Anatomy of the EU Economic Crisis – Internal Factors that Worsened Greece's Debt Crisis

The Greeks camouflaged the fiscal deficit by borrowing more

. It like acquiring loan to pay for other loans. Instead of using loan money to strengthen its economy, Greece spent them on superficial priorities. Thus, as soon as the first big wave hit, the Greek house went crashing down.

Anatomy of the EU Economic Crisis Internal Factors that Worsened Greece's Debt Crisis

By: Sammi Jonesman

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