Sunday, 18 September 2011

Lesson from the Greek Debt Crisis

The debt problems of Greece continue to get worse as the European Union desperately searches for a solution to keep the nation from defaulting. The most likely scenario is to keep giving Greece more money to pay its bills. The situation the E.U. finds itself in could have been avoided if they had done a few things.
  • Investigated Greece's finances more closely from the beginning. 
  • Not given Greece a second bailout.
  • Forced the country to take even more drastic steps to cuts costs. (Something they can still do).
In my opinion there are many lessons we can learn from the Greece crisis when it comes to our own finances.

Read more in my blog at www.RateSupermarket.ca.

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