The Greek government-debt crisis (also known as the Greek Depression in reference to the Great Depression) is part of the ongoing Eurozone crisis triggered by the arrival of the global economic recession in October 2008, and is believed to have been directly caused by a combination of structural weaknesses of the Greek economy along with a decade long pre-existence of overly high structural deficits and debt-to-GDP levels on public accounts.
In late 2009, fears of a sovereign debt crisis developed among investors concerning Greece's ability to meet its debt obligations, due to a reported strong increase in government debt levels. This led to a crisis of confidence, indicated by a widening of bond yield spreads and the cost of risk insurance on credit default swaps compared to the other countries in the Eurozone, most importantly Germany.
1 disc containing 3 documentaries on this subject, total runtime approx 100 mins
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