Essay --

Executive Summary Before adopting the euro as the formalised specie in 2001, Greece was one the stable European economies. The early stages of the currency transition worked very well for Greece. However, the state later fell into fiscal crisis, which has not only affected Greeces government, but similarly the wide-cut European countries and their craft partners, such as the United States. Therefore, the Greece financial crisis has compel a orbicular concern with the United States Congress, making it a consecutive concern brought about by trading partnership, United Banks exposure, and the involvement of the international Monetary Fund institutions. The Greece financial crisis could have been controlled, had it not been for the malicious acts by countries such as Germany and France, which were already using more than the limit at that time. Several nations have both birthed and opposed the financial support towards responding to the Greece financial crisis. Nevertheless, it is clear that withdrawing from the Eurozone or defaulting the debt would have had many devastating cause on the Greece market investors, the European Union, the European telephone exchange Bank, and the European trading partners. The Greek Prime Minister Papandreou has been under great pressure from the opposition, as his parliament passed the austerity measures, which have contradicted his campaign manifesto. However, the search for a haunting solution to help Greece regain its scotch stability have endlessly formed debate agenda in different political and economic platforms in European and global forums1- IntroductionThe Eurozone is facing a severe severing debt crisis. Several member states of the European community have high, potentially unsustainable levels of... ...ded with the correct measures. The debt continued to pile to amounts that Greece could no longer afford to recompense on its own.Several response strategies have been employed to help fix the Greece econom ic conditions to levels before the crises. However, these efforts have only achieved helping the Greece government to revoke the default. These response strategies include Fiscal Consolidation and Economic Reforms in Greece. Banks also aided Greece in getting out of the crises. The European Union Central Bank and the International Monetary Fund gave loans to Greece market investors. The Federal unobtrusiveness (Fed) also supported the response to the crisis through the establishment of temporary reciprocative currency arrangements referred to as swap lines with several central banks in the Eurozone in a bid to increase the liquidity of the dollar in the global economy.