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.