Sep
22
Greece’s ongoing economic turmoil
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Greece is currently suffering from its third year of recession, forcing the country to borrow enormous sums of money from both the European Union and the International Monetary Fund (IMF). This article examines the reasons for the country’s economic failures.
Like many countries before the recession - including the UK and the USA - Greece has been living above its means. The government’s level of debt began to escalate over the years and in 2010 it stood at $300 billion More
