Eurozona

MACROECONOMIC

MACROECONOMIC


Greece and Portugal Economic Crisis
The test document summarize the major causes and events of the Crisis in the EuroZone

Greece and Portugal Economic Crisis
The test document summarize the major causes and events of the Crisis in the EuroZone

Contenido
Introduction 2
Justification 2
Research Question 3
Objective 3
Outline 4
GeneralInformation about Greece and Portugal 4
GREECE 4
Geography 6
Climate 6
Politics 6
Cities 8
PORTUGAL 8
Geography 9
Climate 9
Politics 9
Administrative divisions 9
Education 10
The educational system is divided into preschool, basic education, secondary education and higher education. 10
Tourism 10
Economy 10
Theory 12
Greece 12
Portugal 14
Results and Analysis16
Total revenue of general governments 18
Experts Possible Solutions 19
Conclusion 19
Bibliography 20
-FIN DEL ENSAYO- 22

Introduction

Justification

Greek economic crisis took place after the star of the economic crisis in the Unite States in August 2007. Following this crisis lot of Greece issued debt to finance the deficit.
And in the case of Portugal, they were involvedin very high public expenditure that could not cope and gradually realize the huge economic crisis in which the country was.

One of the reasons of the trial is to show that the economy of a country is not an individual that depends on factor external to them that what affect to one country can have repercussions in our country.

Research Question

What were the main characteristics ofGreece and Portugal Crisis?

Objective

1. Knowing the main features of Greece and Portugal
2. Know the main causes of the economic crisis of Greece and Portugal
3. Analyze the major events during the economic crisis in both countries
4. Analyze the main experts solution to the economic crisis that both countries are living.

Outline
General Information about Greece andPortugal

GREECE

Greece has land borders with Albania, the Republic of Macedonia and Bulgaria to the north, and Turkey to the east. The Aegean Sea lies to the east of mainland Greece, the Ionian Sea to the west and the Mediterranean Sea to the south.
Greece is a member of the European Union (EU) on the southern tip of the Balkan Peninsula in the Mediterranean Sea coast.
Greek Economic theagriculture represents a very important role, the industries created during the post-World War I were mostly destroyed during the World War II along with the Civil War. Since then the development of manufacturing sector on the Greek economy has been hampered by lack of fuel and the difficulties with the use of hydropower.
Two major sources of income for Grace are the shipbuilding and tourism, oilextraction in the fields of northern Aegean played a major role in the economy of Greece.
Greece in 1981 became a member of the European Economic Community that we know today as the European Union (EU), the national budget to early 1990´s was estimated about 37.6 thousand million dollars in the revenue and a 55.1 thousand million dollars expenses

Industry
Its industry mainly food and tobaccoproducts, textiles, chemicals such as Steel, there is also ma during and the petroleum refining, while agriculture is based on the production of wheat, corn, barley, beets sugar, olives, tomatoes, wine, snuff, potatoes, meat and dairy products.
Primary Sector
* Agriculture
* Animal Husbandry
* Forestry
* Fishing
A quarter of the labor force work in the agriculture Greece 15% ogGross Domestic Product (GDP) but their productivity is lower than would be expected form this sector of the Economy. Exports are very small, the yield is very low because of drought and soil erosion in this place.
Secondary Sector
* Mining
* Industry
Approximately one fifth of the work force is employed on this sector, which produces 18% of annual Gross Domestic Products. Its main...