Greece’s Economic and Social Transformation 2008–2017

Greece has confronted serious financial problems since 2008 when the global financial crisis reached its peak. The disturbance in the markets led to an unprecedented local debt crisis, which has lasted till now. The scope of this research is to examine how the crisis affected the local transformatio...

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Main Author: Symeon Mavridis
Format: Article
Language:English
Published: MDPI AG 2018-01-01
Series:Social Sciences
Subjects:
Online Access:http://www.mdpi.com/2076-0760/7/1/9
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author Symeon Mavridis
author_facet Symeon Mavridis
author_sort Symeon Mavridis
collection DOAJ
description Greece has confronted serious financial problems since 2008 when the global financial crisis reached its peak. The disturbance in the markets led to an unprecedented local debt crisis, which has lasted till now. The scope of this research is to examine how the crisis affected the local transformation of the society from 2008 to 2017. For this purpose, the paper made secondary analysis of previous data, reports, articles, as well as other relevant information on basic economic and social factors such as GDP, income per capita, unemployment, social exclusion, poverty and homelessness. Despite the fact that three International Economic Programmes have been adopted by the Greek governments, the country still fights for its financial stability. Furthermore, the consequences of crisis were devastating in society. The state countermeasures have triggered a surge in unemployment, emigration, poverty and exclusion, especially among youngsters. In addition, major national economic and social indicators have significantly worsened.
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spelling doaj.art-bd601cc6bd3a43e2b72d825d6ce3a77a2022-12-21T17:14:41ZengMDPI AGSocial Sciences2076-07602018-01-0171910.3390/socsci7010009socsci7010009Greece’s Economic and Social Transformation 2008–2017Symeon Mavridis0Department of Social Administration and Political Science, Democritus University of Thrace, 69100 Komotini, GreeceGreece has confronted serious financial problems since 2008 when the global financial crisis reached its peak. The disturbance in the markets led to an unprecedented local debt crisis, which has lasted till now. The scope of this research is to examine how the crisis affected the local transformation of the society from 2008 to 2017. For this purpose, the paper made secondary analysis of previous data, reports, articles, as well as other relevant information on basic economic and social factors such as GDP, income per capita, unemployment, social exclusion, poverty and homelessness. Despite the fact that three International Economic Programmes have been adopted by the Greek governments, the country still fights for its financial stability. Furthermore, the consequences of crisis were devastating in society. The state countermeasures have triggered a surge in unemployment, emigration, poverty and exclusion, especially among youngsters. In addition, major national economic and social indicators have significantly worsened.http://www.mdpi.com/2076-0760/7/1/9crisispovertyexclusionunemploymentbailout
spellingShingle Symeon Mavridis
Greece’s Economic and Social Transformation 2008–2017
Social Sciences
crisis
poverty
exclusion
unemployment
bailout
title Greece’s Economic and Social Transformation 2008–2017
title_full Greece’s Economic and Social Transformation 2008–2017
title_fullStr Greece’s Economic and Social Transformation 2008–2017
title_full_unstemmed Greece’s Economic and Social Transformation 2008–2017
title_short Greece’s Economic and Social Transformation 2008–2017
title_sort greece s economic and social transformation 2008 2017
topic crisis
poverty
exclusion
unemployment
bailout
url http://www.mdpi.com/2076-0760/7/1/9
work_keys_str_mv AT symeonmavridis greeceseconomicandsocialtransformation20082017