The cause of the economic crisis, Greece The first cause of The deficit of the public sector by the year 2552, the fiscal deficit of Greece is at 12.7% of GDP, which is higher than the optimum level, the EU set out to about four times the deficits of state governments that deliver results. Greece's public debt soared to 112.6% of GDP in 2552, higher than the level of the European Union set up nearly two-fold.
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