Greek Exports

Discussion in 'Economics' started by morganist, Jun 5, 2010.

  1. I don't know what to make of this data.

    Greece joined the Euro in 2002 and the next year Greek exports fell to almost a third. This makes me think the higher price of the Euro in comparison to the Drachma decline external demand pressure.

    However it recovered quickly to have better exports a year or two later. Is this down to back hand EU internal demand pushing demand for Greek goods up or is it legitimate growth.

    It is as if the EU put artificial demand to compensate for the loss or the Greek market took time to adjust to the Euro.