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Studies on causes and impacts of Greek sovereign debt crisis

Zhang Rui,Professor,Guangdong Polytechnic Normal University  
The country's deteriorating sovereign debt crisis has put Greece at the center of European sovereign debt woes,and also severely challenges the stability of the euro area.This paper discusses the impact of the international financial crisis on Greece's economic and fiscal situations,and analyzes the causes and solutions to its sovereign debt crisis.It points out that apart from Greece's efforts, international assistance,especially from the European Union,is also inevitable.In addition,sovereign debts of other countries should also be closely monitored in view of the global economy.
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