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Friday 10 July 2015


What’s Up With Greece?(Part-2)

“ So initially we were at the Greece budget deficit figures in 2009” she said as soon as she hung up the phone.

I was glad that she was highly keen. “ And this is when the ‘Greek-government debt crisis hit’. [A little fact: It was the first crisis to be added to the list of European debt crisis and also Greece is the first developed country to fail to make a loan repayment to IMF]. ” I replied.

I further continued “ The debt figures are €317 billion with the amount being majorly owed to IMF,ECB and EU.