The Greek Crisis Explained in Under 3 Minutes
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Greece has been in trouble for years. It started in late 2009, triggering a recession in the Greek economy which resulted in unemployment, bailouts, protests and changes of government. But, do you know why? And how did they get into that mess? This video will explain what happened.
The major factors that led to the present Greek Debt Crisis could be attributed to excess borrowing, premature entry to single currency, high interest rates or other factors. According to the video, discuss which one is the most significant and why.
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