Greece's current economic crisis and its impact on trade with the Czech Republic

This bachelor thesis is concerned with problems of economic crisis of Greece a its impacts on trade with Czech Republic. The paper gives summary of development of basic macroeconomic data and studies the causes of origins of the crisis, which be traced back to the 1980's. Special attention is given to longterm indebtedness of the country and sustainability of the debt. Further the paper describes the course of the crisis and analyses the impacts of the economy of Greece and the trade with Czech Republic. It focuses on the most important sectors of economy as industy, transport, tourism and agriculture. The paper provides a list of measures, which were undertaken by Greece and European Union to improve the situation. Among these counts for example reforms, government cuts and financial aid from EU and IMF. Political environment of Greece and problems of grey economy and corruption are discussed. Paper also deals with development of bonds and ratings. In the final chapter the impact of crisis on trade with Czech Republic is evaluated