In: Economics
The truth is that one way or another; things hasn't changed nor is it supposed to change. The recession is on the rise and there is no clear hope. Everybody had been affected by austerity measures. Especially the poorest, as well as those people live literally at their limits in society. There is no way things can hold themselves on the same schedule. It is because there's nothing to offer anymore. Overtaxation has brought thousands of businesses to a close; has caused sky-rocketing unemployment rates. Even, after a downturn, economic signals occur.
However, in the next 2-3 years, I think something major will happen; after all public corporations have been sold out. There are also no other choices for the domestic income. There's no way to cover the country's immense debt; even though the economy finds a balance. This indicates, I believe, that it will finally agree on a debt cut and probably an exit from the Eurozone. In order to make economic management more elastic.
Sustainable growth for the future is important for Greek society and economy. Their belief that monetary sovereignty is a good option did not realize that the government that aims to rescue them may not be of the same kind as the government that has brought the nation to the brink. In addition, Greeks have also ignored measures to improve tax collection, as well as strengthened infrastructure and market environment. There is also another significant thing that makes the whole crisis situation even more depressing, and this is the fact that the Greek people are still happy to be part of Europe, while Europe needs them to be part of Europe.
With many projects and initiatives to be carried out, the journey towards peace is very long, and also challenging. The latest figures indicate there has been some improvement. While these are not some major improvements, they should be commended and acknowledged. The rate of inflation is also projected to bring about a major drop that will further boost the socioeconomic situation. Experts also agree that the government's debt to GDP will also diminish over the coming years. Hopefully, the debt burden on the entire country's back will not continue to increase again, which will in many ways modify both the present and future statistics.
With Europe's emphasis on other policies and issues, such as terrorist threats, refugees and the effects of Brexit, Greece is left alone to deal with the problems it can not address on its own. These analyzes are therefore the most promising outcomes for the future era, unless they provide the country with some better options on its road to stability and recovery.