Oana-Marilena, Niculescu - In: Ovidius University Annals, Economic Sciences Series XI (2011) 1, pp. 1526-1531
The purpose of this paper is to analyze the most severe crisis of a eurozone country. After years of overspending, cheap loans and failure of financial reforms, the deficit increased in Greece to 12,7% of GDP and its rating was downgraded to the lowest in the eurozone. As an important part of...