Tuesday, February 10, 2015

Greece: An Economic Tragedy in Six Charts

by Paolo Mauro and Jan Zilinsky

Peterson Institute for International Economics

February 10, 2015

Greece’s economy has spiraled downward since 2009, at great human cost. A newly elected government headed by Prime Minister Alexis Tsipras is demanding relief from its reform and restructuring program. How did Greece arrive at this situation?

The country’s descent into its difficulties is narrated and visualized through six charts, focusing on the severity of the economic recession and compression of government expenditure, as well as the increase in the public debt and its shift from the hands of the foreign private sector to the foreign official sector.

This video is part of an effort by the Peterson Institute for International Economics to invigorate its dissemination of reliable economic data and analysis to the broad public on important issues of general interest.


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