emg home

Greece between crash and recovery

Pandora ’s Box is slightly open

10. March 2010. | 09:59

Source: EMportal

Author: Nikos Arvanites

Greece is in an economic “protectorate” of the European Union, which has announced its willingness to help the problematic member-country with 25 billion Euros, exposed to conditioning that greatly “suspend” part of the state sovereignty, and influence decisions of the government and behavior of the entire society.

External pressures, together with the internal unstable scene full of social and political revolt, could result in quakes in the state, as well as a social and economic collapse of the country, but even serious consequences in the entire Euro-zone.

Greece is in an economic “protectorate” of the European Union, which has announced its willingness to help the problematic member-country with 25 billion Euros, exposed to conditioning that greatly “suspend” part of the state sovereignty, and influence decisions of the government and behavior of the entire society.

The EU citizens’ opinion about Greece range from support to the country’s overcoming the crisis to disapproval and proposals for its exclusion from the Euro-zone.

For instance, a recent research has shown that even 53 percent of Germans is ready to expel Greece from the Euro-zone since otherwise they will have to “pay the cost”.

Enter text:

06. September - 12. September 2010.