Declarations

The facts cannot withstand the required a critical eye of analysts as pointy demonstrate multiple time series of economic parameters of the Greek economy. The gap in the area of industrial production opens in the euro-zone between Germany and the countries (excluding France yet) continue; Greece is the far abgehaengte sad bottom of all euro Southerner with a stand of 70% (2001 = 100%). Greece real unadjusted GDP shrank 19 quarters in a row (last in the Q1/2013 with? 5.6%) and reached now the economic performance of the first quarter of 2000 has not benefit so economically Greece from joining the euro. Labor market located on level of depression sees new highs when the unemployment rate for adult 26.8% and youthful 59.2%; each according to ILO statistics. Also private consumption is now collapsing in the 12th quarter in a row, versus in the Q1/2013. the prior-year quarter to? 8.7%.

Not much different from the situation in contractor spending: GFCF evolve for more than five years negatively, in sum to terrifying? 64.5% (in Q 1/2013 last? 11.4 ggu %. Q4/2012). This is a clear indication for the ever more rapidly progressive de-industrialization of the country and not just for a successful reform agenda. Foreign trade, an indication of a country’s competitiveness drops continually, the import collapsed formally; the volume of exports, however, can be described at best as stagnation and a slight tendency to decline after two years to hardest drastic. 38 Per cent decline in real wages after now twelve quarters, where they dropped consecutive are last in Q 1/2013 to 11.2 percent, have not significantly improved the competitive position of Greece. The problems of the country are often home-made: the State quota is still always with over 50 percent is too high, the privatization of State-owned enterprises all Declarations of intent despite still marginal and the necessary reduction of public servants still inadequate.