1. The Greek Debt Crisis
By 2010, Greece had an excessive debt problem which was overpowering it that there was open speculation it will default. ... The citizens were fed up and voted for a new government. ... The reason behind the creditors insisting on former plans were clear. Other Eurozone countries such as Italy, Portugal, Spain and Ireland have similar type of problem as Greece, but none of them saw their economy collapse as Greece. ... If talks fail to resume, then Greece would be forced to live the Eurozone. ...
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