Alexis Ciprass was chosen by the people of Greece because he was a leftist. They might have thought that since 2008, due to the economic crisis of Europe and America, the worst situation in Greece, the government led by a leftist can handle it. In the same sequence, in the last week of June, Cyprus had called for a referendum, the people of Greece voted in favor of not signing the contract with Trianga, the European Commission, the European Central Bank and the International Monetary Fund. Economists like Joseph Stiglitz and Paul Krugman also advised the policymakers of Greece to turn their own currency repository and strengthen Greece's economy by increasing the amount of savings. But in order to do that, the Euros would have to shake away the Prime Minister Alexis Ciprase, He did not have the courage to do so. In Brussels, the capital of Belgium, Greece has been able to push Greeks out of debt crisis to a more serious financial crisis. Eurozone The 19-member European Union has won, Greece's extraordinary wealthy rich.
An agreement has been made in Brussels, which reminds everyone of 1919 - Versailles talk. After the defeat of Germany in the First World War, the whole Europe forced them to contract the Versailles contract. This led to the inevitable the second world war. If the Brussels deal is really implemented, then inevitably, Europe will move towards a deep crisis. In The Guardian, a comment has been made that the new agreement is a derogatory version of Versailles. Renowned economist Paul Krugman called the treaty 'vengeful'. Economist Amartya Sen wrote an article about whether the New Statesman would benefit from Greece's financial crisis a month ago. He opposed this harsh exploitation program. In context, He reminded us that on June 5, 1919, British quotes David Lloyd George, a quote from Lord Mannard Keynes, by which economists Keanon withdrew himself from the scene of the peace negotiation after the First World War. Because, according to Kaines, this kind of crisis can not be solved through crushing; Rather it is further concentrated. Later, he wrote a book in this context, titled 'Economic Concepts of the Peace'. The criticism of Keane against the Allies' conservative spending and contraction reforms, imposed on Germany's neck, was not limited to only one book. Later he wrote many more times. It has repeatedly shown that there can not be any right policy for crusade during recession. In the example, he mentioned that instead of ditching the hole, the economy started to float in the form of refunding the money. Because, This expenditure creates demand in the market, lazy production power becomes active, growth grows and cuts down. Although the concept of Cairns did not take place in the first phase, it would be possible for Europe to survive the economic crisis after the Second World War using its notion.
In 2002, Greece gained profit after the introduction of euro-based economy in common currency throughout Europe. In Greece, only two percent of the European economy ran out of Britain, France and Germany's big banks. Their investment increased the flow of money in the Greece market. As a result, the demand for the goods was rising, the industry was growing. Economic infrastructure was steadily growing; As the capital and financial markets became active, on one hand Western Europe's financiers were lending there, while the producers expanded their product markets. There was a situation in the economy that there was a loan from which the debt was coming back, and it was going back to the buyer's product as a result of it. The loans that were received by Greece's banks were used to spend in the production sector without spending money on consumer goods, Then the situation would have been different. But even though the economics were relatively invigorating, due to the lack of proper use of credit, the people there used to be consumed with the use of additional consumer products.
In 2008, the global economic crisis started in 2008. Greece's relations with the crisis that arose from the United States was that the two countries were expanding with Phelpalli in the real estate market. But the collapse of the United States real property market has broken down the market, the deadlock arose on the global banking network. As a result, the borrowers of Greece failed to pay the debt, they were not able to repay the loan by selling the immovable property purchased at the additional cost, it was not possible to repay the loan due to excess income. In order to rescue Greece from this crisis, it was announced after two rounds of bailout, whose main policy was crocodile.
But poverty can not be eliminated by fist of festivities, and it is not possible to come out of such an all-out crisis even after crushing. So the crisis in Greece is not going away, but rather concentrating. To stand up, Greece now needs to ignore all debts. In other words, if Triangle wants to protect Greece, then she should waive off debt and make arrangements for reinstatement. Recently, Thomas Pikey, author of 'Capital in the Twenty First Century', commented in an interview that Germany's debt amounted to 200 percent of GDP in 1945, but the country's economic development took place due to debt waiver and debt restructuring. As a result, it is possible to keep the people's effective needs and keep growth going on through the economic program. On the other hand, crushing only sticks to a handful of people, But the majority make people more endangered. In this context, the economic reforms of Bangladesh may also be considered. Due to the structural reforms imposed by the World Bank and the International Monetary Fund, due to the military rule of Hussein Muhammad Ershad, the economic recession in Bangladesh continued to dwindle and growth slowed down. Since 1996, the goal of higher growth has been fixed despite the risk of inflation, ignoring the advice of donors here since 1996. 'High growth through low stability' - rather than high stability through low growth - has changed the economic perspective of Bangladesh. But in Bangladesh, the crisis is concentrating from the other side, because of the separation of the investor and the savings in the case of 'Savings more and less investment' - the situation is emerging. Growing middle class classes using savings as their investments, On the other hand, the upper classes are sending out of the country without investing their savings or using them in unproductive sectors. It has been linked with risky speculation to make profits for a short period of time. As a result, if there is no progress in institutional reform, and if there is no political stability, there can be an economic crisis at any time when effective demand decreases.
In Greece, the main crisis is actually the institutional reform. Amartya Sen said that, not by crushing, Greece can reduce its debt burden only through institutional reform. But in the face of pressure, Greece walks on the way. On July 13, a compromise agreement to get eight thousand 600 million euros from Eurozone would stay away from financial rest, but would call it a crisis. Greece's economy, according to the Crusades policy, decreased by 25 percent in 2009, the crisis of the tricolor strained Greece's national debt, rather than 180 percent of national income. In Greece, one-third of the population is below poverty line, 60 percent of the youth are unemployed and workers get wages 25 percent less than before. Writing, ignoring the consequences of the referendum, the decision taken by the Grecian Government indicates public unrest and political instability, which may eventually be pushed to Europe.