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Related concepts:
Fiscal austerity
Unemployment
GDP
Globalization
Fiscal austerity
Unemployment
GDP
Globalization
The left-wing party Syriza just won in the election in Greece. This will be making huge difference towards the Greece economy. They promised to write off most of the debt which is a colossal 175% of its GDP and stop the austerity measures, which will bring great impact to the whole eurozone. However, Greece is facing a 25% of unemployment rate, youth unemployment almost 50% and 25% of economic shrink currently. The worsening economic situation under austerity measures may be leading the voters towards the left-wing party so as to fight for better lives.
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