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Debt crisis deepens in Greece and Europe
The piece argues Greece faces a worsening sovereign debt crisis under EU bailouts and austerity. It cites growth collapse after 2007, tax evasion losses exceeding 20 billion dollars annually, misreporting of statistics, and reliance on bailout funds. It warns of a domino effect across Spain Italy Portugal Ireland and the need for swift resolution while criticizing Greek fiscal habits.
MENTIONED IN THIS ARTICLE
Europe
Greece
European Union
George Papandreou
Monetary Union
Canada
Jim Flaherty
Flaherty
Ottawa
Athens
Spain
Portugal
Italy
Ireland