The Greek debt crisis- using the Solow model to simulate future fiscal balance and output growth
Since the financial crisis of 2008 many European countries have been plagued by growing fiscal deficits and public debts. The country found by many to be the worst off is Greece and in this study we use the Solow model of economic growth to attempt to find a savings level for Greece which provides enough capital for both investment and debt service. We use two different scenarios where one is base
