European economic crisis is the crisis that occurred in Europe. When the 2009 with the country Greece as the beginning of the crisis, and a major reason comes from the high public debt in proportion to. Has a debt per GDP Nations (Gross Debt to GDP Ratio) of approximately over 100% in 2009 as a result of the loan to offset the budget deficit of the Government. By the beginning of the crisis has been forming since the economic system reform in 2002 and Greece announced the cancellation of the original use of a currency the euro currency of the European Union, instead of the group. As a result, the reliability of the country better able to loan. Therefore, during the past, the Government is borrowing money to spend on various matters, including the Athens Olympic Sports Festival held in 2004 that Greece host.
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