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Assesing Greece’s Performance in the EMU

Part 1 (maximum 750 words):
Briefly describe the country?s economy.
Also describe the role of the Commission and the Central Bank over the last four years in assessing this member state annually in the EMU. Analyze the member state?s status regarding each of the Stability Pact indicators, especially public deficit and public debt.
Part 2 (maximum 750 words): Analyze two to three sources of EU grants which may contribute to the development of the economy of the member state you have chosen. These may be grants from any current EU Funding policy and they may focus on the development of one or more geographical regions (as defined by the EU) or economic sectors (for example, those emphasized in the Lisbon Criteria). Assess how each funding source could contribute to the economic development and growth of the member state that you have chosen.
The term project aims to assess Learning Outcomes 2, and 4 which are:
2. Identify and explain the mechanisms which support full monetary unification, including the Stability Pact for Growth and the role of the European Central Bank (Knowledge and Understanding).
4. Locate, extract, analyze data from library and other resources in order to analyze and assess EU funding policies (including the Community Support Frameworks and Fourth Funding Period) and their impact on a wide variety of business sectors (Cognitive and Practical).
Please read well the attached instructions document.

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