Greece Fiscal Policies
Greece is trying to help increase aggregate demand, the government was discussing cutting taxes for businesses. Another item discussed was increasing social spending. Social spending is government funds going to help the population with things such as living conditions, health insurance, etc. This was presented from the government as well. Both of these items are thinking of being implemented because Greece recently started to recover from a decade long debt crisis which happened due to too much government spending. The cutting of taxes for businesses will spur more investments from companies which will increase productivity and help lower unemployment rates in Greece. Which are two large reasons that they had a large economic recession in past years. From 2018-2021 their government debt has increased by 35,000 EUR million. It would make sense for the government to raise taxes instead, however this large increase in debt is probably slowing down Greece's economy and on top of reco...