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Greek Economy: Deficit, Debt and Austerity

A-Level, IB
AQA, Edexcel, OCR, IB, Eduqas, WJEC

Last updated 21 Mar 2021

The 3rd in our series of 5 short videos on Greece looks at the scale of the public debt crisis facing Greece and the challenges faced by the imposed fiscal austerity from the Troika.

The IMF argues that Greece cannot grow her way out of the debt problem and that some form of debt relief is now inevitable. Other creditors disagree.

Greek Economy - Deficit, Debt and Austerity

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