Greece and the impending worldwide crisis of government debt
- Published in Politics
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The debt crisis in Greece is ample proof that the world is still reeling from the global financial crisis that occurred in the aftermath of Lehman Brothers' collapse in September 2008. Initially only a handful of governments like Pakistan, Ukraine, Iceland and some Eastern European were affected by the credit crunch. These countries had to borrow money to meet their debt obligations and ensure fiscal stability. But now, the crisis…
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