학술논문

GREECE IN DEBT, EUROZONE IN CRISIS.
Document Type
Article
Source
Nation; 7/18/2011, Vol. 293 Issue 3/4, p11-15, 4p, 1 Color Photograph
Subject
Papandreou, Giorgos A., 1952-
Merkel, Angela, 1954-
International Monetary Fund
European Commission
European Central Bank
Economic conditions in Greece, 1978-
Euro
Public debts
Bankruptcy
Immigration policy
Greece economic policy, 1974-
Greece
Language
ISSN
00278378
Abstract
The article discusses the eurozone, the monetary union in Europe made up of countries who use the Euro as currency, and examines how the debt crisis in Greece is having an impact on its stability. It presents a summary of the economic conditions of Greece in 2011, including its increasing unemployment rate, that have led to social protests by Greek citizens who believe that the government led by Prime Minister George Papandreou is relying to heavily on the economic policies of the International Monetary Fund, the European Commission, and the European Central Bank. The migration patterns of citizens moving through Greece, statistics regarding the possibility of Greece going bankrupt, and comments from German Chancellor Angela Merkel are also discussed.