greece bailout impact on world economies animation based
TRANSCRIPT
“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... !!