The 2007-2008 financial crisis had been triggered by the default of economies such as Greece on their foreign debt obligations. This was mainly caused by huge deficit spending in years prior. In subsequent years following the crash, unemployment dramatically rose. This led to further brain-drain on the economy as several of its young and skilled workforces looked to other advanced countries within the EU for opportunities. Discuss the link between the country’s debt default, bailouts, and unemployment. Also, comment on the current policy targets and how effective they seem to be. (1000 words)