Curriculum The Economy of Greece
The Economy of Greece
Greece's economy: an overview, joining the euro, the hidden deficit, the bailouts and the troika, austerity and its cost, the Syriza standoff, tax evasion, shipping, tourism, recovery, lessons of the crisis, and a recap.
- Greece at a Glance Greece is a southern European economy built on tourism, shipping and agriculture, best known globally for its debt crisis of 2009 to 2018. 📄 Read-aloud
- Joining the Euro Greece adopted the euro in 2001, which lowered borrowing costs sharply and encouraged a boom in spending and debt. 📄 Read-aloud
- The Hidden Deficit In 2009 a new government revealed that the budget deficit was far larger than previously reported, shocking investors. 📄 Read-aloud
- The Bailouts and the Troika The EU, ECB and IMF lent Greece hundreds of billions of euros in exchange for austerity and reforms, in three programmes between 2010 and 2015. 📄 Read-aloud
- Austerity and Its Human Cost Greece cut spending and raised taxes dramatically, and the economy shrank by about a quarter, with unemployment above 25 per cent. 📄 Read-aloud
- Syriza, Varoufakis and the 2015 Standoff In 2015 a left-wing government confronted lenders, held a referendum, closed banks and ultimately accepted a third bailout. 📄 Read-aloud
- The Economy of Greece: Checkpoint 1 Quick checkpoint - five questions on the economy of greece. 5 questions
- Tax Evasion and the Informal Economy Widespread tax evasion and a large informal sector weakened public finances, and reforms sought to improve collection. 📄 Read-aloud
- Shipping: A Global Fleet Greek owners control one of the world's largest merchant fleets, though most ships are registered abroad and pay little tax at home. 📄 Read-aloud
- Tourism: Blessing and Dependence Tourism accounts for a large share of GDP and jobs, and its seasonal nature creates both opportunity and fragility. 📄 Read-aloud
- Recovery and Exit Greece exited its bailout programmes in 2018 and returned to growth, regaining investment-grade credit ratings by 2023. 📄 Read-aloud
- What the Greek Crisis Teaches The Greek case shows the risks of currency unions without fiscal union, unsustainable borrowing and weak institutions. 📄 Read-aloud
- Greece's Economy: Recap A recap of the boom, crisis and recovery of the Greek economy. 📄 Read-aloud