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The Greek debt crisis explained

Taking everyone underwater?

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The vicious cycle

The financial debt system destroyed Greece, and it could destroy us too.

In fact, Greeceís debt crisis could snowball into a terrible situation for countries across the world.

Interest rates could raise for everyone else, which means credit just isnít as cheap.

And when credit isnít cheap, debt isnít easy to pay off, and people suffer.

Hereís a short explanation which will give you the scoop.