Causes of the crisis by the agent's access to capital markets when interest rates are low and the compliance with the rules.The use of Euro coins of the national currencies do seem to be a factor contributing to the accumulation of debt by Greece. The European Union has allowed Greece as well as the other members be allowed favorable interest loans. This is truly very beneficial, however, this has become the agent of debt led to Greece.In 1997, the members of the EU have had an agreement which aims to strengthen the monitoring and enforcement of the common financial rules through the stability and Growth Pact. However the deal did not hold because the members have overcome the deficit limit.
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