Even Greece is a high-income nation

IN the research on high-income economies as defined by the World Bank, a startling fact came out. Among the countries that fall into this bracket is Greece, the country that could trigger the next global financial crisis if it defaults on its debts.

Greece has been a thorn in Europe’s economic recovery for the past six years. It has seen three changes in governments and the population seeing their lives being conditioned to living in austerity because the country is struggling to meet its debt obligations to international lenders.