Time Is Running Out for a Low-Cost European Vacation
Text reads: "The greek debt crisis explained: the greek debt crisis is the dangerous amount of sovereign debt greece owed the EU between 2008 and 2018. In 2010, greece said it might default on its debt, which would threaten the viability of the eurozone. To avoid this, the EU lent greece enough to continue making payments. Germany and its bankers were the biggest lenders, and championed austerity measures including: improving how greece handled public finances; modernizing how greece determined their financial stats and reporting; reforming greece's pension system. Results are mixed—2017: greece ran a budget surplus of 0.8%; economy grew 1.4%; unemployment sat at 22%; one third of greece's population lived below the poverty line; debt-GDP ratio=182%"
Understand the Greek Debt Crisis in 5 Minutes

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