TUESDAY 30TH JULY WHY IS GREECE IN AN ECONOMIC CRISIS? DISCUSS THE REASONS. The reasons which guided Greece in an economic crisis are the following. Erroneous financial politics. A lot of economic scandals of the Greek politicians. Very bad handling of the E.E.C. (European Economic Community) funds. Firstly, the high salaries of the public servants and unreserved expenses of the public services, they have guided our country in this situation. Another viewpoint is a lot of politicians were involved in terrible economic scasndals. For instance, Vatopedio. In which a lot of the staff in New Democracy was involved. They sold big areas from Vatopedio. Vatopedio is the Mount Athos 9Holy Mount) of Halkidiki. Secondly, the minister of National defense abused a lot of money of the Hellenic public and he has made various offshore companies all over the world. Finally the Former Mayor of Thessaloniki has abused colossal sum of money from municipality of Thessaloniki, as well. A further viewpoint is the European Community has lent us a lot of money since 1996.We have not realized that there was development so far. A lot of businessmen got subsidized from the E.E.C. but instead of investing the money, they turned it into villas and expensive cars/yachts .E.U. statistics indicate that .A number of people live under poverty line. To sum up, we must get out from this vicious circle very shortly. We ought to do our best. We must work harder to improve situation.
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