Greece’s Economic Crisis Presentation by Jack Michelini.

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Greece’s Economic Crisis Presentation by Jack Michelini

What’s Happening! The Greek Economy is facing a debt crisis. With the worst unemployment in the living memory, the citizens of Greece must rebound to save their homeland. Currently, 1:2 citizens under 25 is unemployed. So if you were 24, 50% of the time you would not have a job. Thousands, if not more, business are defunct. Some causes include the government spending too much and failure to meet their thought GDP (Gross Domestic Product (annual money made))

My Opinion I think that this is bad for the economy because it does not enable young Greeks to adjust to their world and fatally impacts the Euro.

Others Opinion Some people may think this is good because it helps lead to a major reform and would help the Greeks lead their country down a different path as the previous way did not fit the needs for a small profit, instead leaving them with crippling debts.

Sources -debt_crisis Wikipedia Article icle-Young-Greeks-turn-to-innovation-amid- economic-crisis The Times of Oman