Factors contributing to Greece Financial crisis Dissertation

Factors contributing to Greece Financial crisis - Dissertation Example There was a wide margin of money supply circulated in the economy versus the available increases in money supply that remained in banks. Another major discovery was a wide gap between importations and exports. Imports exceeded exports by the billions of dollars each year. Yet the ECB, EU, and IMF did not recommend drastic reduction in the importations. Instead, these financial organizations recommended retrenchments of government employees. The budget defitis could have been drastically reduced by simply cutting down substantial imports of goods that people in Greece can readily produce. But the financial system needs reforms in the sense that entrepreneurs with feasible business projects should be given priority over Investment Banking activities of banks. This dissertation recommends further impartial investigation into the banking operations in terms of the loans or funding of businesses in order to eliminate the public’s doubt over the banking system of withholding substan tial funds from the needed productivity of the country. Retrenchment of employees should be the last option in finding ways to fix the budget deficit annually. At this point in time, excessive importations valued at 200% of all exports, would be the first priority for the cutting of dollar outflows. And the top positive step should be development of probably profitable businesses such as those beind supplied by other countries into Greece. It is not conclusive that the root causes of the Greece financial crisis is overspending of government, overstaffing, and excessive debt servicing. This is because of the lack of transparency of banks in terms of disclosing where the substantial funds were loaned and how much they earned or lost. Table of Contents Introduction A. Overview of the Greece Financial Crisis B. Problem Statement C. Hypothesis D. Research Limitations Aims, Specific Objectives, & Purposes Significance of the Study Literature Review Methodology Findings Discussion & Analys is of Findings Conclusions Recommendations Appendix References Introduction Overview Greece financial crisis as of the present had just experienced a substantial debt default in March 2012 and a redemption from that default through a debt sale via bidding in August 2012. Mead and Paris (2012) reported the successful auction of bonds representing debts to the ECB wherein $ 5 billion was raised â€Å"to redeem â‚ ¬ 3.1 in bonds held by th ECB† (equivalent to less than $ 4 billion). The Bank of Cyprus had been buying Greek bonds for years with undisclosed or mysterious reasons, according to Kambas et. al. (2013). That redemption from debt default is far from solving the many aspects of financial crisis of Greece, which has lasted for over a decade up to the present. This dissertation looks into the many difficult economic situations of Greece – annual budget deficits, heavy indebtedness, very high unemployment rates, low industrial productivity, low consumer confidence , and more – making the country very popular as a poor performer among members of the European Union. Greece Problem Defined What brought about the financial crisis of Greece over the years? How did the nation get to be heavily indebted with nearly half a trillion dollars worth of bonds payable to some countries, mainly France,

A Strategic Plan of the Hong Kong Polytechnic University Essay

A Strategic Plan of the Hong Kong Polytechnic University - Essay Example From the report it is clear that the disadvantages experienced in strategic planning of institutions of higher learning will also be mentioned and analyzed, as they will be relevant in this review. Besides, the pros of strategic planning with reference to the plan of the institution will be discussed in various ways. An overall analysis of how an institution can exhibit the balance between the planning and achieving a sustainable quality improvement will also be done. All these analyses will be specific to the Hong Kong polytechnic university in relation to the learnt concepts, strategic planning, and management. As the study declares strategic planning can be defined as a way in which an organization establishes a way forward for its efficient operations. As such, this should be in a given order depending on the context of application. In this case, the application of the plan is in an institution of higher learning. This document, therefore, is focusing on the ways in which an organization can be managed through strategic planning. An analysis of the model of the plan will be done and views as per other professional suggestions given. The review of the main aims of the institution in general in relation to the arrangement of various departments will also be done. It is certain that the organization of reference here is a perpetual institution. Thus, the strategies put in place to ensure its long term existence and operation in line with the objectives will be looked into.