Volume : IV, Issue : VII, July - 2015

The Greece Debt Crisis: Where the World Economies are Heading Up to

Mr. Shivam Shukla

Abstract :

“A glorious past can‘t protect Greece‘s future” is a statement which has gained prominence and popularity for quite some time now. The country of Alexander the Great is in a state of complete turmoil and turbulence, there is utter pandemonium in the whole of Greece right now and more precisely the situation started worsening way back from 2009 but it is now that economic tremors and aftershocks have reached an unimaginable and unprecedented level. Needless to say, it is not going well and Greece is heading back in recession and crisis, and the government is facing default and of being kicked out of the euro zone. Three years earlier Greece had been accepted into the euro zone. But it was not economically sensible, and they now realise it was a terrible mistake. In this context the present study aims at discovering why such a situation actually occur in Greece, how the crisis like situation fairing for the Economies of the world and what could be the possible impact of the debt crisis on India.

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Article: Download PDF    DOI : https://www.doi.org/10.36106/gjra  

Cite This Article:

Mr. Shivam Shukla The Greece Debt Crisis: Where the World Economies are Heading Up to Global Journal For Research Analysis, Vol: 4, Issue: 7 July 2015

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