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Monday, May 16, 2016

Lessons from the Greek economic crisis

The Greek economic crisis contained many lessons, some of which are illustrated in the following infographic. When it comes to the EU, Greece wasn't necessarily a black sheep as much as it was a lost sheep or the one that got away. In other words, the Greek economic system was not in line with much of the rest of the EU in terms of effective tax collection, national debt levels and gross domestic product. Perhaps some trimming and pruning of economic best practices gone wild might be in order. Indeed, that is what the European Troika intended to encourage with its financing requirements of austerity, tax receipt goals and institutional oversight.
Lessons from the Greek Economic Crisis
Embedded from EazyCash