• October 30, 2021

Why is the euro so weak?

Why is Greece’s economy in such dire straits?

Here are five reasons.


Greece’s debt is huge, so much so that it is already beyond Greece’s ability to pay back.

The IMF estimates that the country’s debt burden is now about $1.5 trillion, making it one of the world’s most indebted nations.

The country’s current account deficit, which accounts for about 40 percent of its gross domestic product, has already surpassed 1.2 percent of GDP for the first time in its history.

That is just a drop in the bucket compared to the debt burden Greece now faces.

And while it is technically possible to cut its debt burden in half through economic reforms, Greece has yet to take the steps necessary to do so.

The current account surplus will take years to reach its full potential.

The European Central Bank recently announced that it will keep a lid on its bond purchases as long as Greece remains in the euro zone.

So the country will have to continue to borrow heavily to pay its bills, which means it is on the brink of defaulting on its debt obligations.


The Greek economy is in the toilet.

The euro is supposed to boost the economy, and that is exactly what Greece is experiencing right now.

Greek inflation is already running at over 20 percent.

Its GDP is projected to shrink by 2.2 percentage points this year, and it is expected to contract by 1.3 percent this year.

The eurozone’s latest forecast shows that Greece’s inflation rate will rise to 26.2% this year and to 31.9% next year.


Greece is in debt.

The debt that Greece is owed by the European Central Fund (ECF) is now roughly $1 trillion.

It is currently sitting at about 10 percent of the countrys GDP.

The government is already facing a $1 billion debt payment due next month, which is due to come from a fund that was created by the bailout.

The fund is supposed in part to make up for the shortfall in GDP due to Greece’s financial woes.

But the IMF estimates the IMF will have only $1,800 in the bank for Greece, meaning it will not be able to meet its obligations for the next few years.


The Greeks are getting fleeced.

The EFS has said that Greece has a huge “fiscal hole,” and that it should take out as much as it can to keep its economy afloat.

But it has not done so.

Greece has spent a lot of money on new spending in recent years, but that spending has not kept pace with its tax revenues.

Its public debt is now estimated to be $3.2 trillion.

Greece owes a total of $9 billion in back taxes to the EU, which it has yet again failed to pay.

That debt is expected soon to balloon to $20 billion.


The Germans are making huge profits from Greece.

Germany is one of Greece’s main trading partners, and is a key partner for the country in its bailout efforts.

German companies have been pouring billions of euros into Greek companies and the country is currently the third-largest exporter of German goods.

Germany has also been one of its biggest supporters in Europe during the rescue efforts, as the country helped to finance the IMF-sponsored debt restructuring.

But Greece has become a major target for the German companies.

In the past few months, Germany has increased its investment in Greece from $4 billion to $11 billion.

The company has also recently started paying taxes on profits that it made in Greece.

The German government is also making a lot more money on Greek debt, which amounts to more than $1 million per day.

But Germany’s government is not even paying the IMF’s $1 tranche.

It has not yet paid its remaining $3 billion, which will be paid over the next several years.

The amount of the remaining $5 billion has been kept hidden by the Greek government.

Germany’s top executive, Horst Seehofer, told Reuters that Greece owes the EU “a lot of debt, but we don’t owe them anything.”

“We owe them money because they owe us money,” he said.

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