Bust: Greece, the Euro and the Sovereign Debt Crisis

Bust: Greece, the Euro and the Sovereign Debt Crisis

BUST: GREECE, THE EURO, AND THE SOVEREIGN DEBT CRISISIn 2001, Greece saw its application for membership into the Eurozone accepted, and the country sat down to the greatest free lunch in economic history. However, the coming years of global economic prosperity would lead to unrestrained allocateing, cheap borrowing, and a failure to implement financial reform, leaving the country massively exposed to a financial crisis—which duly struck.In Bust: Greece, the Euro, and the Sovereign Debt Crisis, Bl

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