Beautiful Mediterranean beach of Greece (Photo credits SoarLegs) Greece has been in deep water for quite some time, but what is really happening in Greece? Let us take a look in history to determine the cause of Greece's current financial state.
First let us talk about what happened when Greece started using the Euro. The Euro is a shared currency across all countries in the Eurozone: Spain, Germany, France, Italy, Etc. The introduction of the Euro helped the countries using it, reducing trade costs among Eurozone countries and increasing total trade volume. This no doubt helped Greece's economy grow, for a short while. So what happened?
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