Now that Greece overwhelmingly has voted ‘no’ in its referendum, the EU begins to ponder what life will be like without the island nation.
There are a number of things that will change for the EU should Greece exit. WP looks at the top 10 things our readers might not be aware of.
The EU’s economy would lose just 1.8 per cent of its economic output and on GDP per capita basis it would actually increase 1.5 percent. From an economic standpoint the EU has absolutely nothing to lose.
Government debt in the EU would drop by 3.4 per cent but private debt just 0.9 per cent suggesting that the problem in Greece isn’t the people but those in power.
Losing Greece would not only drop the population in the EU by 3.2 per cent but would also lower the average age by almost three years to 39.6.
In terms of military spending very little will change with Greece leaving the EU. The seventh biggest military spender per capita out of 19 nations, the EU’s military spending per capita would have been 0.4 per cent higher in 2014.
For salad fans this next stat is probably the biggest hit to the EU. If Greece leaves the EU will lose one-quarter of its olive oil production.
Religion in the EU won’t be quite as diverse should Greece leave with 84 per cent of its Orthodox Christians leaving the flock.
The state of marriage wouldn’t get much better with Greece out of the EU. Post-exit the Eurozone would have 4 per cent fewer weddings and just 2 per cent fewer divorces.
In terms of geography the EU would be 4.6 per cent smaller but more importantly, because Greece is a nation of 2,000 islands, the total coastline would be reduced almost one-third.
With Greece out of the EU, the loss of Mount Olympus would reduce the average elevation by 157 metres.
Greece’s departure would improve the health of those remaining in the EU. Why? Greece has the second highest percentage of smokers 15 and older with only Austria having more. With Greece out the EU will have almost five per cent fewer smokers.
The EU’s economy would lose just 1.8 per cent of its economic output and on GDP per capita basis it would actually increase 1.5 percent. From an economic standpoint the EU has absolutely nothing to lose.
Government debt in the EU would drop by 3.4 per cent but private debt just 0.9 per cent suggesting that the problem in Greece isn’t the people but those in power.
Losing Greece would not only drop the population in the EU by 3.2 per cent but would also lower the average age by almost three years to 39.6.
In terms of military spending very little will change with Greece leaving the EU. The seventh biggest military spender per capita out of 19 nations, the EU’s military spending per capita would have been 0.4 per cent higher in 2014.
For salad fans this next stat is probably the biggest hit to the EU. If Greece leaves the EU will lose one-quarter of its olive oil production.
Religion in the EU won’t be quite as diverse should Greece leave with 84 per cent of its Orthodox Christians leaving the flock.
The state of marriage wouldn’t get much better with Greece out of the EU. Post-exit the Eurozone would have 4 per cent fewer weddings and just 2 per cent fewer divorces.
In terms of geography the EU would be 4.6 per cent smaller but more importantly, because Greece is a nation of 2,000 islands, the total coastline would be reduced almost one-third.
With Greece out of the EU, the loss of Mount Olympus would reduce the average elevation by 157 metres.
Greece’s departure would improve the health of those remaining in the EU. Why? Greece has the second highest percentage of smokers 15 and older with only Austria having more. With Greece out the EU will have almost five per cent fewer smokers.
