Class notes
CHAPTER 37 USING MACROECONOMIC POLICIES 1
- Course
- Institution
CHAPTER 37 USING MACROECONOMIC POLICIES 1
[Show more]
Seller
Follow
MeganDomina
Content preview
A35CHAPTER 37 – USING MACROECONOMIC POLICIES
Question Remarks
GREECE: THE FUTURE
EXTRACT A: THE NEXT STEPS FOR GREECE
Greece's exit from eight years of international bailout
programmes in August 2018 followed years of austerity and an
eight year recession. However, the end of the bailout does not
end Greece's commitments to its international creditors. One of
the most significant is that, in exchange for a major debt relief
deal in June, the country needs to maintain a primary surplus —
a measure of its budget balance that excludes debt repayments
— of 3.5 per cent of GDP a year until 2022. Critics say this target
limits the government's ability to cut taxes or take other growth
policy measures. Greece's public debt stood at 178 per cent in
2017, by far the highest in the Eurozone.
EXTRACT B: MACROECONOMIC POLICIES TO HELP GREECE
According to data published by the Greek statistical service,
almost 35 per cent of the population was at risk of poverty in
2017. The unemployment rate, at just over 20 per cent, is almost
three times the EU average. Unemployment is falling, but only
slowly. A high proportion of new jobs are part-time which may
not lift families out of poverty.
The government is determined to prevent more pension cuts
taking effect in January 2019. The government has also
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller MeganDomina. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67474 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now