Greek Debt Following the Olympic Games

ôMacroeconomics is the study of the aggregate moods of the economy, with specific focus on problems associated with those moods(the problems of growth, business cycles, unemployment, and inflationö (Colander, 2004, p. 132). With these facts in mind, the article ôGreek Debt Spirals after Olympicsö provides an interesting example of how the macroeconomics surrounding an event can affect the economy of a nation, and by extension, of organizations involved in that event.

The 2004 Olympics in Athens, Greece afforded that nation an opportunity to enhance its economic position in several ways. The renovations and updating that occur prior to an Olympic event add value to the property `nd image of the area, the revenues generated by the event fill its coffers, and the prestige of hosting a

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