Khan Academy Static

The Greek government incurred debt beyond its means but didn't have control over its own currency to inflate away its obligations. From austerity, to a bailout, to leaving the Eurozone, none of the options looked great. In this tutorial, Sal walks through the situation Greece was in and its options (these videos were made as the crisis was unfolding).

12737_How_and_why_Greece_would_leave_the_Euro_part_3_.html

12736_Greek_financial_crisis_part_2_.html

12735_Greek_debt_recession_and_austerity_part_1_.html

12738_Why_Europe_is_worried_about_Greece.html