Purchase Solution

Debt Crisis of Greece

Not what you're looking for?

Ask Custom Question

Debt crisis of Greece: what is it about?

What are the positive and negative impacts of the subject to finance development?

Purchase this Solution
Solution Summary

This answer provides you an excellent discussion on debt crisis of Greece.

Solution Preview

Debt crisis of Greece

What is it about?

The debt crisis of Greece is related first to the huge budget deficit and government debt related to GDP. According to 2009 figures the budget deficit was 15.4% of GDP and the debt levels reached 127% of the GDP. The effect of these figures was that the borrowing cost of Greece increased. The debt rating for Greece dropped to BB+ by Standard & Poor and there are serious concerns that the Greece government might default in debt repayment. It is feared that lenders would lose 30% to 50% of their capital. The problem that ...

Solution provided by:
Hatim Baxamusa, MBA
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
Recent Feedback
  • "I read your comments, and thank you for this feedback. Do I need to find other studies that applied this methodology Ive used? That's where I'm stuck at."
  • "Thank you kindly sir. "
  • "Excellent and well explained. --Thank you kindly. "
  • "Awesome notes. I appreciate you."
  • "I have the follow-up project and I will assign that to you very soon. "
Purchase this Solution
Free BrainMass Quizzes
Motivation

This tests some key elements of major motivation theories.

Marketing Management Philosophies Quiz

A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.

Business Ethics Awareness Strategy

This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.

Operations Management

This quiz tests a student's knowledge about Operations Management

Employee Orientation

Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.

View More Free Quizzes
Related BrainMass Solutions

  • Global Financial Crisis

    The causes of Greece crisis in 2012 are that the GDP growth rate was low, the government ran up a large deficit, and the government debt level was very high.

  • EU Crisis and the U.S.A

    Is a crisis that may undermine the Euro good for the US economy and the status of the dollar? Problem: The Euro has had many problems during the last few years with the sovereign debt crisis in Greece, Italy, Spain, Portugal, and Ireland.

  • Regional Economic Integration (REI)

    The Greek government-debt crisis started in 2009 and the cause of crisis can be a combination of structural weaknesses of the Greek economy coupled with the incomplete economic, tax and banking unification of the European Monetary Union.

  • European Sovereign Debt Crisis

    Causes of European Sovereign-Debt Crisis There are several causes of European Sovereign-Debt Crisis.

  • The Cause and Effect of the European Sovereign Debt Crisis

    European Sovereign Debt Crisis Definition of the European Sovereign debt crisis: The European sovereign debt crisis started in Iceland with the collapse of its banking system and later spread to Portugal, Ireland and Greece.

  • American Recovery and Reinvestment Act

    Is America at risk of a debt crisis ala Greece? Why or why not? Will the "financial crisis" narrowly defined end soon? What about the broader forces at work?

  • European Union Financial Crisis

    In two of them, Greece and Italy, the public debt figure reached 115 percent(Guillen,2012). Was this a case of government policies gone amok? It wasn't .

  • European Union Economy

    This is substantial debt. The Italian economy is moving towards a default and crisis. Also, the credit ratings of European countries are being downgraded very frequently. Financially, Hungary has collapsed, and German debt has few takers.

  • world financial crisis

    The debt crisis occurred as a result of rising government debt levels around the world with the downgrading of government debt in some European states. The observers were investors, Euro countries, and countries around the world.

View More Related Solutions