Greece financial crisis simplified !
Greece has been basically spending money it doesn't have, and that for years........ There was a time when the Global economy was in a better state, so different governments of Greece took advantage and burrowed a lot of money to finance prestige projects like the Olympic 2004 and/or raising wages of public servants to raise the standards of living and expanding its middle class…As a result Greece continuously built up a bigger and bigger deficit. The definition of deficit is…The difference between the amount a country brings in with/through Tax and what it spends. This method, caused Greece to enjoy a so called “boom” for years, not forgetting the highly successful and expensive Olympics that supplemented a domestic impression of stability and well being…. But it wasn’t long before the Global economy started to stumble, Greece started to stumble too. Banks that lent the money started to declassify Greece as a country with financial management problems….....argume...