Debt Crisis In Greece
October 25th, 2008 | 
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60 Minutes – An Imperfect Union $17.95 Airdate: 4/8/12 Ten European countries are in a recession. In order to avoid default, three have needed bailouts from the European Union and the IMF, and more might be necessary. What’s at stake? A lot, including the future of the currency, the Euro, and the health of the United States’s largest trading partner. Steve Kroft reports on the European debt crisis, including how the austerity measures … |
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Bust: Greece, the Euro and the Sovereign Debt Crisis (Bloomberg (UK)) $15.31 In 2001, Greece saw its application for membership into the Eurozone accepted, and the country sat down to the greatest free lunch in economic history. However, the coming years of global economic prosperity would lead to unrestrained spending, cheap borrowing, and a failure to implement financial reform, leaving the country massively exposed to a financial crisis—which duly struck. In Bu… |
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