Greece running an unsustainable budget deficit

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Greece
The current financial crisis in Greece
Causes of the current financial crisis in Greece?
Greece running an unsustainable budget deficit
Fiscal deficit was 12.7% of GDP in 2009
Greece has lost credibility in eyes of investors
Greece joined the Eurozone before it was ready
Greek economy has become uncompetitive
Greeks were averse to paying taxes.
Statistical shenanigans with the budget deficit
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