The Greek crisis.

The Greek crisis.

                                     

A number of factors have contributed to the fiscal crisis that Greece has been experiencing since October 2009. Some of these factors are internal; have to do with the structure of the Greek economy itself, the prolonged macroeconomic imbalances that the Greek economy faces and the credibility problem of macroeconomic policy. Other factors are from the outside and have to do with the implications of the recent financial turmoil and the timing of the response of Europe to the Greek fiscal crisis.

However the main problem was the structure of the Greek economy, it concentrates on lending money to private business without noticing that the public debt was increasing in an alarming way. These in a few months with the help of other factors originate the Greek crisis.

The best solution that could be found was that the country has to improve the government managing. How? It should be done in few steps:

1.      Be cautious about who is managing the government.

2.      Be strict on the educational requirements that every employee should have.

3.      Teach how the government works to all the people of the country, so they can vote in a smart way.

4.      And the last but not the least, is that the people attempting to a really high position in the government should love his or her country.

As a conclusion we can say that a government well managed is a country with good economic politics, and that this implemented in the Greek government could have saved them from the crisis and if Greece implement a good government manage the country would recover from the crisis.