There was a wide margin of money supply circulated in the economy versus the available increases in money supply that remained in banks. Another major discovery was a wide gap between importations and exports. Imports exceeded exports by the billions of dollars each year. Yet the ECB, EU, and IMF did not recommend drastic reduction in the importations. Instead, these financial organizations recommended retrenchments of government employees. The budget defitis could have been drastically reduced by simply cutting down substantial imports of goods that people in Greece can readily produce. But the financial system needs reforms in the sense that entrepreneurs with feasible business projects should be given priority over Investment Banking activities of banks. This dissertation recommends further impartial investigation into the banking operations in terms of the loans or funding of businesses in order to eliminate the public’s doubt over the banking system of withholding substantial funds from the needed productivity of the country. Retrenchment of employees should be the last option in finding ways to fix the budget deficit annually. At this point in time, excessive importations valued at 200% of all exports, would be the first priority for the cutting of dollar outflows. And the top positive step should be development of probably profitable businesses such as those beind supplied by other countries into Greece. It is not conclusive that the root causes of the Greece financial crisis is overspending of government, overstaffing, and excessive debt servicing. This is because of the lack of transparency of banks in terms of disclosing where the substantial funds were loaned and how much they earned or lost. Table of Contents Introduction A. Overview of the Greece Financial Crisis B. Problem Statement C. Hypothesis D. Research Limitations Aims, Specific Objectives, & Purposes Significance of the Study Literature Review Methodology Findings Discussion & Analysis of Findings Conclusions Recommendations Appendix References Introduction Overview Greece financial crisis as of the present had just experienced a substantial debt default in March 2012 and a redemption from that default through a debt sale via bidding in August 2012. Mead and Paris (2012) reported the successful auction of bonds representing debts to the ECB wherein $ 5 billion was raised “to redeem € 3.1 in bonds held by th ECB” (equivalent to less than $ 4 billion). The Bank of Cyprus had been buying Greek bonds for years with undisclosed or mysterious reasons, according to Kambas et. al. (2013). That redemption from debt default is far from solving the many aspects of financial crisis of Greece, which has lasted for over a decade up to the present. This dissertation looks into the many difficult economic situations of Greece – annual budget deficits, heavy indebtedness, very high unemployment rates, low industrial productivity, low consumer confidence, and more – making the country very popular as a poor performer among members of the European Union. Greece Problem Defined What brought about the financial crisis of Greece over the years? How did the nation get to be heavily indebted with nearly half a trillion dollars worth of bonds payable to some countries, mainly France,
Abstract Accountability for all the borrowed funds must be closely monitored and audited with directives to favour more loans to private, local entrepreneurs who have high-earning business proposals and whose ideas are found to be well founded. Although banks do no harm by tying up much funds with their Investment Banking activities, independent auditors accountable to the government should make all the business activities of banks transparent and open to public audit…
This research is being carried out to evaluate and present risk factors that militate against the people of Southern African region with regard to the spread of HIV/AID. This research is also being carried out to analyze range and type of preventative measures by stakeholders against the prevalence rate of HIV/AIDS in Southern African region.
egration of the previous variables in the analysis of basic trends in the UK retail sector; development of solutions for the problems and challenges cited so that a better model of state policy, protective measures and regulation could be achieved. The study employed descriptive and critical account of the data gathered, using secondary sources extracted from extant body of literature on the subject.
The capital structure of a company represents the mix of the different sources of capital that the company makes use of for financing the activities of the company targeted towards achievement of its goals and objectives. It is concerned about the relative proportions of debt and equity in the financing of the activities.
As a result a large number of commentators have sought to point the finger at various activities undertaken in the global financial markets. Derivatives are one. Warren Buffett notably called derivatives instruments “weapons of mass financial destruction”.
In specific, a huge number of financial markets are still coping with the effects of financial crisis. Particularly, governments have played a significant role in supporting its financial markets to survive in midst of such financial crisis. In the British economy, retail sector enjoys noteworthy importance due to its contribution in GDP of the country.
However, while almost every nation had experienced the impact of the crisis, the degree or gravity differed. The difference may, at first glance, be attributed to the soundness of the respective economies. A closer look would provide another perspective; it is not simply the gross domestic product or gross national product that matters but the nature of the government policies on the economy that has a profound influence.
The real estate crisis that started in the US turned in a global economic recession around all corners of the globe leading to a plunge towards global financial meltdown. The strong and emerging economies of the world were in turmoil of liquidity crisis. There were some economies which were, however, resilient to the shock of the global economic crisis.
The Devolution of Greek Economy: The Report on the Effects on the Local Population and Rural Areas’ Architecture Industry: The Example of Chios Island. The human nature is bound to see the benefit and interest and change in order to fulfill the immediate needs and wants.
Every corporation comprises of two different stakeholders – the shareholders and the managers – that normally face off with each other. The shareholders are interested in maximizing their wealth and hence tend to take higher risks in anticipation of higher gains whereas the managers tend to take lower risks to ensure lower managerial overheads.
According to Chopra et al., keys to restructuring in South Korea include “promoting greater competition…improving corporate governance, which includes education…and improving capital structure and profitability.” This will be the focus of this inquiry into South Korea’s financial crisis of 1997 and its recovery, which is the stated purpose herein.
34 pages (8500 words)Dissertation
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