History 1807 Lecture 4: Sept 16 2015 Lecture
7 Dec 2015
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Tutorials start 28th - read all the devils are here. What was the cause of the financial crisis of 2008 possible test question. Greek sold bonds to gain money and now threaten to default to bankruptcy, now. Greek has had to turn to germany and other successful countries in order to pay back what they owe under certain conditions, conditions greece does not agree with. This money they gain from germany is used to pay back bonds, often times those bonds are bought by people in other countries such as germany and so they are paying back not their own countries, but foreigners. The borrowed money is being used to pay off debt but not build a stronger, self- sufficient economy. Greek argues they did spend too much money but at the same time they were lent too much to reasonably pay back.
