The Economic Crisis in Greece and Cyprus. A Comparative Study


Published: Dec 29, 2021
Keywords:
Economy Greece Cyprus European Union GDP Unemployment Revenue Expenses Interest Rate Balance
Georgios Maris
Stamatia Maloina
Abstract

This article presents and compares economic data of Greece and Cyprus during the last decade. An analysis and evaluation is made not only of the economic negotiations but also of the financial statements that took place and affected the national economies of the two countries. The main conclusion of this study is that the economic crisis that hit the two countries during decade has different causes but similar effects in key political and economic sectors of each country.

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Author Biographies
Georgios Maris, Department of Mediterranean Studies, University of the Aegean, Greece
Assistant Professor, Department of Mediterranean Studies, University of the Aegean, Greece
Stamatia Maloina, Department of Mediterranean Studies, University of the Aegean, Greece
PhD Candidate, Department of Mediterranean Studies, University of the Aegean, Greece
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