Greece debt Crisis & Its Impact on World Order
It is simple to get into a debt loop when one spends more than the earnings and same has happened with countries like Greece, Italy and Spain etc.
Now only worry is that USA has to control its expenses else in no time it can be also printing worthless dollars. Hope some good sense prevails in US.
Please go through below related posts links to get to know the full state of debt crisis prevailing on the world markets.
Please have a look at the below screenshot to understand the state of Greek debt crisis and the amount of loan on the head of each citizen of the nation.