The Process of Reconstructing The Economy

Last time I chose the article about the Greek economy from BBC News and this time I would like to introduce the same topic from a different source. I read this editorial on the Economist.

Short Summary

It can be said that the view of the Economist against the Greek economy is quite similar with that of BBC News. For example, both of them emphasized the fact that the process of reconstructing the economy will take more time than it used to be expected.  Then, both articles point out that this fact concerns other European countries and these countries request Greece to expedite economic reconstruction process. It is also same to consider privatisations as optimal solutions for expediting the process. This article introduces interesting ideas such as the “Vienna initiative” and “reprofiling,” it suggests that it is very difficult to improve the Greek economy with a sentence such as ” it would do nothing to reduce Greece’s debt burden and would hugely difficult to co-ordinate.”.

Opinion

The article from BBC News has various kinds of information such as the Prime Minister’s opinion and the voice from citizen, and these factors make the article interesting. However, I think that the article from the Economist is much easy to understand because of the examples such as a specific percentage of the Greek debt rating and the table of options. It also refers to the fact that the rating of the Greek debt was decreased by another three ranks and this will cause Greece to be unable to borrow another debt next year. That is a logical explanation why ranking down becomes a problem.

This time, I tried to use “refer” “process” “seem” in order to make sure that I actually have understood them or not. Although it seems a long way to understand how to make correct sentences, I would like to improve my English bit by bit.