Recently, countries in the eurozone have been going through difficult times - some of them, such as Greece, Portugal, Spain and Italy, are experiencing a financial crisis and are forced to seek help from other countries of the union. The first to hit this crisis was Greece, whose problems started back in 2010. The crisis in the country is so deep that, according to many economic analysts, Greece could leave the Eurozone in 2013.
The reason that this country is in a debt hole and can get out of it only by carrying out tough reforms unpopular with the population is the heterogeneity of the euro zone. It initially included countries whose economic potential and structure were completely different. Partners, whose economic development was obviously weaker, began to enjoy the same social privileges as those on which the economic power of the European Union, Germany, France, rested.
Greece, having entered into this union, allowed itself to live in a big way, climbing into debt. According to the obligations, money was no longer invested in its agriculture, which was previously the basis of the economy - Greece should have developed according to its obligations, mainly due to tourism. The Greeks did not make much success in this direction, but continued to enjoy the trust of creditors until a certain time. The crisis of 2010 exposed the existing contradictions between exorbitant social spending and the real economic contribution of the country.
Today, a new government is working in Greece, which has begun to carry out unpopular economic reforms. The country has introduced a tough economy regime: the average salary from 1000 euros has decreased to 600, budget spending on social needs, pensions, benefits, education, and cultural development are significantly limited.
As a result of these measures, mass unrest and strikes began in the country, right up to a clash with the police. This, in turn, did not add to the popularity and interest in Greece on the part of tourists, but added financial problems even more.
Before the threat of default, the Greeks should understand that a thoughtless waste of money leads to the most devastating consequences for the country's economy. Allowing yourself to spend money on credit, abandoning our own production of goods and keeping two unemployed for one worker - such a life has already remained in the past and will not return it with any strikes.
Experts from major international banks are already 90% likely to predict Greece’s exit from the single European currency zone in 2013. And, although this measure is likely to undermine confidence in the euro and may even become a signal for separation, this measure seems economically feasible. The promised reforms in Greece are carried out at a slow pace, and a decrease in the level of debt obligations occurs mainly due to the cancellation of these debts.
