Aguirre, Gallagher, Garcia, Qian 1

Southwest Career and Tech Academy

Analysis of Greece

By

Aguirre, Mariela
Gallagher, Evan
Garcia, John
Qian, Elaine

World History H P. 3
Ms.Boivie
05/16/13

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Greece has always been a well off country, but during the Summit, we had been able to
obtain improvement, in areas that we were insufficient in managing. One issue that has caused
Greece the most stress would be our debt. Greece had obtained over 360 billion euros
(democracy.info) and has not been able to settle the amount. During the Summit, we were able
to plan out strategies to improve our nation and lessen the burden of our loan. We were able to
make decisive trading alliances lowering the cost that we needed to pay, we were able to get
loans to support our country's needs, and we were able to buy long term development projects
to better our economy and living conditions for the people of Greece. -Elaine Q.
At the beginning of the summit, we had a plan to get our country the five financial cards
that we needed, to solve the debt that we are in. To get all of the financial card, we had to group
up with a country that had enough. We made an alliance with Ireland. They had three financial
cards (IES Profile). We also had to give away all our foreign aid money and get all of the 26
resources that we needed to import and export. We made alliances with many division 1 and 3
countries so we could obtain what we needed. When we took out the loan, we noticed that we
wasted a huge amount of money and had to gain it back. Since we had a large amount of
tourism card, we had decided to sell them for welcos and lescos. Near the end of the summit,
we had 24 out of 26 import/export cards, 3 out of 3 vouchers, and some extra cash. With the
extra cash, we bought the two import/export cards we needed. The money that we had left was
to pay the tariffs that we owed for trading with our non-allies. At the end of the summit, we had
everything we needed except for the fifth financial card and military card, which were replaced
by other imports/exports. - Mariela A.
To better our living conditions and economy in Greece we had made a decisive strategic plan for
us to obtain the goal we had set upon ourselves. Unfortunately, we had met an obstacle many
countries were also facing. We had chosen some of the hardest imports that were in the
categories. For example, we had chosen financial aid as a big import without knowing that
financial aid were scarce unlike some of the other imports. Luckily we were able to obtain most

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of the imports that we listed. We had plenty of cash because we were a division one country, but
it did not mean we could spend our money freely. We had to make sure to bargain our moneys
worth when we decided to trade with another country using cash instead of our exports. We had
used our money to the extent. With it, we had bought many of the imports we needed, bought
two long term development, and supported us in paying the loan we had borrowed in the
beginning of the Summit. The long term development projects that we bought, which included
health care and transparent and accountable governance, can help our country in the long run.
While health care in Greece is considered one of the best there are still a shortage of hospitals
in certain areas that prevents it from being able to fully benefit its people
(allianzworldwidecare.com). Also the investment in transparent and accountable governance will
help our countrys accountability and allow our people and other countries be able to rely on us
(democracyweb.org). -Elaine Q.

In Greece, the living conditions are average at best. An average person earns roughly
$22,134 a year (oecdbetterlifeindex.org). With that in mind, the economy of Greece is in a
recession. Over the past couple of years the country of Greece has borrowed money from
Europe primarily (demonocracy.info) to help with their financial needs. As for international trade,
the balance of trade for Greece is off by billions of euros. Taking in more imports than exports,
for example in 1998 (in US dollars) $12.4 billion were by exports and $27.7 were by imports
creating $15.3 in debt (nationsencyclopedia.com). Primary exports of Greece are food and
beverages, chemicals, and textiles to name a few, major imports are machinery, transport
equipment, and fuel (economywatch.com). -John G.
Despite troubles we as a country may be facing the future of Greece looks bright thanks
to the events at the summit. We will be able to pull ourselves out of the financial crisis we have
been suffering through thanks to the large amount of financial and business service imports we
have acquired. Also we will be able to now emerge as a technological power in the world thanks

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to imports in science and technology. Along with that we will be able to maintain our living
standards due to generous amounts of imports from other categories we have brought in as
well. That, coupled with our long term development projects that will help us increase the
standard of living through health care and our governments liability with transparent and
accountable governance, will help us transform into a world leader with other countries such as
the US and China.- Evan G.
Greece was well benefitted for its future with our accomplishments at the Summit. The
purchases of the two long-term development projects will benefit us in many ways. The trading
session also helped us tremendously. Altogether we have improved Greece to better help them
in the future and hopefully all of Europe for a thriving continent. -John G.

Works Cited
Accountability and Transparency: Essential Principles - Democracy Web. N.p.,

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n.d. Web. 16 May 2013.

"European Debt Crisis: Greece Debt: Who Loaned the Money?" Demonocracy.info. N.p., n.d.
Web. 16 May 2013.

"Encyclopedia of the Nations." Greece International Trade, Information about

International Trade in Greece. N.p., n.d. Web. 16 May 2013.
"Economy Watch - Follow The Money." Greece Trade, Exports and Imports. N.p.,
n.d.

Web. 16 May 2013.

"Greece." OECD Better Life Index. N.p., n.d. Web. 16 May 2013.
Healthcare in Greece - Allianz Worldwide Care. N.p., n.d. Web. 16 May 2013.