Greek Debt Crisis and its Impact on the World Economy
Singh, Ankit / Dube, Aadya / Yadav, Manish
The Greek debt crisis is claimed to be the aftermath of the 2008 financial crisis of USA. Greece's economy has been in crisis since 2009. While concerns have focused on the sustainability of the government's debt, the crisis has also resulted in a general collapse of the Greek economy. Greece's debt level has increased from 103% of GDP to over 170% of GDP, its economy has contracted by 25%, unemployment has tripled to 25%, and the Greek bankin...