| From Themoscowtimes.com: Greece has been causing a major headache for the world’s economists during the past two months. That country’s debt totals 113 percent of its gross domestic product (not a world record, but very high), and it has at least a 13 percent budget deficit.
There are three ways to finance such a deficit: increase budget income (the government doesn’t know how to do this), significantly reduce spending (which is politically impossible) or borrow money on the market (where there are few interested parties, even among those European Union partners who promised to help bail out the country).........................................Full Article: Source
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