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Greece Country Profile
Transcript of Greece Country Profile
-Unemployment has gone from a record low of 7.3% in May 2008 to an all time high 27.6% in March of 2013
-Over half of all young Greeks are unemployed, this is three times more than in Britain.
Agricultural products:Wheat, corn, barley, sugar beets, olives, tomatoes, wine, tobacco, potatoes; beef, dairy products
Industries: Tourism, food and tobacco processing, textiles, chemicals, metal products; mining, petroleum
Exports: Food and beverages, manufactured goods, petroleum products, chemicals, textiles
Exporting partners: Italy, Germany, China, Cyprus, Switzerland etc.
Imports: Machinery, transport equipment, fuels, chemicals
Importing partners: Germany, Russia, Italy, France, Iran, Czech Republic
What is Greece best known for today?
-A country in turmoil
-Major financial instability
-Suffering from bankruptcy
-Large sums of debt
Inflation rate: -1.07%
HDI: 0.861 Ranking (2011): 29
Greece's general background
-New Democracy is the conservative political party currently in power in Greece.
-Antonis Samaras is Prime Minister.
-It generally supports greater economic liberalization, including privatization and lower taxes, and is a strong supporter of European integration (European Union).
-Due to the financial crisis of 2010, the Government has been forced to take austerity measures; spending has been slashed, wages have been cut and taxes have been raised.
-Many people feel that Greek politicians have ruined their lives therefore there is a lot of public hostility towards the Greek Parliament.
-This has led to political unrest.
What has been done to help
-Legacy of high public spending
-Widespread tax evasion, described by Greek politicians as a "national sport"
-Combined with the credit crunch and the resulting recession (2008) to leave the country with a crippling debt burden/deficit.
-Industries have declined as a result and many people have been made unemployed by the government.
-Even today households are in financial distress.
-Desperation has pushed suicide rates to increase dramatically.
-In 2013 the country's public debt stood at 170.6% of the GDP.
-In May 2010, the European Union and IMF provided 110b euros ($140bn: £88bn) of bailout loans to Greece to help the government pay its creditors i.e. its banks.
-However, it soon became apparent that this would not be enough, so a second, 130bn-euro bailout was agreed early 2012.
-This has been despite their prospects of earning a good living; for many, their qualifications mean nothing.
-Many argue that the financial crisis has and will continue to affect young people the most due to a lack of opportunities.
-The younger generation feel that it's unfair that they have to suffer the consequences because of the mistakes made by their government and the generations before them.
-This has amounted to anger, distress and frustration.
Religion in Greece
-Households once extended now nuclear
-Younger generations take care of their elders
-Families play a large role in the selection of a
spouse, but arranged marriages are decreasing.
Airports, Heliports, Railways,Roadways, Ports
Yaourti me meli
(yogurt and honey)
-The first place where democracy was
-Created the Olympic games in 700 BC
-Home of the spartan soldiers
Asking bride's father for permission to wed
Dos and Don'ts
Do dress properly
Offer to pay the bill and say no when they offer
Do take something and just say thank you
NEVER thrust the palm of your hand in someone's face
Tracked back to Neolithic period and Early Bronze age from 6000 BC- 2000 BC.
Then there was the Minoan art period and Mycenaean age from 2000 BC- 600 BC.
In the Minoan Art and Mycenaean period there was the Dark ages from 1100 BC- 750 BC
hard to control
risk of unethical behaviors
Businesses in big cities
Plenty of room to grow
easy to enter
After the Dark ages came The archaic Period from 750 BC- 500 BC.
Then There was the Classical period and the Hellenistic Period from 500 BC- 146 BC.
-Invented in 700 BC
- Capital is Athens
- Surrounding countries and seas
- National sport
- Natural Resources