Stop the Cuts and Fund the Reforms

Greece’s economy and society are imploding. GDP has declined by almost 25% since the start of the crisis. Unemployment has tripled and stands at 25%, with youth unemployment twice that. Crime is on the rise and so are racist incidents. Ideologies of the extreme right and left are gaining significant support.

Chania Conclusions on the Crisis

The business of predicting the future course of the present eurozone financial crisis is a risky one, with developments occurring with a frequency and irregularity that leave one constantly uncertain what will happen next. However, sufficient time may have passed to venture a number of tentative predictions as to what the outcome of the crisis will be.