Problems In Greece: The Problems Of Greece's Economy

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How Greece’s problems started- The big problem for Greece is that it is a very corrupt country politically. It’s corrupted both domestically and foreign where large amounts of funding money is being placed in the wrong hands. And 25% of the country 's GDP is falling into undeclared black markets. The severe parts of “The Greek Depression” started in 2009 where fears developed about them not being able to pay their debt obligations due to data that was misinterpreted by the Greek government a while back. Also there is a large in balance in the public sector has created a vastly large expense for the private sector, further contributing to its debt problem. The hosting of the Olympic games also created a large expense for Greece on top of it …show more content…

According to the trading economics website the last official census in Greece was taken in 2012, which found a population of 10.8 million. It is said that the country’s population density has 82 people per square kilometer which ranks 120th in the world. The capital of Greece is Athens, it is also the largest city having an urban population of 3 million along with a metro population of 3.75 million. Statistics shows Athens the most densely populated region of Greece with 19,000 people per square mile in the city proper. Beside Athens there are other major cities, these cities and their population are as followed Thessaloniki (788,000), Patras (214,000), and Heraklion (174,000). …show more content…

Even though it showed an increase when compared with last year, because the numbers of deaths exceeds the number of live birth by 16,556 it records a negative increase. It is said that 25,778 of the population total in Greece was contributed by external migration. Also the population sex ratio was 0.980 (980 males per 1000 females), this findings is lower than the global sex ratio which show approximately 1016 males to 1000 females as of 2014. (countrymeters.info/en/Greece). Indexmundi Website reports the one of the factors that affects Greece’s population growth is because of their ongoing economic crisis, having children in a country that is continually facing recession is unwise. According to the last census taken in Greece reporters believe that there is going to be more decline in the country they estimated this decline base on the age of the residents, showing must of them close to be in their sixties.

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