Politics and Economy of Politics and Economy of GreeceGreece

• General information about Greece

• Parliamentary elections

• Debt crisis

• Tourism of Greece

• Zakynthos

By Anita Illyés

General information

• Official name: Hellenic Republic

• Form of government: parliamentary republic (since 1975)

• President : Karolos Papoulias

• Prime Minister: Antonis Samaras

• Member of the European Union since 1981 and joined the Eurozone in 2001

General information• Greece has an advanced economy where the service sector takes

up more than 2/3 of the GDP• GDP composition by sector: agriculture 3,8%,industry 16%, services

80,2% (in 2012)• Public debt: 161,3% of GDP• Unemployment rate: 27,2 % in January 2013(the highest in the EU)• 59,1% of the under-25 age group looking for a job

Parliamentary elections• Since the restoration of democracy

(1975), the Greek two-party

system has been dominated by the

New Democracy (ND) and the PASOK.

• Austerity measures or not

• Election results of June 2012:

coalition of ND (29%),PASOK

(12%),Democratic Left(6%)

(opposition party SYRIZA (26%) )

• Consequences:popularity of radical

parties,reform of health-care and

pension system,increasing

unemployment PASOK (social-democratic)Panhellenic Socialist Movement

New Democracy (liberal-conservative)

Debt crisis• Reasons: financial collapse of American banks and companies in

2008 and Greece had falsified their statistics about their

economy for years

• The collapse of Greece would shake the economies of the

southern European countries and would endanger the currently

instable Eurozone.• In May 2010 the other Eurozone countries, and the IMF, agreed

to a rescue package which involved giving Greece an immediate

€45 billion in loans, with more funds to follow, totaling €110

billion. • Despite austerity measures it does not seems certain that

Grecce is able to solve their debt problems.

Tourism of Greece

• Based on the islands of the Mediterranean coasts, the ancient culture, and recently on mountains

• ~ 12 million tourists/year• Promotion of winter tourism• The most popular

places:Athens,Corfu,Crete,Zakynthos,Santorini,Rhodes

Tourism of Greece• Athens: conference

and sport tourism,cultural heritage

• Peloponnese: Corinth canal,Myceane,Sparta

• Olympia• Thessaloniki

Tourism of GreeceThe most popular Greek islands:• Crete: Samaria gorge,Knossos

• Aegean Islands:Santorini,Rhodes• Ionian Islands: Corfu,Kefallonia,Ithaki,Zakynthos

Zakynthos•It is the third largest of the Ionian Islands.•Zakynthos is a separate regional unit of the Ionian Islands region, and it is only a municipality.•The most famous landmark of the island is the Navagio beach.•Numerous "Blue Caves", are cut into cliffs around Cape Skinari, and accessible only by small boats. 

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