Essay Question:
A Greek crisis has been continuing since the financial position of the Greek economy
became exposed during the GFC. However, support from the European Union and
the international community have averted a crisis to date with austerity measures
showing that Greece was tackling some of the big issues. In the past few weeks the
Greek community have demonstrated on the streets arguing that they do not want to
continue with the austerity measures and they have now defaulted on repayments.
you should discuss the key areas below by presenting all sides of the arguments
using supporting evidence for your arguments. Critically evaluate the arguments to
draw conclusions on the topic. potential financial contagion within the Eurozone and the international
financial system; Supporting evidence should come from credible sources such as peer reviewed
journals or the websites of governments or international organisations. To find peer
reviewed journals you should conduct a database search through the QUT library
website. For example, if you were to search for “Greek debt crisis”, then click on
“journal articles” in the column on the left, you will find lots of relevant articles.
For more current information, you might want to look at credible websites such as:
International Monetary Fund – http://www.imf.org/external/
CIA World Factbook – https://www.cia.gov/library/publications/the-world-factbook/
Greek Central Bank – http://www.bankofgreece.gr/Pages/en/default.aspx
European Union – http://europa.eu/index_en.htm
These are just examples and you are expected to find other sources, this list is just a
starting point.
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