report4.pdf• Annual macroeconomics database
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