Alexis Tsipras - The Odysseus to fulfill the herculean task?
Issue Concept Map
Actor-Network Diagram
Debt Relief & Liqudity Solutions
Greece Economy
What drives Greece economy?
Industry drivers
Shipping
Tourism
Food Processing
What do Greeks think about the economy
Needs a kick start: Economy is dead & they can't see the light at the end of the tunnel
68% Oppose a debt cut
61% Support Grecit in the event of default
Who are Greece indebted to?
Eurozone (~60%)
Germany (€56bn)
France (€42bn)
IMF (~10%
ECB (~6%)
How did Greece end up indebted
Poor taxation system
Public Debt
Corruption
Greek Politics
How has Austerity measures impacted the Greeks?
Pension cuts
Rise in medical cost
Suffocating tax rate
Rocketing unemployment rates
Marriage discords
Talent drain
Rising sucide rates
Loss of dignity
How do Greece politics work?
Greece Population/Culture
Bribery culture (Petty corruption averages to €554m in 2012)
Ageing population with even more reliance on pension system
Greece/EU Relationship
Share common currency - €
Inability to invoke monetary policy to save its crippling economy
Migrant Crisis
Greece is the main entry point of migrants to Europe
More than 3,500 people lost their lives in the Mediterannean in 2014
280,000 migrants entered EU in 2014
History of Bailout
2010 PIGS Bailout
2012 Greece 2nd Bailout
Default & Grexit
Alexis Tsipras
Syriza
Greek Public
Accept Austerity Measures
Yanis Varoufakis
IMF
ECB
European Commission
Angela Merkel
Wolfgang Schäuble
Manuel Valls
Betty Batziana
Porous borders allowing influx of migrants
Hellenic Government
Parliament makes national & international policy
Members are elected by secret ballot to 4-year terms
Proportional representative electoral system adopted: 3% of votes required to qualify for parliamentary seats
Laws are passed quickly
Anti-austerity law was enacted two months after Syriza came into power