Greece, the Country in the Eye of the Storm
GBM 489

Greece, the Country in the Eye of the Storm
Turmoil, riots, corruptions, dishonesty, poverty, hunger, disasters is just a taste of each country is experiencing during this economic crisis. Greece is the eye of the storm amidst the hurricane of the world. The following pages will provide insight into the storm of Greece’s debt, the assistance of the global organizations, structural reforms, policies, and suggestions in implementing a business plan.
Greece s’ Debt
Greece’s Debt problems consist of a variety of mistakes and issues including profligate spending, corruption, overpaid positions, tax evasion, and large pensions, etc. One rule when joining the European Union (EU) is an understanding each country is to keep the country’s budget deficit within 3% of GDP. Later, after Greece joined the EU its budget deficit was actually around 13% (Lemco, 2010). Greece tried to handle its debt issues until the EU decided further action needed to be taken.
The Eye of the Storm
According to the McGraw-Hill Dictionary of American Idioms and Phrasal Verbs, the eye of the storm has two definitions a literal and figurative. The literal definition states the eye of the storm is the area of calm in the center of a tornado, hurricane, or cyclone. The figurative definition states the eye of the storm is a temporary peaceful time amidst more trouble and strife yet to come (Spears, 2007). Either definition provides a great description of why Greece is called the Eye of the Storm. The figurative definition fits Greece better because Greece is temporarily in a peaceful time amidst the global crisis but there is definitely trouble and more strife yet to come. Although Greece is experiencing riots and upheaval the country truly has not reached the point where the damage will be most devastating.
Greece has not directly been scathed