Health effects of financial crisis: omens of a Greek tragedy. Greece has been affected more by the financial turmoil beginning in 2007 than any other European country. 15 years of consecutive growth in the Greek economy have reversed.
In adults, unemployment has risen from 6·6% in May, 2008, to 16·6% in May, 2011 (youth unemployment rose from 18·6% to 40·1%),1 as debt grew between 2007 and 2010 from 105·4% to 142·8% of gross domestic product (GDP; €239·4 billion to €328·6 billion) compared with the average change in the EU-15 (the 15 countries that were EU members before May 1, 2004) from 66·2% to 85·1% of GDP in this same period (€6·0 trillion to €7·8 trillion).2 Greece's options were limited, since its Government ruled out leaving the Euro, precluding them from one of the most common solutions in such circumstances: devaluation. To finance its debts, Greece had to borrow €110 billion from the International Monetary Fund and Eurozone partners, under strict conditions that included drastic curtailing of government spending. 95% CIs presented. Poland and the future of the European Union. The euro crisis: Rule by technocracy.
Europe and it's currency.