Greece – Forever A Loan
You don’t need to be a newspaper-addict to have realized by now that something’s going on – or should I say, going wrong – in the country of Greece. So why should you care about some ancient Mediterranean nation that you last heard of from your history teacher? Why has Greece suddenly become the center of attraction for the global media vultures? Does this money-talk sound all Greek to you? Well, hopefully you’ll feel a bit more enlightened after reading this through. This tragic tale started in 2001, when several European nations agreed to replace their currencies with a new, common currency – the Euro. This group of nations came to be known as the Eurozone and Greece was a part of it. For joining the Eurozone, a country needed to be economically well off. If a country with massive debts would adopt the Euro, then it would negatively affect all the other nations using the Euro. Now, Greece had been spending more money than they could earn (it’s called running a fiscal deficit) a...