Wednesday, December 7, 2011
Modern Day Greece
The Greek economy was one of the fastest growing in the Europe from 2000 to 2007, but since late 2009 Greece has been developing a economic debt crisis. Fears of a sovereign debt crisis, where the government is able to pay back its debt in full, and the people of Greece, such as investors, were lost of confidence in the government. As of 2010, Greece's National Debt was at €300 Billion, and is still on the rise.
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What do you think the problem is for Greek's major economy problem is? It's interesting that they could have such a downfall. I know America's debt is 14 trillion, but does greek have a higher debt per person then the U.S.?
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