Kinesthetic - Greece is located at a gathering point of the eastern nations of the planet & the

Greece is also known as Hellenic Republic, the first country in Europe to advance civilization, Greece is one of the most visited country in Europe locate in southern Europe near Albania, Turkey, Bulgaria, and Rep. Macedonia.

Under the new constitution, there is a president and a prime minister. The prime minister has the most power, and is the leader of the party that has the most seats in the parliament. The president selects cabinet ministers who run government departments. The parliament, called the Vouli, has only one house with 300 members who are elected every four years. Greece became part of the European Union in 1981. The politics of Greece takes place in a parliamentary representative democratic republic, whereby the Prime Minister of Greece is the head of government, and of a multi-party system. Legislative power is vested in both the government and the Hellenic Parliament. Between the restoration of democracy in 1974 and the Greek government-debt crisis the party system was dominated by the liberal-conservative New Democracy and the social-democratic Panhellenic Socialist Movement. The country is a significant agricultural producer within the EU. Greece has the largest economy in the Balkans and is as an important regional investor. Greece was the largest foreign investor in Albania in 2013, the third in Bulgaria, in the top-three in Romania and Serbia and the most important trading partner and largest foreign investor in the former Yugoslav Republic of Macedonia. The Greek telecommunications company OTE has become a strong investor in former Yugoslavia and in other Balkan countries. The country is a

Greece has contributed to our history in battle and in mythology. They came up with all sorts of tactics and strategies to help them advance in warfare. They had iron weapons, a phalanx and so much more. People always hear stories about Sparta and Athens battling. There are tales of Persia and the Underdogs. We hear of invasions and wars. But most of all, we hear of victories, and celebration. We hear about economies being rebuilt and jobs being restored.

Greece is one of the oldest surviving nations in the world and has huge impact

Considered by many as the cradle of Western civilization, Greece has a long and rich history, during which has widespread influence on three continents. In the Encyclopedia Britannica, we can read that Greece is a country located in the Southern Europe, southern Balkan Peninsula. It is bordered by Albania, Macedonia, Turkey and Bulgaria and also

Greece is one of many countries that have had its vicissitudes that have occurred frequently throughout history. There have been multiple leaders, wars, debts, and losses that have been recorded through history. Although Greece has had its many eras, “Each era has its own related sphere of interest.” (History of Greece). The complications that originated in ancient Greece are now reoccurring in present day to an extent. Fortunately, Greece is a country that is very strong; they are not afraid to fight for what they feel is right. It also helps that Greece stays out of any worldly dilemma that does not have anything to do with them. Of course, there have been times in which Greece has been defeated or taken advantage of, but the country did

Greece has one of the biggest shipping fleets in the world. It is located in Southern Europe, is part of the European Union (EU) and a Parliamentary republic. Greece is surrounded by Bulgaria, Albania, Macedonia, Turkey, the Aegean Sea, the Ionia Sea and the Mediterranean Sea and consists of over 1,400 islands. Populated currently with 11.4 million people, who are mainly of Christian faith. Greece’s current president is Prokopis Pavlopoulos and Prime Minister is Alexis Tsipral. (Greece country profile, 2018)

Ever since the end of 2009, Greece has been involved in a financial and economic crisis that has been record breaking and shattered world records in terms of its severity and worldwide effects. The Greek government, since the beginning of the crisis, has attempted to take several governmental measures to try and “stop the bleeding,” including economy policy changes, dramatic government spending and budget cuts and the implementation of new taxes for citizens. In addition to this, the government has tried to alter the perceptions of Greek government and economy by the rest of the world in an effort to appear both more liberal and more democratic. Greece has also been working to privatize many previous

The roots of Greece’s economic problems extend deep down into the recesses of history. After the government dropped the drachma for the euro in 2001, the economy started to grow by an average of 4% annually, almost twice the European Union average. Interest rates were low, unemployment was dropping, and trade was at an all-time high. However, these promising indicators masked horrible fiscal governance, growing government debt and declining current account balances. Greece was banking on the rapid economic growth to build upwards on highly unstable foundations. In 2008, the inevitable happened – the Greek debt crisis.

Figure 2 displays the substantial financial struggle Greece faced compared to their fellow European counterparts between 1994 and 2014. In more recent years, the Greek government debt was 177% of its GDP. (Kirk, 2017)

The economic crisis in Greece showed various concerns within the market that drew my attention away. Greece suffered a great loss since the market in wall street imploded in 2008 and is still suffering. The information I gathered from Greece may compel you to turn your cheek and walk away.

Greece is a small country which is located in Europe and borders the Aegean Sea, the Mediterranean Sea, and the Ionian Sea. According to Economou (2010), the population of Greece was estimated around 11 million in 2008 and is facing a decline. The culture of Greece is unique and vibrant in its own way because its heritage reflects its national identity so well. Greek culture manifests the social, political as well as economic spheres of its society. It is important to examine specific elements such as values, beliefs, and perceptions that are enrooted in Greek society. The study sets to bring out important tenets that create awareness about the culture of the Greece.

While in the 20th century, Greece hit an economic boom in the 1950’s and was pointing towards steady improvement. The Greek government quickly managed to prove this wrong by the 80’s and failed itself yet again. Greece’s economy started falling behind in comparison to the rest of the world. This is because its economic base never moved away from agriculture. British ambassador to Greece, Michael Palairet, noted how Greece failed to “culminate in any ‘genuine take-off into industrialization.’” It almost looked as if Greece was a developing country rather than an advanced one. Problems that persisted in Greece included tax evasion, widespread corruption, congested ports that would take fifteen days to export (nearly twice as long as its neighbors), a slowed down court that would take three years longer to resolve commercial disputes than courts in France or Austria, and a lack of proper mapping of Greek territory that led to only 17% of Greece’s properties being identifiable. The government could never seem to push its country in the right direction and clearly managed its resources poorly. Essentially, all throughout history Greece has failed

The roots of Greece’s economic complications spread deep down into the recesses of history. In 2001, these deep rooted issues were forgotten and hid from the rest of the Eurozone after the government joined the Eurozone by dropping the Drachma and adopting the Euro. The initial adoption of euro by entering the Eurozone, Greece’s economy grew rapidly on average of 4% annually, a rate extremely alarming for the sure fact that it was twice the European Union average. On top their economy growing, interest rates were low, unemployment was dropping, and trade was at an all-time high. Outsiders would be led to believe that Greece entering the Eurozone was blessing, providing a needed shot in the arm to their Country’s economic wellbeing; however, these promising indicators masked horrible fiscal governance, growing government debt and declining current account balances.( EXPLAING CA ACCOUNT) Greece was banking on the rapid economic growth to build upwards on highly unstable foundations but were unable to grow as intended. In 2008, the dark day most were anticipating happened, the Greek Debt Crisis. Upon hearing word of the crisis, global financial markets went into a major panic on fears that the crisis would spread. It became a contagion that spread to other Eurozone members, with the most serious affected countries being those that were already having some economic troubles of their own Portugal, Italy, and

Greece introduced the euro as their currency in 2001. They made the euro their national currency because Greece was in the middle of a recession and needed the financial help of the bank of the European Union. However, because Greece has a very early retirement age and very generous benefits they spend more money than they take in. They also pay their government workers very well. Also, when Greece switched to the euro they made a big mistake by paying large amounts of money in order to make the currency transfer. Greece didn’t have this money to pay out in the first place.