Edison Zheng
Jones
Review of Literature 1
11/23/16
Greece
Greece, officially known as the Hellenic Republic, is a Parliamentary Republic (a republic based off a system of parliamentary which is consisted of the highest legislature). The President, Prokopis Pavlopoulos, was elected by Parliament as every president is every 5 years. The president is the head of the state. The Prime Minister is the Head of the Government. There 's also a decision making body that constitutes the Government of Greece that comprises of the Prime Minister, Ministers, and Deputy Ministers. Legislative power is executed by Parliament which is basically the President. Executive power is exercised by the Government. Judicial power is determined …show more content…
The implosion of Wall Street in 2008 affected many economies but it is safe to say that Greece was affected by it much more. With Greece becoming the center of Europe’s debt crisis, the entire nation was prompted to take action and increasing Greek finances. However, by 2010, Greece was banned from financial markets causing yet another possible financial crisis. Fortunately, the International Monetary Fund, European Central Bank and the European Commission gave Greece a bailout. This means that Greece, as a failing economy, received financial assistance in hopes of Greece getting their economy back up. In a way, this was a very bad thing. The debt was now accumulated to a total of 240 billion euro. Only 25% of that debt was paid off in the span of 5 years. It is good that Greece has overhauled their economy and is trying to rebuild. As of now though, Greece is in a precarious situation (The New York Times 1-3). Now that you have an idea of how the economy of Greece is, here are some statistics of the current economy of Greece. The Economic Freedom Status in Greece is mostly unfree. This means that just like people have rights to vote and such, Greece has it’s economic right to prosper and invest. However, it’s mostly unfree which means Greece does not …show more content…
Landmarks are derived from many ancient Greek culture and the more city-like parts of Greece are usually bustling with people. Being a european country, its currency is euro. Also being a european country, their recipes are widely known across Europe either cooked differently or replicated. Culture and religion is a huge part of Greece. Many cultural aspects of Greece have a religious meaning. Greek culture is a all year round thing and during these cultural festivals and celebrations, food, wine, and dancing are almost always apart of the cultural aspect. Another big thing of Greece is their churches. Churches are everywhere; under mountains, inside caves and other bizarre spots. Some of the best churches are known to be beautifully designed. Not only are their churches everywhere, they are all unique based on the religion that they represent. Education in Greece is divided into Primary, Secondary, Tertiary. From grades 1-9, education is free. College in Greece does not require money for the most basic classes but advance class and education require additional fees. The highest degree is Ptychio (Shorto
Jones
Review of Literature 1
11/23/16
Greece
Greece, officially known as the Hellenic Republic, is a Parliamentary Republic (a republic based off a system of parliamentary which is consisted of the highest legislature). The President, Prokopis Pavlopoulos, was elected by Parliament as every president is every 5 years. The president is the head of the state. The Prime Minister is the Head of the Government. There 's also a decision making body that constitutes the Government of Greece that comprises of the Prime Minister, Ministers, and Deputy Ministers. Legislative power is executed by Parliament which is basically the President. Executive power is exercised by the Government. Judicial power is determined …show more content…
The implosion of Wall Street in 2008 affected many economies but it is safe to say that Greece was affected by it much more. With Greece becoming the center of Europe’s debt crisis, the entire nation was prompted to take action and increasing Greek finances. However, by 2010, Greece was banned from financial markets causing yet another possible financial crisis. Fortunately, the International Monetary Fund, European Central Bank and the European Commission gave Greece a bailout. This means that Greece, as a failing economy, received financial assistance in hopes of Greece getting their economy back up. In a way, this was a very bad thing. The debt was now accumulated to a total of 240 billion euro. Only 25% of that debt was paid off in the span of 5 years. It is good that Greece has overhauled their economy and is trying to rebuild. As of now though, Greece is in a precarious situation (The New York Times 1-3). Now that you have an idea of how the economy of Greece is, here are some statistics of the current economy of Greece. The Economic Freedom Status in Greece is mostly unfree. This means that just like people have rights to vote and such, Greece has it’s economic right to prosper and invest. However, it’s mostly unfree which means Greece does not …show more content…
Landmarks are derived from many ancient Greek culture and the more city-like parts of Greece are usually bustling with people. Being a european country, its currency is euro. Also being a european country, their recipes are widely known across Europe either cooked differently or replicated. Culture and religion is a huge part of Greece. Many cultural aspects of Greece have a religious meaning. Greek culture is a all year round thing and during these cultural festivals and celebrations, food, wine, and dancing are almost always apart of the cultural aspect. Another big thing of Greece is their churches. Churches are everywhere; under mountains, inside caves and other bizarre spots. Some of the best churches are known to be beautifully designed. Not only are their churches everywhere, they are all unique based on the religion that they represent. Education in Greece is divided into Primary, Secondary, Tertiary. From grades 1-9, education is free. College in Greece does not require money for the most basic classes but advance class and education require additional fees. The highest degree is Ptychio (Shorto