Greek’s Economic Crisis Impacting the Whole Eurozone

The blog post abdul rahman el assir discusses the causes for Greek’s economic crisis and the impact of this crisis on the country and the other nations of eurozone. Abdul rahman el assir states that tax evasion in Greece is a major problem due to which it could not handle recession. As a result it has become an unstable zone for investment. This translates into an even bigger problem where the citizens of the eurozone nations have to bear the tax burden to compensate the loss their governments faced in an effort to stabilize Greek economy. Moreover, if Greece leaves euro, then the monetary union will fall apart. However, the only positive impact is the reduction of airfares and hotel prices in Greece.