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The Greek Debt Crisis: The Greek Debt Crisis -80 years ago

“History does not repeat itself, but it often rhymes.” -Mark Twain

The Wall Street financial collapse had a delayed but devastating impact on Greece, toppling her economy and upending the state finances. Desperate to avoid default, the Greek government slashed spending, raised taxes and turned abroad in search of funds, but to no avail.

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  1 reader comment

1. Philip Vorgias
wrote on
April 30, 2012
9:42 AM
Greek politicians have been borrowing and spending money for centuries. They borrow as much as they can and hand the notes to the taxpayers. It has to end.
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