Demystifying Sovereign Debt in Greece: Why It Matters to Us
Greece's fiscal crisis has led to a cycle of government threats of austerity and civil unrest. The crisis also has repercussions for the euro area and possibly the worldwide economy. How did Greece's reliance on sovereign debt put the country in such a difficult position?
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In EconSouth Now, Andrew Flowers of the Atlanta Fed's research department discusses the Greek sovereign debt situation and its potential implications for other European economies, as well as the global economy.