Q&A: Greece’s financial crisis explained – CNN.com

by Rod Edwards on February 11, 2010

So what’s the problem in Greece?

Years of unrestrained spending, cheap lending and failure to implement financial reforms left Greece badly exposed when the global economic downturn struck. This whisked away a curtain of partly fiddled statistics to reveal debt levels and deficits that exceeded limits set by the eurozone.

via Q&A: Greece’s financial crisis explained – CNN.com.

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