Thursday, August 5, 2010

Financial Crisis in Greece

Greece is now financially crippled. Its national debt is put at €300 billion ($413.6 billion) which is bigger than the country's economy. Greece is badly exposed when the economic downturn struck because of their years of unrestrained spending, cheap lending and failure to implement financial reforms. It was revealed that its debt levels and deficits exceeded limits set by the eurozone.

I read a good article written by abdul rahman el assir which is entitled Greece Teeters in the Heart of Europe and I found the article very informative. He has written quite a number of financial articles that are very interesting. Check his blog and learn more about it.


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