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Greece’s Economic Crisis Presentation by Jack Michelini
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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))
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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.
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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.
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Sources http://en.wikipedia.org/wiki/Greek_government -debt_crisis Wikipedia Article http://www.timesofoman.com/News/43495/Art icle-Young-Greeks-turn-to-innovation-amid- economic-crisis The Times of Oman
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