Anatomy of the EU Economic Crisis - The Greek Economy From Annexation Up to the Crash Point

Foreign debt is denominated in U.S

Foreign debt is denominated in U.S. Dollars. Hence if the euro weakens, it would require Greece to allocate more Euros every year for debt servicing. However, Greece is so broke that it cannot spare even a single cent anymore. The credit collectors stormed her, and she panicked by cheating on accounting reports, only to admit defeat in the end, and ask for a lifeline from the rest of the cheerleading team.

Anatomy of the EU Economic Crisis - The Greek Economy From Annexation Up to the Crash Point

By: Sammi Jonesman

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