GREEK DEBT CRISIS AND ITS INFLUENCE ON ROMANIAN ECONOMY: A STUDY REGARDING POVERTY ISSUES IN BOTH COUNTRIES
GREEK DEBT CRISIS AND ITS INFLUENCE ON ROMANIAN ECONOMY: A STUDY REGARDING POVERTY ISSUES IN BOTH COUNTRIES

Summary/Abstract: In Europe, Greece represents one of the most affected countries by the economic crisis. Greece officials are keenly aware of their debt situation and promise austerity measures to cut costs and boost their productivity growth. However, Greek debt crisis is rapidly expanding over other European countries, threatening international prospects for economic recovery. This paper addresses some major aspects of Greece’s economic crisis while discussing the impact generated on Romanian economy. Based on the 2010 Eurobarometer report, the article presents Greek consumers’ perceptions regarding the effects of the crisis on their every day life. To explain the situation in Romania, the author organizes a survey among Romanian consumers on the same theme. Comparing the results, the author presents similar effects in both countries and proposes new directions of economic improvement.

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