Article Analysis Paper Essay Example | Topics and Well Written Essays - 750 words

Article Analysis Paper - Essay Example This followed the return from Greek securities that totals up to 33% in the year until recently, making it the most among sovereign markets that are tracked by Bloomberg indexes. The fact that private investors would be up and running in order to purchase medium-term Greek notes at 4.75% yield is a clear indication of the desperation attempts to overcome their economic fiasco. The Greece financial crisis therefore dates back to four years ago when that began to seek assistance from the international monetary fund and the European Union for funds. The Thursday bomb explosion is evidence that people are not happy with the current economic situation in Greece. The fact that the big bond was offered since the sovereign debt four years ago does not imply that the economy will be brought back on its feet and on time. It indicates that the decision does not serve to address the situation on anonymous grounds which breeds grounds for conflict. The group believes that the move by the Greece government is a cosmetic step that is meant to dodge the real issues facing the Greece economy. The real issue at hand should be how the euro can be used to rebuild the economy without accumulating additional debt. Strategies that have been put in place to bail out the Greece economy may not give immediate results owing to the nature of the results expected. The bailout program which entails an 8.3 billion euro- aid payment makes it the first bailout program me since the last December. This follows projection that the Greek economy is expected to expand by an average of 0.6% in 2014 following six years of contraction has cost the economy approximately a quarter of its budget thereby leading to the rise in unemployment rate. Bidding of security bonds in the foreign exchange market has also propelled the loss of jobs in the country. It comes with an increase in taxes which results into inflation from