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The Greek crisis is a COMPETITIVENESS crisis disguised as a FISCAL crisis and now being expressed as a GOVERNANCE crisis.?

Which one is more relevant among above ?

 

IS Governance Crisis Intervention Crisis Management Economics
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Question added by Mohammed Asim Nehal , M Asim Nehal & Co , Chartered Accountants
Date Posted: 2015/07/07
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Gayasuddin Mohammed
by Gayasuddin Mohammed , Advocate , Practicing Law before High Court at Hyderabad

Appropriate and Relevant is  Governance Crisis i think.

Mohammed Asim Nehal
by Mohammed Asim Nehal , M Asim Nehal & Co , Chartered Accountants

To put in a nutshell, the reasons for Greek’s political, social and financial turmoil are..

  • Reckless borrowing by the Greek Government
  • Very high non-productive expenditure
  • More spending than earning
  • Excessive military spending
  • Failing to implement financial reforms by the Greek Govt
  • High corruption levels
  • Tax evasion by the citizens and business houses
  • Single Euro zone currency….

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