The Greek economy is plagued by twin deficits (government deficit and current account deficit) and has a debt crisis due to excessive consumption, rising borrowing, and inefficient public administration sector. The country's competitiveness has declined due to real wage appreciation and public sector employment growth, leading to a loss in exports and increase in current account deficit. Additionally, there are issues with tax evasion and corruption, which have contributed to the fiscal imbalance. To address these problems, structural changes must be implemented to promote entrepreneurship, innovation, and export-oriented production.