Greece’s economic crisis

by | Jul 4, 2021 | Assignment

Write an article on Greece’s economic crisis Paper must be at least 1250 words. Please, no plagiarized work! 2-3). In a research paper of Cardiff Business School the researcher has concluded that the macroeconomic fundamentals like the inflation, the exchange rate arise for Greece which is more than the European average (Arghyrou and Tsoukalas, 2010, p.5). In a research paper of Capitalvia the researcher has opined that the economic situation of Greece and U.S.A. is similar as both of them are depending on the foreign investors for funding of the budget deficit. For the crisis the value of Euro would come down and the fact is that United States’ trade with EU is the highest. As a result the investor would lose confidence on U.S. economy and U.S. economy also would come down.

According to this research though the U.S. investors’ investment is low in Greek bonds, if Greece would default the investors would lose money and U.S. economy gets hampered (Capitalvia, 2010, p.11-12). According to a research paper published by Konrad Adenauer Stiftung for improving the economy of Greece the euro countries are providing bridge loan and the tight austerity program introduced in Greece. As the countries are providing loan in a lower rate it is also necessary for them to tight the monetary policy in their countries. As a result the growth would be slow in those countries. As the Euro slow down, as an effect the dollar would go down. Then U.S. also has to tighten its monetary policy and as a result the economy would get hampered (Wagner and Machnowski, 2010, p.2). In a research paper of CEPS the researchers have compared the economic crisis of Argentina in 2001 and the crisis of Greece in 2011. Argentina has defaulted as there was lack of support from the outside of the country.

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