Presentation on Grexit - tips!?

Dunney77

Hi all,

I have been tasked with giving a 10-minute presentation at work on the topic "Is Grexit the better option?".

I thought I would gather some thoughts from people on this forum who have obviously paid attention over the last few months.

I personally have gone for this structure:

1. Grexit: An update
2. Better for who?
3. The arguments for Grexit
4. The rebuttals to the naysayers.
5. Third time lucky?
6. Conclusion
7. Questions

I believe Grexit isn't the best option as, amongst many other reasons (e.g. a devalued reintroduced drachma not useful for an import-dependant economy), stormclouds are gathering and Europe needs to stay united.

Any advice would be great!

ChesterDog

2. Better for whom?

Radiantsoul

Who are you presenting to?

Archi_Bald

What is the objective of the presentation?

Dunney77

Appraisal related to some lawyers.

More so how I structure and argue than solving the enigma of Greece.

Mirno

Ultimately Greece faces two solutions to it's problems:
#1 A (hopefully) short shock
#2 A long slow (hopefully) recovery

If they leave the currency bad things will happen, and they'll happen to the poorest.
- Anything not locally produced will go up in cost
- Nobody will trade with them on credit so supplies (in the very short term certainly - easing off the longer it goes on) will dry up for some goods too.
- Panic may dent their tourist industry, which is a significant part of their economy.

If they don't leave:
- They have to abide by the terms of this bailout, and it's onerous!
--- This may reduce options for dealing with political issues
--- It will be a bloody nose to the Greeks, and Greek pride
--- It may be a cause of political instability
- The terms mean they will repay the debt, and it will take a long time.
- They need to raise the GDP per capita (Greeks are the least productive individuals on average in the EU, and this is ultimately half of the cause of their issues).
--- This will mean social upheaval - pension and tax reforms.

The choices are stark, and which is better depends a lot on to whom you're asking. If they don't leave now, it doesn't mean they'll fulfil their obligations and could leave later. If they do leave now they could suffer a lot.
Rocks and hard places...

Mirno

Paplow

It seems for now greexit is not even an option already

kidmugsy

Dunney77 wrote: »

1. Grexit: An update
2. Better for who?
3. The arguments for Grexit
4. The rebuttals to the naysayers.
5. Third time lucky?
6. Conclusion
7. Questions

Forgive my bluntness, but witter about "stormclouds are gathering" and "Europe needs to stay united" surely won't impress anyone worth impressing.

Why not put the argument that Grexit is a much inferior resolution to the problem than German exit would be? The latter would solve the problems of Greece, Cyprus, Italy, Spain, Portugal, and France too.

Archi_Bald

Dunney77 wrote: »

Appraisal related to some lawyers.

Not sure I understand what you are saying. If the presentation is to some lawyers that will be responsible for your appraisal and/or career progression, you could shoot yourself in the foot if you argue a case that one or more of them strongly oppose. Do you know what their opinions on the matter are?

Do you have the option to select a subject that offers less room for controversy, and that you are an expert in?

Of course I might misunderstand the objective of the presentation.

Dunney77

Apologies, I typed that in a rush and just noticed the error.

It's for a trainee lawyer role.

Obviously they aren't expecting me to solve it but they want to see how I structure an argument and defend it. Doubt I would win any marks for just repeating the arguments.

Can you elaborate further on the Germany solution?