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Tag: financial markets

The Greek financial crisis is really a simple issue

Posted on July 7, 2015 By benign0 62 Comments on The Greek financial crisis is really a simple issue
The Greek financial crisis is really a simple issue

The financial crisis gripping Greece is really not that complicated. Greece opted to join the Eurozone and replace its local currency, the drachma, with the euro in 2001. Its government then started tapping the Eurozone financial market taking out euro-denominated loans as part of its normal course of doing business. However, underneath all that, Greece’s…

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