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The Greek government-debt crisis was the sovereign debt crisis faced by Greece in the aftermath of the financial crisis of — Ocean beach massage Sandefjord a result, the Greek political system has been upended, social exclusion increased, and hundreds of thousands of well-educated Greeks have left the country. The Greek crisis started in latetriggered by the turmoil of the world-wide Great Recessionstructural weaknesses Cost prostitute Arendal the Greek economyand lack of monetary policy flexibility as a member of the Eurozone according to certain arguments [9] [10]. The crisis led to a loss of confidence in the Greek economy, indicated by a widening of bond yield spreads and rising cost of risk insurance on credit default swaps compared to the other Eurozone countriesparticularly Germany. After a popular referendum which rejected further austerity measures required for the third bailout, and after closure of banks across the country which lasted for several weekson June 30,Greece became the first developed country to fail to make an IMF loan repayment on time [16] payment was made with a day Cost prostitute Arendal [17] [18]. Greece, Cots other European nations, prostitufe faced debt crises in the 19th centuryas well as a similar crisis in during the Great Depression.

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