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*UNLOCKED* Britainology 20: London Finance Geezers feat. Matt Edwards

TRASHFUTURE

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What Happened After the Crisis?

Greece went bankrupt in two thousand and eight. The country's banks were 'conservative' but held a lot of greek debt, which became worthless after the crisis. It cost too much money to physically hold greek debt so they had to repurchase it with another bank. This is when Greece was taken over by the European Central Bank (ECB), who then forced them to take on more Greek debt.

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