A Case Study On The Formation Mechanism And Governance Mechanism Of The Greek Debt Crisis

In 2009,the Greek debt crisis broke out.After difficult governance,it finally announced its debt crisis on June 22,2018.During this period,Greece experienced economic collapse,mass layoffs,riots,strikes,political turmoil,etc.After accepting the “troika” assistance,the large reduction in fiscal expenditures,and the economic restructuring,it finally came out of the debt crisis.This paper also studies from its outbreak,analyzes the reasons for its outbreak,and analyzes its causes of debt crisis in many aspects,such as the sharp decline of the Greek economy,the single industrial structure and the huge obstacles to the economic development of the welfare system.Both are the reasons for the debt crisis in Greece.The so-called ice of thousands of miles is not a cold day.Then came the analysis of how Greece came out during the debt crisis,from the rescue plan and related agreements proposed by the troika,to the third round of rescue plans and more detailed and demanding rescue requests.In the mud of the debt crisis,Greece not only accepted the help of the "troika" on the shore,but also struggled in the mud and made the greatest efforts to go ashore,and ultimately got what it wanted.Finally,this article also made a brief summary of the Greek debt crisis,and also made some suggestions on how to avoid the Greek debt crisis in China's economic development.China should pay attention to the debt problems of local governments,strengthen the management of the financial system,strengthen the diversified development of the industry,enhance the economic competitiveness of the country,and strive to avoid the "Greek-style" debt crisis.of the reasons for the formation of the Greek debt crisis and the governance process,followed by the revelation of the Greek debt crisis.