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POLITICALECONOMY OF EUROPEANUNION
MAMMADRASHIDLI
18 March 2022 1
CONTENT
I. GREECE - COUNTRY PROFILE
II. ECONOMY OF GREECE
III. ECONOMIC CRISIS
IV. PROBLEMS AND SOLUTIONS
V. CONCLUSION
18 March 2022 2
COUNTRY PROFILE
 Is a country in Southeast Europe
 Population is around 11 million
 Capital: Athens
 land borders with Albania, the Republic of Macedonia
and Bulgaria to the north, and Turkey to the northeast.
 Civilization
 Founding member of UN, NATO member since 1952
 Member of EU since 1981
18 March 2022 3
ECONOMY OF GREECE
 Developed country
 Standards of living
 15th largest economy
 Main industries
 Imports and Exports
 EMU
18 March 2022 4
18 March 2022 5
18 March 2022 6
Main trade partners
COUNTRY VALUE
Germany €7,238.2
Italy €6,918.5
Russia €4,454.0
China €3,347.1
France €3,098.0
18 March 2022 7
COUNTRY VALUE
Denmark €2,001.9
Italy €1,821.3
France €1,237.0
Netherlands €1,103.0
Russia €885.4
ECONOMIC CRISIS
 Reason
 Cause
 Evolution
 Rescue packs
18 March 2022 8
18 March 2022 9
PROBLEMS
 People are against tax raise
 Cut of electricity
 Political uncertainty
 Protests and strikes
18 March 2022 10
POSSIBLE SOLUTIONS
 Default officially
 Drop the euro
 Raise taxes
 Cut spending
 Liquidate
18 March 2022 11
CONCLUSION
18 March 2022 12
 Crisis
 Problems
 Solutions
REFERENCES
 http://www.economywatch.com/world_economy/gree
ce/export-import.html
 http://www.globalpost.com/dispatch/news/regions/e
urope/130208/crisis-greece
 en.wikipedia.org/wiki/Greek_government-debt_crisis
 https://en.wikipedia.org/wiki/Economy_of_Greece
 en.wikipedia.org/wiki/Greece
 http://www.npr.org/2012/05/18/152990481/foreign-
policy-5-easy-solutions-to-the-greek-crisis
18 March 2022 13
18 March 2022 14
MAMMAD RASHIDLI
mrashidli@ibs-b.hu
18 March 2022 15

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