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I'm sure there are many reasons and opinions for this sad performance. In my opinion this was caused by both of those volatile countries never having stable,long term governments since WW2.

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Jamir Kovacek

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2y ago
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Q: Why do you country such as Greece and Italy have debt problems?
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Related questions

Which European countries have debt problems?

Greece Portugal Malta Spain


What country has the highest national debt?

i think its Greece when compared to their GDP


Which country is the biggest holder of debt in the us?

italy, monaco, or china


What caused debt problems in such countries as Spain Italy and Greece?

Because their economies have become weak, borrowing additional money to keep their governemtns going has become more costly, which has made their economies even weaker


What are the current economic problems that Greece is dealing with?

Greece is currently facing economic debt crisis balance of payment deficit unemployment high inflation


What problems might arise in country that has a huge national debt?

Bobo192 is a joke


What is the LDC debt crisis?

LDC debt crisis is where countries can't meet their global financial obligations thus the country is bankrupt. Greece is now in its 5th year


How can you fix your debt problems?

There are sites online where you can fix your debt problems. One of the sites where you can get help on fixing your debt problems would be on fix-debt.


Has Estonia ever had any money problems?

Yes. Estonia is currently dealing with economic problems as the country has a debt equal to that of its GDP.


Does Greece have any debt?

All countries have some sort of debt.


What are some tips for debt problems?

There are many tips for debt problems. There are millions of books that have been written about how to get out of debt and how to manage your debt successfully.


Where can one find advice on a solution to solving tax debt problems?

Most countries have specialized advice centres or a free helpline where people with all sorts of debt problems can get free advice. For example, in the UK, there is a National Debtline and even a Debt Advice Foundation. Most countries have such institutions which are mostly free, but it really depends from country to country.