It is the sovereign debt crisis faced by the Greek government followed by severe

Question

It is the sovereign debt crisis faced by the Greek government followed by severe financial crisis of 2007-08. The major cause of downfall was Greek government had undercounted many revelations and previous debt levels. In 2001 euro reduced their trade cost which results in drastic in crease in trade among Eurozone countries and increases in labor cost. Some of th major reasons which resultes in the downfall was

Thus a few learnings from the situation of Greek towards other countries are always have proper analysis anf futuristic model for budget, data validation is very signficant as based on that planning has to be formulated, tax evasion should be controlled through proper monitoring mechanisms, spend on government should have proper curb and this should be based on the budget allocation.

Explanation / Answer

What can we learn from the responses by the Greek government to the financial downturns in 2012–2015?

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