Posts Tagged ‘debt crisis’

05.03.2013 Post in World Economy

Greece’s debt crisis was among key factors affecting the euro rate for the last 5 years. It is believed that the governmental debt of the Balkan country shot up in 2008 amid global financial meltdown. In 2009 public borrowing totaled 30% of the country’s GDP while the budget deficit reached 13.6% of GDP, record reading… Read more