How Did Greek Football Affect The Country

(L.E) There’s many sports to choose from, in all different types of countries. The great part about it is that within the countries they all have their own way of culturally making the sport unique. The sport we chose to talk about is soccer in Greece. However, like many other foreign countries they call it football. As we all know Greece is not big with their sports, but they still have it, and many people continue to participate in this sport. They also have their problems with government funding, and keeping some of the football clubs. Greek football started in 1866. The first match ever played was on January 29th, 1866 in the Island Of Corfu. In one of the articles I read said, “The story goes that the officers of a British warship, which
It was because of the destruction of Asia Minor by the Turks in 1922. This destruction lead to an evacuation to the mainland. These refugees brought all their customs, cultures, way of living, and love for sport over to the mainland. These refugees built their own clubs, and there was one in almost every city because of these refugees.( L.E) (E.R) Greek football was hit hard by the nation's economic crisis. This crisis has a terrible impact on the financial health of Greek football clubs. In the article it states that “Greek football is facing its worst crisis in decades”. The Greek club is having trouble in competing due to this crisis. Some of the foreign players are scared of their devaluation in their contracts. If Greek were to leave the eurozone it will have to go back to the Drachma currency. (E.R) If they were to go back to drachma currency there will be an automatic devaluation to the contracts of the foreign players. Some of the players are telling their clubs to insert a clause in their contracts. By doing that it guarantees their payment in euros. Due to the crisis the Greek Champions Olympiakos tickets are 50 percent off. The future of Greek football greatly depends on the future of the
A meeting between 19 finance ministers was put up on a Monday in May. They had the meeting and still failed to find a way to pay off the debt. They are hoping to find an agreement or plan by the next meeting on June 15. The EU will have to give out a fourth loan for Greece but they know that with this new loan they will never be able to pay off the debt.
The EU did agree back in 2015 to give Greece 86bn as a rescue package to save Greece from crashing out of the eurozone. This was their third loan to save Greece. There was a slight way out of this when the Greek government added extra pension cuts and increased its taxes. But there was conflict between some creditors. Other countries don´t want to help out Greece unless they know that the IMF will agree to help out with the bailout. Countries think the IMF will rig the system and think the EU will be soft of