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Question to ask: How did greece get into this mess?
borrowing continued until 2008 when the world faced the biggest financial crisis ever since the Great Depression in 1929.Borrowing stopped from all countries and Greece was never able to repay debt nor could it pay for the new jobs and social measures that was unwisely created.
How did Greece pay back?
Germany and other countries agreed to help with a bailout meaning that they would pay all of Greece's bills.But only on one condition that the Greeks couldent refuse, Greece would have to agree to severe measures. They would have to cut back on spending and raise taxes and never borrow again so such an incident never happens again.
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