Greece GDP Falls by 25% in Last Five Years
May 05, 2015
“In Greece the GDP fell by 25% in five years, unemployment reached 28% while public debt as percent of GDP rose to 175% reflecting mainly the collapse of output,” according to Dr. Yannos Papantoniou in a lecture delivered at the Lahore School of Economics May 5, 2015.
Dr. Papantiniou, Former Economy and Finance Minister of Greece (1994-2001) and President of the Centre for Progressive Policy Research, in his lecture “Economic Crisis in Greece and the Future of the Euro” was of the view that if talks between the lenders (ECB, IMF, and the EU) and Greece stall, Greece’s economy would sink further into recession, and social tensions would rise as living standards would register a further sharp decline.
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Labels: Greece, International Economy, Lahore School
posted by S A J Shirazi @ 5/05/2015 02:48:00 PM,
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