research and please explain and write the definitions of the following terms:

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1.Greek economy 









Please provide the definition and also explain it so ill be able to understand what it means :) thankyou.

Feb 20th, 2015

  1. Greek economy - The Greeks did not have the same idea of an economy that we have. The word

    "Economy" is Greek, but to the Greeks it meant something like "rules of a household" (the "eco" part of economy is from the Greek word for house, "oikos", and the "nomy" part is from their word for law). Because they did not think about the economy as a whole, it is hard to talk of a government economic policy.

2. Syriza - is a Greek political party formed of a coalition of hundreds of far-left groups. Its name is an acronym of its full title: Coalition of the Radical Left

3. Eurozona - The European debt crisis (often also referred to as the Eurozone crisis or the European sovereign debt crisis) is an ongoing multi-year long debt crisis taking place in a handful of eurozone member states since end of 2009.

4. Debt- something, typically money, that is owed or due

5. IMF- 'International Monetary Fund - IMF' an international organization created for the purpose of: 1. Promoting global monetary and exchange stability.

6. Troika- a Russian vehicle pulled by a team of three horses abreast

7. Podemos- prevent (used in Spanish); we can (used in Portuguese Spanish); can (used in Portuguese Spanish)

8. Grexit- This term refers to the possibility of Greece leaving the eurozone. Grexit combines the words 'Greek' and 'exit'.

9. Globalization- is the tendency of businesses, technologies, or philosophies to spread throughout the world, or the process of making this happen. The global economy is sometimes referred to as a globality, characterized as a totally interconnected marketplace, unhampered by time zones or national boundaries.

Feb 20th, 2015

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