a n a s t a s i a
Oct 13, 2018

Greek Economic Crisis

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Edited: May 14

Currently the economic and numismatic situation in Greece is tremendously deplorable. The substantive amounts of refugees have culminated in the chaos that has ubiquitously existed after the bailout referendum. Unemployment has risen to 21%, one of the highest figures in Europe. The national debt of Greece places the country in second position worldwide. And regardless of the wage levels, approximately 60% of the gross pay is removed due to extreme income taxes. The prime minister has essentially no diplomatic attitude and has further contributed to the economic crisis that plagues the state. Despite of all the benefits of being a member of the EU, Greece decided to not accept the Troika help, which would possibly assist them in paying any of their debts, while Grexit almost happened. Tax evasion continues to exponentially proliferate, while social welfare is at its lowest. Myriads of people starve, education is limited and work positions have ceased to develop.

 

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