This year Europen economy as been on the fragile part.Thanks to greece debt which as treaten to bring down major economies in Europe.Greece debt is estimated at $680 billion and the country as taken alot of measure to hoping to reduce the figures.
THE MEASURES TAKEN BY GREECE SO FAR
Greece government as realy done alot in order to solve the crisis this measures are not good enough to cool the economies over the world
1.REDUCE SALARIES AND GOVERNMENT EXPENDITURE..This measure was taken by greece though it citizen did not accepted leading to srike and demonstration it did little
2.REDUCE THE GOVERNMENT BUDGET. They come up with a plan to reduce the size of the budget in order to reduce its expenditure the plan was to go for 10 years.
3.PLAN TO PRIVATIZE GOVERNMENT ASSETS..Greece want to sale some of its assets some of this assets include its famous ports and banks.
Most of the european economical power have accepted to contribute to bail out greece.This was agreed after it was clear greece was not in position to solve its problem.Germany specifically accepted to contribute a big portion.
This crisis as caused alot of anxity atn stock market all over the world and we hope solution will be found soon
