THE GREEK CRISIS

A WALK THROUGH

Navigated byGroup B5

OVERVIEW

• Introduction ( The Eurozone)

• Greece & her Problem

• And What Caused it ?

• How does it matter to us and the rest of the World ?

• Conclusion : Should Greece Stay or Leave ?

1THE EURO-Z0NE1999 Euro-Adoption as virtual currency

Lithuania - the 19th country to join the Euro Zone in 2015

2002 Bank notes & Coins go into Circulation

2010 The Crisis begins Greece Affected First

Greece Adopts Euro 2001

2

050

100150200250300350400

247.67273.38

318.69354.26

329.86299.32 288.79

249.53 242.23 237.59

GDP of Greece 2006-20152006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Year 2006 - 2015

GDP

in P

erce

ntag

es

GREECE & HER PROBLEM

Debt is now 177% of the GDP

Deterioration in Financial Situation

Structural Imbalances

Possibility of IMF loan defaults

3

56 Billion Germany

42 Billion France

32 Billion IMF

Who owns the most debt ?

….and what caused it ?

327 BILLION

Total Greek Debt

Falsified Figures to Become an European Economic

& Monetary Union (EMU) member

High Government Spending

Adoption of Euro Currency

Low Tax Returns

Generous Pension Schemes

4HOW DOES IT MATTER TO US AND THE REST OF THE WORLD ?

GrExit could be disastrous for Greece

Whatever the out come, it will have a knock out effect in other countries

The US is worried

If Greece goes other countries will follow

The global economy wont like it

India may not be spared

THE CONCLUSION

5

Bring back the Drachmas ?Agree to the Austerity plan ?

Leave Eurozone, But stay in the European Union ?

THANK YOU

Designed & Presented byAkhil Antony 15003 Ashika Jones 15022

Kavitha 15054Bobby 15027

Viola 15120

REFERENCES

www.bbc.comwww.bloombergview.comwww.quora.comwww.tradingeconomics.com/greecewww.greekcrisis.co.inwww.forbes.com