Greece’s Debt Crisis: Overview, Policy Responses, and Implications

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Series Details August, 2011
Publication Date 18/08/2011
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In some cases hyperlinks allows you to access all versions of a report, including the latest. Note that many reports are periodically updated.The Eurozone is facing a serious sovereign debt crisis. Several Eurozone member countries have high, potentially unsustainable levels of public debt. Three—Greece, Ireland, and Portugal—have borrowed money from other European countries and the International Monetary Fund (IMF) in order to avoid default. With the largest public debt and one of the largest budget deficits in the Eurozone, Greece is at the center of the crisis. The crisis is a continuing interest to Congress due to the strong economic and political ties between the United States and Europe.

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