In 2010 and 2011, the government of Greece riskeddefaulting on its debt due to a severe budget crisis.Using bond market graphs, compare the effects onthe risk premium between U.S. Treasury debt andcomparable-maturity Greek debt.

MACROECONOMICS
14th Edition
ISBN:9781337794985
Author:Baumol
Publisher:Baumol
Chapter14: The Financial Crisis And The Great Recessio
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In 2010 and 2011, the government of Greece risked
defaulting on its debt due to a severe budget crisis.
Using bond market graphs, compare the effects on
the risk premium between U.S. Treasury debt and
comparable-maturity Greek debt.

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