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2011-2012 Greek Debt Crisis : How and why Greece would leave the Euro (part 3)

Sal Khan

Abstract

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. Source: Khan Academy (www.khanacademy.org), used under the Creative Commons Attribution-NonCommercial-ShareAlike (CC BY-NC-SA) license. All Khan Academy content is available for free at www.khanacademy.org. Khan Academy does not endorse the World Public Library.

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