Greece's problems explained in 6 charts

James Marlay

Livewire Markets

Bloomberg have compiled a set of six charts to help illustrate some of the key issues facing Greece as they enter negotiations with their creditors. The range of issues covered includes falling Greek GDP, the painful process of devaluation and the imbalances on current accounts between Germany and other member nations. For me the unemployment situations stands out a sad story in the first place and secondly a potentially volatile situation. Bloomberg writes "The end of 2014 brought with it a foreboding sign: the unemployment rate ticking up in the two groups between the ages of 20 to 29. Since the government's public wranglings with creditors, the jobless figures may have risen further, fueling the potential for civil unrest." With Greek ATMs likely to run dry up in the coming days the catalysts for civil unrest would appear to be many. Here is the full set of charts: (VIEW LINK)

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James Marlay
Co Founder
Livewire Markets

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