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The Greek Economy In Today’s World

Greece is a wonderful country, the cradle of Western civilization, the place where democracy was. Greece is rich in history, the arts, sciences, philosophy and mythology, a magical place where you always feel good, relax and enjoy the wonders of nature. It is a special place, a showcase of the best values of humanity.

Greece is a country with a civilized and developed capitalist economy, tourism is an important source of income. He is a member of the European Union, which exerts great influence in the world in all areas and sectors. It also has a high standard of living.

The Greek economy grew strongly until 2007 but from 2009, entered into recession because of budget deficits and debt that the government has done. Until 2008, Greece had one of the highest rates in the eurozone gross national product, be considered a country with an advanced economy with high incomes. Unfortunately, since 2009, the global financial crisis affected not only Greece and the European Union, but also all other countries, including developed countries.

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Acquiring Home Loans Even With Bad Credit

The most important factor that determines whether a person is can procure home loans for himself or not is the fact, whether is past credit history is stable enough or not. All factors depend on his past record of handling credits.

A bad credit history implies that his appeal for a loan would be rejected and won’t be met in most of the places. And the worst part is that, if the concerned individual in his past has ever been declared as bankrupt or had a foreclosure, then for sure the borrower would face difficulties when he tries to get a financing for a home mortgage purchase, home equity or second mortgage loan.

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