The document summarizes the economic situation in Europe and the banking crisis in Greece. It notes that while the European Commission implemented a recovery plan in 2008, high inflation and unemployment continued to be problems in Europe. Greece in particular struggled, receiving bailout packages of 110 billion euros in 2011 and an additional 28 billion euros in 2012 to address its financial troubles. However, Greek citizens protested austerity measures. The document concludes that for stability, European countries need to support each other through the crisis rather than removing Greece from the euro area, though acknowledging it is a complex situation.

1. THE EUROPEAN ECONOMY AND THE BANKING
CRISIS
MADE BY MICHAEL CLAUS

2. CONTENT
• Situation european economy
• Financial situation of Greece
• Does Europe need help?
• Should Greece leave the euro area?
• Conclusion

3. EUROPEAN ECONOMY
 Situation
 Biggest problem: the inflation rises higher
than the GPD and the unemployment is
falling slowly
 In 2011 : 185000 joblosses
 it reached a peak of 17 million unemployed
people.

4. RECOVERY PLAN
 2008: the European Commission has
presented a plan to recover Europe from the
current economic crisis
 2 elements: measures to rise up the demand
and save jobs and smart investment

5. GREECE
 2011: Rescue package 110 bln euros
 March 2012: extra support of 28 bln euros.
 Greek population: protest against the savings
measures

6. DOES EUROPE NEED HELP?
The crisis has affected the global market
risk that this crisis may spread to other
countries uncertainty in financial markets.
 Without help from other nations this situation
will only get worse.

7. KICK GREECE OUT OF THE EURO AREA? +
CONCLUSION
 NO, the Euro countries have to help each
other if it’s possible.
 We have to be one
 We have to know that it isn’t that easy!

8. THANK YOU FOR LISTENING