European Union Greece Financial Problems
Posted in EU Info on 10/06/2010 11:23 pm by admin
Greece in favor of EU treaty change
Greece yesterday joined the group of countries that is in favor of rewriting the European Union’s central treaty so a permanent mechanism can be set up to support member states that run into serious financial problems.
Krugman: ‘Eurozone Has Big, Big Problems’ as Greek Debt Crisis Comes to a Head
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Bust: Greece, the Euro and the Sovereign Debt Crisis (Bloomberg (UK)) $15.31 In 2001, Greece saw its application for membership into the Eurozone accepted, and the country sat down to the greatest free lunch in economic history. However, the coming years of global economic prosperity would lead to unrestrained spending, cheap borrowing, and a failure to implement financial reform, leaving the country massively exposed to a financial crisis—which duly struck. In Bu… |