There have been many comparisons and parallels drawn between Malaysia's debt levels and the current situation in which Greece has found herself. The crisis deepened when Greece became the first developed country in the world to have ever failed to make a repayment on a loan from the International Monetary Fund. We explore how Greece found itself in dire straits, prescriptions for a way out of its predicament, as well as a look at the similarities and differences between the economies of Malaysia and Greece.

This is a report by Keith Kam.

This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories: 

Tags:  Greek Bailout,  IMF,  Germany,  Banks,  Capital Control,  France,  Spain,  European Union,  Eurozone,  European Commission