Question

is the greek debt crisis over ? if so explain in detail.

Answer 1

No, the Greek Debt Crisis has not ended yet because the Greek public is still slashing their spending and the reforming of the economy losses have not taken place due to its corrupt and bureaucratic inefficient government. It has been trying to be a normal country politically and financially. After the three bail-out programs of the IMF, which were totaling around $350 billion, the Greek economy would not able to recover. The primary budget of Greek is now running in a healthy stage through excluding the interest payments on borrowings.