debt affected by this crisis, so this Greek issue was concerned about in this sense. The Greek financial crisis was controlled by Greek government and also European Union. However, the fundamental solution was not done. So, in our report, we will examine closely about the Greek financial crisis- the causes and background, fiscal and monetary policy about the crisis, and the current situations.
I. Environment Analysis
Introduction
Lately, South Korea's cosmetic companies are actively entering Japanese market. In particular, low-priced brand companies entering are remarkable. Continuing the long-term recession, Japanese consumers find inexpensive cosmetics. Through this period, cosmetics of South Korea draw popular through low price and good quality. Celebrity publicity is also inf
lack of budget and need help from the central government.” Why this happening is appeared?
Causes of many local financial crisis are that local government do not endeavor for increase local budget revenue like diverse programs and only expect property tax like house acquisition tax. This tendency was found before 2008 global economic crisis from America sub-prime mortgage. See next article.
Roh Moo Hyun period’s government
Increase in welfare and tried to distribute wealth
Pursued the welfare government based on Keynesian policy
Aimed at rational reform govt, integrated-nation govt, openness govt, and hopeful government
3 main state affairs’ goal: realization of democracy, construction of balanced society, and construction of North East Asian society with peace and prosp