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the 2008 banking crisis caused credit to dry up, this caused a rise in debt costs which caused attention to focus on the greek economy which caused the fraud th
by sgt101 8y ago
the 2008 banking crisis caused credit to dry up, this caused a rise in debt costs which caused attention to focus on the greek economy which caused the fraud that allowed eurozone admission to become widely known which destroyed confidence in the greek administration which then turned to Europe who didn't help which destroyed confidence further.
- namdnay 8y agoExactly - the crisis exposed the fundamental issues in Greece. It didn't create them, though of course it made things worse (as for pretty much every country in the developed world)