The initial rumblings of the Greek debt crisis kicked off in late 2009 as fears heightened amongst investors concerning the countries ability to meet its debt obligations. Although as the S&P timeline below will suggest, it all actually started the day Greece joined the Eurozone. Fast forward to 2015 and the rest is history. GDP last year was at the same level as that in 2003 of around $198 billion, while debt almost doubled to $361 billon in the same period. Simple mathematics will highlight the problem and the conundrum for investors: the only way for Greece to pay back the money and for everything to balance out, someone is going to have to give more they than will get. – Stuart Lowman
Source
S&P
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