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Only a cancellation of the Greek debt is invoked. Nothing about the competitiveness of the Greek economy. Writing for the British newspaper The Guardian, Aditya Chakrabortty said the movie's criticism of the euro was "compelling" and, despite its low budget, called the documentary "the best film of Marxian economic analysis yet produced". [8]
The amount is equivalent to more than 15% of the entire Greek economy and involves over 100 investment streams and 75 reforms, with about 60% geared toward the green transition and digitization.
Greece achieved a real GDP growth rate of 0.8% in 2014—after five consecutive years of economic decline—but the economy contracted by 0.2% in 2015 and recorded zero growth in 2016. [ 57 ] [ 61 ] The country returned to modest growth rates of 1.5% in 2017, 2.1% in 2018 and 2.3% in 2019. [ 57 ]
Greece has signed two loan agreements with the IMF: a Stand-By Arrangement from 2010 to 2012 and an agreement under the Extended Fund Facility from 2012 to 2016, borrowing a total of 27,766.3 million SDR. [4] Greece owes the IMF 6,735.64 million SDR, [4] and is the fund's third-largest borrower (after Argentina and Ukraine). [5]
The second book begins with the idea that there are four different types of economies. These are the Royal Economy, the Satrapic Economy, the Political Economy, and the Personal Economy. Whoever intends to participate successfully and supportively in an economy needs to know every characteristic of the part of economy he is involved in.
Doxiadis grew up in Athens and studied social sciences and economics in Harvard and the University of London.He began his career with studies of public policy for the Greek government and international organizations, participated in pilot programs of the European Commission to combat poverty throughout Europe, and then ran a consulting firm.
The Greek economy had fared well for much of the 20th century, with high growth rates and low public debt. [31] By 2007 (i.e., before the 2007–2008 financial crisis), it was still one of the fastest growing in the eurozone, with a public debt-to-GDP that did not exceed 104%, [31] but it was associated with a large structural deficit. [32]
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