Brussels as well as Berlin are very much relieved after the results of the election of Greece have come out in the public.
One thing that stands out from all the other matters above the issue if chaos is that Greece for short term is not going to leave the eurozone because of the trouble that is still going on in this area. Both the Central Bank as well as the finance ministers of the area of Europe who are not standing out yet are now going to get into relaxed mood.
As far as the condition in the eurozone is considered, quite a lot of steps are being taken so that this condition can be solved in a proper fashion. The winner in the time of election is Antonis Samaras, a New Democracy which is a conservative party of Greece. According to him this election was done so that a choice can be made between staying put in the eurozone as well as returning back in to the drachma. There were only 40 per cent of the voters were giving their support to the party so that they can get a bailout with the European Union that is EU as well as International Monetary Fund that is IMF.
The one message from the side of Greece is that for more time wanted to stay in the eurozone but not at the cost of their austerity measures were not an easy thing for them.
This result does not mean that the condition of Greece has become any better. Alexis Tsipras is waiting to get a good chance and to do something for the country. This leader of the left party got around 27 per cent of number at the time of voting so that he could have torn the bailout agreement even inspite of the fact that they wanted to stay put in eurozone, which he used to make claims.
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After a small span of time when the results came out, Samaras, had to say that his wished to devise such kind of a government in the country that is going to work in order to bring in national unity. Alexis Tsipras was not of any similar kind of view. According to him, this new coalition government is not going to stay for more than just a span of few months. He informed his supporters about his same kind of thoughts.
San Mateo, CA (PRWEB) July 23, 2014
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About SaaS Markets
SaaS Markets, based in San Mateo, CA, builds and delivers app stores for the global Software-as-a-Service (SaaS) market. Through relationships with major financial institutions, retail brands, technology companies, small business associations and leading brands, SaaS Markets is bringing Software-as-a-Service to millions of small and medium-sized businesses around the world. SaaS Markets offers companies a user-friendly portal that makes it easy to choose the SaaS tool that is right for their business needs. Learn more at: http://www.SaaSMarkets.com, or call 650.458.0748.
Hye i need to knwo is Greece is a Monarchy, Constitutional Monarchy, Republic, etc..and if it is a Capitalist, Communist, or Socialist economic system….please adn thank you.
Answer by Bearwithme
Greece is a parliamentary republic. The head of state is the President of the Republic, who is elected by the Parliament for a five-year term. The current Constitution was drawn up and adopted by the Fifth Revisionary Parliament of the Hellenes and entered into force in 1975 after the fall of the military junta of 1967–1974. It has been revised twice since, in 1986 and in 2001.
The Constitution, which consists of 120 articles, provides for a separation of powers into executive, legislative, and judicial branches, and grants extensive specific guarantees (further reinforced in 2001) of civil liberties and social rights.
Legislative power is exercised by a 300-member elective unicameral Parliament. Parliamentary elections are held every four years.
In 2001, Greece joined the Economic and Monetary Union. Annual growth of Greek Gross Domestic Production (GDP) has surpassed the respective levels of most of its EU partners. Today, the service industry makes up the largest, most vital and fastest-growing sector of the Greek economy, followed by industry and agriculture. The tourism industry is a major source of foreign exchange earnings and revenue accounting for 15% of Greece’s total GDP and employing ,directly or indirectly, 16.5% of the total workforce.
Greece is a leading investor in all of her Balkan neighbors with the National Bank of Greece in 2006 acquiring the 46% of Turkish Finansbank and 99.44% of Serbia’s Vojvođanska Bank.
The manufacturing sector accounts for about 13% of GDP with the food industry leading in growth, profit and export potential. The public sector accounts for about 40% of GDP, with the government however taking measures to decrease it further. High-technology equipment production, especially for telecommunications, is also a fast-growing sector.
Answer by borris the bat
Constitutional fascism. Like the rest of europe. Only with a twist of corruption