Research the financial crisis in greece and summarize it in one-two paragraphs. note: paragraphs consists of three complete sentences. this is an academic assignment where you need to use proper grammar (i. e., capitalization, punctuation, and no abbreviations). peer

The current Greek financial crisis exists as a result of large amounts of Greek debt that could threaten the integrity of the European Union (EU). This crisis began in 2008 during the recession and few solutions have been offered since then. Greece wishes the the EU would forgive the debt, while the EU wants Greece to reform its government. If Greece defaults, it could harm the EU in the end.