The Greek Deficit and its Agricultural Policies

Could cotton subsidies be responsible for the Greek Deficit? These subsidies were the highlighted downside of the Greek agricultural policy, and impoverished large amounts of the population. This certainly contributed to the deficit and the above average inflation rate in Greece, but it is not the sole problem. Greece will be closely watched by the EU for the next two years as part of a plan to gain a higher growth rate. There is a huge amount of pressure on Greece from the EU to perform, which will help motivate change in Greece. Part of this change will be agricultural reform which certainly improve trade. It will be necessary for Greece to put more funding towards research and development to increases competitiveness and create jobs. Growth is certainly one of the most important issues that should be worked on in order for Greece to recover from their problems.