POLITICAL ECONOMY OF EUROPEAN UNION

MAMMAD RASHIDLI

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CONTENT
I. GREECE - COUNTRY PROFILE

II. ECONOMY OF GREECE

III. ECONOMIC CRISIS

IV. PROBLEMS AND SOLUTIONS

V. CONCLUSION
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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

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ECONOMY OF GREECE
 Developed country
 Standards of living
 15th largest economy
 Main industries
 Imports and Exports
 EMU

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 Main trade partners

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 COUNTRY VALUE
Germany €7,238.2
Italy €6,918.5
Russia €4,454.0
China €3,347.1
France €3,098.0

COUNTRY VALUE
Denmark €2,001.9
Italy €1,821.3
France €1,237.0
Netherlands €1,103.0
Russia €885.4

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ECONOMIC CRISIS
 Reason

 Cause

 Evolution

 Rescue packs

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PROBLEMS
 People are against tax raise

 Cut of electricity

 Political uncertainty

 Protests and strikes

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POSSIBLE SOLUTIONS
 Default officially

 Drop the euro

 Raise taxes

 Cut spending

 Liquidate
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CONCLUSION
 Crisis

 Problems

 Solutions

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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

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 MAMMAD RASHIDLI
mrashidli@ibs-b.hu

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