Greece bailout impact on world economies animation based
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Greece Bailout and crisis study.
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Greece bailout impact on world economies animation based
- 1. “Greece Bailout” Impact on International Business PRESENTATION BY SHIVRAJ PAWAR
- 2. Greece
- 3. GREECE • Official Name “Hellenic Republic” • Capital : Athens • Currency : Euro(1999) – Drachma ( Till 1999s) • Sectors Contributing to Economy - Service (~81%), - Industry (~16%), - Agricultural (~3%) • Trade Organizations : EU, WTO, OECD, BSEC
- 4. Economy of Greece - Statistics GDP $238 Billons (2014) GDP Rank 45th GDP Growth ▲1.6% ( Q2 – 2015)∆ Per Capita $ 21,653.00 (2014) Inflation -2.2% ( June 2015) Population ~11.1 Million (2014) Population Below Poverty 36% (2014) Labour force Distribution ( 48,05,083) Service(72.4%) Industry(14.7%) Agri (12.9%) Unemployment ▼25.0% (May 2015) Further details... S T A T I S T I C S
- 5. Reasons of CRISIS Domestic Reasons : - Huge Borrowing before and after Euro-zone Entry - High government spending & Weak Government Revenues, - High Structural rigidities, Low public debt recovery (Tax evasion and corruption) International Reasons : - Declining International Competitiveness - Increased Access to Capital at Low Interest Rates - Issues with EU Rules Enforcement
- 6. How it all Started few years back !!
- 8. How Greece got HELP (!!) Continue..
- 9. How Greece got HELP (!!)
- 10. How it all began....!!
- 11. How it all began !!
- 13. BAILOUT...... Once AGAIN ???
- 14. Countries in EU
- 15. Condition of BANKS & Funding Institutions !!!
- 16. What if ...
- 17. Results of Economies Entering in the pool !!
- 18. Experts Opinion
- 19. THANK YOU... !!
Editor's Notes
- BSEC : Black Sea Economic Corporation
- *CCC / CC / C: Very highly speculative credit quality. In danger of defaulting on financial obligations. There is little difference between these three categories, although CC and C ratings are normally applied to obligations that are seen as highly likely to default, or subordinated to obligations rated in the CCC to B range. Obligations in respect of which default has not technically taken place but is considered inevitable may be rated in the C category. **Caa3: Rated as poor quality and very high credit risk. ***CCC : currently vulnerable and dependent on favorable economic conditions to meet its commitments