The True Story Behind the Greek Debt Crisis: Why Hasn’t Greece Defaulted on Its Debt Yet?

For most of the Greek debt crisis the reality has been well-known. Even if it was only initially discussed among the staffers and in the back offices of the International Monetary Fund, a Greek default has always been inevitable. So now that Greece is €328 billion in the hole – a 175% debt-to-GDP ratio – exactly why hasn’t Greece defaulted on its debt yet? Here’s the real story behind the Greek debt crisis… Tags: European Central Bank , Eurozone , greek debt , Greek Debt Crisis , greek elections , how much does Greece owe To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post The True Story Behind the Greek Debt Crisis: Why Hasn’t Greece Defaulted on Its Debt Yet? appeared first on Money Morning - We Make Investing Profitable .