Topics: European Union, United States / Pages: 3 (588 words) / Published: Mar 31st, 2013
Jenya Mavromati

Panayiotis Karafotias


For my paper I decided to write about the ambassadors of Denmark, The United States of America and Uruguay. His Excellency Mr. Tom Norring, the ambassador of Denmark, was one of the ambassador’s to come this semester. He decided to focus his speech not on his country but more on the global financial crisis and how it affected Greek economy. He said that even without the crisis the situation in Greece would have been messy. Despite the fact that Maastricht Treaty allows the GDP deficit in European countries not more than 3% Greece had deficit 6-7%. Ambassador said that in 2006-2007 the government of Kostas Karamanlis managed to restrain the deficit to the acceptable level, but later in 2008 they failed. Karamanlis hoped that he would be reelected and he promised to restrain the deficit, but people lost faith in him. Later George Papandreou revealed the new information about the deficit. The deficit for that time was not 8% but 12%. And thus the rescue program was established by the European Union. So Greece took course to the EU and the IMF. They wanted a hard cash and the EU and IMF tried to help with it. Then the restructuring fund was established. The public expenses had to be cut. As ambassador said “Greece has one of the biggest public administrations” and the cutting of public sector expenses will help to decrease the deficit. He also pointed out that 25% of Greek economy is black economy. The only one thing which he said about his country was that the Denmark is not the part of Eurozone. One of the reasons I enjoyed the speech of Danish ambassador was because he seemed very honest when talking about the topic. When giving his speech, he gave personal examples and continuously referred to the audience.

The second ambassador was the ambassador of Uruguay, his Excellency Mr. Jose Luis Pombo Morales. He decided to focus his speech on his country and its relations with Greece and other European

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