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 Greece's Economical Problems

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EuropeChair_MaxG
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PostSubject: Greece's Economical Problems   Wed Sep 22, 2010 8:57 pm

Delegates, as many of you should know Greece right now is suffering from major economic crisis. It also affected other European Nation, such as Spain, and Portugal in the worst cases. This topic will be well discussed in our caucus especially since some nations consider removing Greece from the EU. For those of you who need to learn a bit about what is happening follow he link attached to this post and it will give you a general idea, but remember, you have to research yourself. So start gathering your information and let’s start debating delegates!!

http://edition.cnn.com/2010/BUSINESS/02/10/greek.debt.qanda/index.html

cheers good luck cheers
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PostSubject: Re: Greece's Economical Problems   Sun Sep 26, 2010 2:06 pm

Delegates,

As it has just been mentioned, Greece will be discussing its economical issues throughout this years MUN, as it is a severe issue, which happens to be affecting many European countries.

Delegate of Greece
Gabriella
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France_Alex
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PostSubject: Re: Greece's Economical Problems   Sun Sep 26, 2010 5:41 pm

Delegates,

France together with Germany are the two major countries acting on helping the economic crisis at Greece. Its deficit is alarming and it may lead to Greece losing a place in the European Union and the euro as its currency. It directly affects the euro currency and all of Europeans countries that uses it. Analyst are quite sure that Greece cant get out of this on its own and the support of everyone must be requested. It is mostly affecting countries like Italy, Ireland, Portugal and Spain. Farmers are blocking roads, highways, ports showing their frustration. Lets come to a solution urgently!!

Later
alien
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Germany_Nilo
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PostSubject: Re: Greece's Economical Problems   Mon Sep 27, 2010 5:13 pm

Germany will be supporting various ways to help end the economic crisis, including financial aid.
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PostSubject: Re: Greece's Economical Problems   Mon Sep 27, 2010 7:02 pm

Russia fortuity is not directly affected by the Greece economic crises due to the fact that our countries currency is not euros but we hope to help fix the economic crises because it is affecting Eurasian trade and stock markets
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PostSubject: Re: Greece's Economical Problems   Mon Sep 27, 2010 9:10 pm

Delegates,
Yes, Greece does have a major economic problem going on in the country right now, which will be addressed in MUN. This problem according to my research is caused by excessive spending, cheap leading and the country also failed to implement reforms. These problems lead to greece s' economic break down. Right now the country is trying to solve the problem by raising taxes on tobacco, alcohol and other goods, as well as raising the retirement age to two years later.It has also cut down spending and has implemented austerity measures that are meant to reduce the deficit by 13.7 billion dollars. Together with this we will also find other solutions the country can use to solve this problem.
Sources:
http://edition.cnn.com/2010/BUSINESS/02/10/greek.debt.qanda/index.html
http://uchicagolaw.typepad.com/beckerposner/2010/03/greeces-economic-crisisposner.html
http://www.greecetravel.com/matt-blog/2010-2-12.htm

Karina
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PostSubject: Re: Greece's Economical Problems   Mon Sep 27, 2010 10:07 pm

Dear delegates,

The delegation of China would like to state that this economic crisis is something that the whole
world should be aware of and acting towards. EVERY country in Europe will soon be affected
by this, and with that, every other country, since 90% of the countries in the world do business of
exports and imports with at least one European country. This is like a firestorm in a forest, delegates,
if not interfered, it will only spread until the whole forest or a huge amount of it is burnt, making such
changes irreversible, and like every fire, the more people trying to put it out, the quicker it will vanish.
Let's try to put an end to this crisis, my dear delegates, and as soon as possible.

With heart,
The Delegation of China
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PostSubject: Re: Greece's Economical Problems   Tue Sep 28, 2010 6:48 pm

It is a fact that the greek economic crisis is something the whole world should be working on. The Greek government has very few ways to deal with the attacks on its debt and that is putting a lot of pressure on the euro.
The devalorization of the euro would cause a problem on a global scale and political economic expert, Bob Hancké, has already stated
"I think it's quite possible we could see the euro gone in several years — or at least reduced to a currency only used by France, Germany..."

Read more: http://www.time.com/time/business/article/0,8599,1966658,00.html#ixzz015QbzJwY

imediate action should be taken.

afro
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PostSubject: Re: Greece's Economical Problems   Thu Sep 30, 2010 8:17 am

Greece's government brought this on itself, Japan is in favor of fiscal responsibility.
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Germany_Nilo
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PostSubject: Re: Greece's Economical Problems   Thu Sep 30, 2010 5:48 pm

The delegate of Germany believes that this issue has gone far too long. Germany suggests Greece's removal from the European Union for the sake of the other EU countries. If one of the countries partcipants of the European Union starts to hit a financial crisis, all of the European Union will be damaged. Also, the Debt crisis has got to a point where Greece owes 125% of their GDP! The euro will "crash land" if nothing is done about it. Of course Germany is not suggesting for Greece to be left alone, the EU will try to help it financially best way it can, but I would like to propose Greece to leave the European Union, until the financial crisis becomes more stable, and then, The EU would evaluate the country's economy to see if it can come again, become a country participant in the Eurozone.

Quote :
Greece's foreign debt has risen to 300 billion euros ($441 billion), or about 125% of national GDP, Deputy Finance Minister Filippos Sahinidis said on Thursday.
"The country's debt has reached 300 billion euros, which is the highest in the country's modern history," Sahinidis told parliament.
Greece's economy has suffered more than most other EU states since the onset of the financial crisis last year, with a soaring rising budget deficit. The previous government was widely criticized for failure to take measures to stabilize the economy.

Quote from http://en.rian.ru/business/20091210/157189048.html

If you want to see all of the "accomplishments" related to this dramatic issue ------> http://www.reuters.com/article/idUSLDE6351JU20100428?pageNumber=1
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PostSubject: Re: Greece's Economical Problems   Wed Oct 06, 2010 10:07 pm

Delegates,
Greece is fully aware, as I'm sure the rest of the world is, about its economical problems and how its effecting every other euro-using country. However, kicking Greece out of the European Union, and retraining the euro as its currency, is far too big of an exaggeration! Seriously, if every country helped a little bit, then this issue could be solved with no hard feelings, and Greece could benefit from it, aswell as the others.
There's no need to go to extreme and to be frank, ridiculous measures, in order to solve a problem which could be solved by each effected country pitching in to help.
Thanks,
Greek delegate,
Gabriella
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PostSubject: Re: Greece's Economical Problems   Wed Oct 06, 2010 10:12 pm

Delagates,
As a representative of greece I believe in order to solve Greece's economic problems, greece will have to receive support from other countries.
Greece Delegate
Karina
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PostSubject: Re: Greece's Economical Problems   Thu Oct 07, 2010 8:41 am

Dear Delagates,
Greece needs help from foreign countries because the EU bailout will still be safe and if Greece knows how to manage it and makes the nessecary cuts on the country needed to balance out the country, the problem could be solved. Gareece needs this money to get out of this crisis and if other countries help out they will prevent being dragged down toghether with Greece.

http://www.bbc.co.uk/newsbeat/10100201

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PostSubject: Re: Greece's Economical Problems   Thu Oct 07, 2010 11:42 am

Fellow delegates;

Germany does not intend to help Greece with its economical crisis, by the contrary we wish to expel Greece from the EU, while they solve their economical issues, because it is affecting almost every country in Europe, mainly France, PORTUGAL, Germany and many more this may create a future reccession on our countries, and it may not hapend, so if Greece is expeled from EU and the european countries help Greece to stabilize its economy then Greece coulb be reaccepted in the Europian Union!!!

With best regards
Delegate João

halla afro
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Germany_Nilo
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PostSubject: Re: Greece's Economical Problems   Thu Oct 07, 2010 12:00 pm

greece_gabriella wrote:
Delegates,
Greece is fully aware, as I'm sure the rest of the world is, about its economical problems and how its effecting every other euro-using country. However, kicking Greece out of the European Union, and retraining the euro as its currency, is far too big of an exaggeration! Seriously, if every country helped a little bit, then this issue could be solved with no hard feelings, and Greece could benefit from it, aswell as the others.
There's no need to go to extreme and to be frank, ridiculous measures, in order to solve a problem which could be solved by each effected country pitching in to help.
Thanks,
Greek delegate,
Gabriella

Dear delegate,

As much as the idea of "pitching in" may sound simple, it is extremely difficult for the European Union to do. For example: Germany owed a lot in between world war I and World War II, since then Germany has tried to prevent any sort of inflation that wasn`t ABSOLUTELY necessary. Nowadays, due to the Debt Crisis, many countries owe large amounts of money. For Example: Germany owes about 62.6% of their GDP ($1.79 trillion), Italy owes 103.7% of their GDP ($1.89 trillion), and France owes 67% (about 1.4 trillion dolllars). As you can see delegate "pitching in" would mean to create massive ammounts of inflation to the population of EU countries.

Delegate of Germany
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PostSubject: Re: Greece's Economical Problems   Thu Oct 07, 2010 1:37 pm

greece_gabriella wrote:
Delegates,
Greece is fully aware, as I'm sure the rest of the world is, about its economical problems and how its effecting every other euro-using country. However, kicking Greece out of the European Union, and retraining the euro as its currency, is far too big of an exaggeration! Seriously, if every country helped a little bit, then this issue could be solved with no hard feelings, and Greece could benefit from it, aswell as the others.
There's no need to go to extreme and to be frank, ridiculous measures, in order to solve a problem which could be solved by each effected country pitching in to help.
Thanks,
Greek delegate,
Gabriella

Dear delegate,

Removing Greece from the European Union temporarily could be a possible solution
to this issue. Think about it like this: in a group of 20 people, 1 person is infected with
a flu, so that person is separated from the rest so it's disease won't spread and is aided
by many others to heal as soon as possible. Greece won't be kicked out and removed from
outer relations, it will just be provided a solution. The delegate of China believes that this
will only work if it has Greece's approval, so think about this dear delegate, and try to find out
the best solution for your country.

With heart,
The Delegation of China.
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israel_victor
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PostSubject: Re: Greece's Economical Problems   Thu Oct 07, 2010 7:47 pm

Quote :
Think about it like this: in a group of 20 people, 1 person is infected with
a flu, so that person is separated from the rest so it's disease won't spread and is aided
by many others to heal as soon as possible.


As it was stated by the Chinese delegation and the delegation from Germany, the best way to solve this crise would be expeling greece from the EU!
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PostSubject: get rid of Greece   Wed Oct 13, 2010 6:40 pm

yes expelling Greece form the EU will provided more imitate results and would work to protect other European nations if Greece just so happen falls any further removing Greece would also provide more stable relations between Russia and Germany if the EU was more economically stable as a whole and the euro was stronger.
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PostSubject: Re: Greece's Economical Problems   Thu Oct 14, 2010 8:47 am

Dear delegates,
I have found news about the possability of Greece being temporarely expeled from the EU, and with it it is going to give european countries time to settle down and it will give time for Greece to solve their economical crisis, it may take some time to solve all this problems. The appeal of a voluntary departure is that a country would then be free to devalue its currency to improve competitiveness and to set its own interest rates.

That's not to say either expulsion or withdrawal is an easy way out.

Hugs and Kisses from delegate of Germany;

Sources:

http://news.bbc.co.uk/2/hi/business/8496839.stm
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PostSubject: Re: Greece's Economical Problems   Thu Oct 14, 2010 9:06 am

Dear Dealgates,
I am fully aware that the other European countries are considering kicking Greece out of the EU as a solution for Greeces´economic crisis problem. As my following research shows this is not the correct option and it cannot be done. Greece can choose to withdraw from the union but no country has the right to expell it because it is against the rules of the uninon.

http://www.foreignpolicy.com/articles/2010/03/23/could_greece_get_kicked_out_of_the_european_union
Karina
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PostSubject: Re: Greece's Economical Problems   Fri Oct 15, 2010 5:26 pm

Quote :
Dear Dealgates,
I am fully aware that the other European countries are considering kicking Greece out of the EU as a solution for Greeces´economic crisis problem. As my following research shows this is not the correct option and it cannot be done. Greece can choose to withdraw from the union but no country has the right to expell it because it is against the rules of the uninon.

http://www.foreignpolicy.com/articles/2010/03/23/could_greece_get_kicked_out_of_the_european_union
Karina

It might not be possible to expel a country right away, but with the proper guidelines, it is possible
for a country to be expelled. Expelling Greece also wouldn't fix the European crisis either, so, the
delegate of Germany would like to propose something denied earlier (not on the forum). It has been
proven that Greece could acquire a large amount of money from selling its own islands. Greece has many
islands that are under the eyes of investors from other countries, and the selling of some of these
islands would grant Greece billions of Euros. BUT Greece refuses such easy investments, why?

According to EU guidelines, there are some occurencies that Greece does not follow:

1) Greece does not respect minority rights - this is proven by Helsinki and other organizations for minority rights.

2) Greece doesn't have good relations with its neihgbours - open problems with almost all neighbours: Albania, Turkey for Aegean sea, Macedonia.

3) Greece's economy is far away from EU countries.

The above shows how Greece's admission was irregular.

ALSO, even if Greece were not to be removed from the European Union, a new legislature could be created for the expulsion of a member state when EU conditions were undermined.
Nilo

Other source

http://www.businessweek.com/magazine/content/10_42/b4199070720737.htm



Last edited by Germany_Nilo on Sat Oct 16, 2010 2:21 am; edited 2 times in total
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PostSubject: Re: Greece's Economical Problems   Fri Oct 15, 2010 8:08 pm

Fellow Delegates,

Due to Greece wasting years of unrestrained spending, cheap lending and failure to implement financial reforms left Greece badly exposed when the global economic downturn struck, now it is suffering a big economical crisis, as we all know, Greece is part of the EU and by this fact it is affecting other countries from the EU.

The EU have offered to help Greece, which the National debt, put at €300 billion ($413.6 billion), is bigger than the country's economy, with some estimates predicting it will reach 120 percent of gross domestic product in 2010. So supporting my fellow delegate Nilo one quick and helpful ways for Greece starting making some money to outgrowth then how much more it spends than it takes in, is 12.7 percent, so selling their islands would be a good option for Greece.

In the EU all 16 countries which make up the euro zone have agreed a rescue plan for their ailing neighbor. The package, which would only be offered as a last resort, will involve co-ordinated bilateral loans from countries inside the common currency area, as well as funds and technical assistance from the International Monetary Fund (IMF).

Best regards from the Delegation of Germany.

Resource:

http://edition.cnn.com/2010/BUSINESS/02/10/greek.debt.qanda/index.html
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PostSubject: Re: Greece's Economical Problems   Sun Oct 17, 2010 3:01 pm

Delegates,

The Israeli delegation fully believes that it should have a solution to don't throw Greece out of the EU, but, if there is no solution and persistence of greece in the EU is making the economy worst, the best solution would be kicking greece out of the EU
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PostSubject: Re: Greece's Economical Problems   Sun Oct 17, 2010 6:01 pm

Delegates,

So far the debate AMOUNT for this topic is going well. However, the CONTENT being presented is the same. Instead of talking about yes or no to kick Greece out of the EU, give examples why, or cite sources that support your countries view about the issue.

Also, although you guys are doing a good job on this topic, don't forget about the other topics in the European Caucus;

1. Russia- Stop all connections between UN Operations and NATO involvement in such Operations.
2. France- Creating a valid solution to mediate and decrease the number of illegal immigrants in Europe.

Thanks,

Tyler Simpson
European Chair
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PostSubject: Re: Greece's Economical Problems   Thu Nov 04, 2010 8:33 pm

Distinguished delegates,

The need to address a solution for the financial crisis in Greece which has already caused broad damages to the economic apparatus of pretty much every European Nation is a fundamental step to achieve economic stability in our continent. Despite not being a member of the European Union, Turkey is an associate member of this institution, and it’s under such status quo that we exhort the EU Member States that ,as previously proposed in this topic, measures such as the regrettable attempt on extruding Greece from the European Union, are legally unconceivable, regarding the current circumstances, as they violate international law.

The Republic Turkey believes that the only way to remediate this economical crisis is through multilateral cooperation among Member States, the EU, the IMF, the World Bank and the government of Greece. Increase taxation on luxury goods, alcohol and tobacco, in larger scales, and privatize of SOEs, are efforts which shall continue in even larger scales. Raising retirement age and decreasing of hourly working load are also reasonable measures curb the effects of this crisis.
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