DodgyDog - Economics

Greece seems sort of fixed. At least for now. 

After a July 5 referendum last year that saw Greek citizens vote against Greece's latest bailout, the Greek government struck basically the same deal with its creditors anyway.

This is what Europe wanted, what markets wanted, and this deal avoided a worst-case scenario that would've seen Greece potentially pushed out of the euro currency union

But the real drama surrounding Greece, the long-term, existential drama, is that Greece has tons of debt outstanding and it seems like it's going to be very hard for Greece to pay all of it back, on time or otherwise.

Since 2009, the Eurozone crisis has resulted in severe economic turmoil in the region. Analysts blame growing debts in European countries for triggering one of the worst economic crises of recent years. While more time is needed to improve the situation, certain trends are pointing to signs of improvement as illustrated by the following:

• Inflation has been steadily decreasing to a 5.5 year low.
• Small and medium enterprises (SMES) are now accounting for 2/3 of employment across Europe.

The pace of economic recovery is slow, but steady. Yet, the biggest concerns include employment opportunities and income generation. While there have been slight improvements in the economic health of the Eurozone, there is still a lot of work to be done to reach pre-2009 levels. Here are some of the specific trends that are impacting growth.