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Analysis of the economic development of Greece within the European union and financial prospects for recovery

Author

Listed:
  • Ioannis Kypraios

    (South-West University “Neofit Rilsky”, Blagoevgrad, Faculty of Economics)

Abstract

The article is of a review nature and presents an analysis of Greece's economic development from its accession to the European Union to the present day. The aim is to present the issues that caused the crisis, the increase in external debt, and the development of the Greek economy after the crisis. Interesting results are presented regarding changes in unemployment, budget, taxes, population income, and foreign investments, as well as the gradual recovery of the economy and important sectors such as tourism, following the problems of recent years related to COVID and the war in Ukraine.

Suggested Citation

  • Ioannis Kypraios, 2024. "Analysis of the economic development of Greece within the European union and financial prospects for recovery," Entrepreneurship, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 12(2), pages 74-83.
    • Handle: RePEc:neo:epjour:v:12:y:2024:i:2:p:74-83
    DOI: 10.37708/ep.swu.v12i2.6
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    More about this item

    Keywords

    Greek economy; financial crisis; debt crisis; Greece's nominal GDP; unemployment; full-time salary; foreign direct investment;
    All these keywords.

    JEL classification:

    • G1 - Financial Economics - - General Financial Markets
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

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