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The structural weakness in the Greek economy caused by a decade long high budget deficit and high debt to-GDP led to a loss in investors'
The structural weakness in the Greek economy caused by a decade long high budget deficit and high debt to-GDP led to a loss in investors' confidence on Greece's ability to meet its debt obligations since the outbreak of Euro Zone crises in 2009. The Greek economy is officially in a recession with high unemployment, high inflation and low economic growth. The level of debt in Greece is over 100% compared to Australia's net debt of about 13%. What advice would you give to the Greek government to boost their economy and why? Explain.
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