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These countries share similarities to the united states economy. They all of course had go up so much debt, that going barefoot became apparent to everyone else in the world they would never see their money so they stopped credit. These economies were so far underwater, that without additional loans to fund their debt, they already folded. Social programs and other free spending habits of politicians who had little idea what genuine 'no' meant bankrupted these countries. These politicians had the capability protect their citizens for you to become sure, nevertheless the citizens themselves shoulder Learn more an honest amount on the blame. Many apparently believe(d) that brand new was an origin of unlimited funds which never circle back and hurt them individually. Obviously.
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