Since 2008 there has been an ongoing financial debt crisis that has affected most states in the world. However, the most disastrous economic declines occurred on the European continent. Therefore, this crisis is widely known as the European sovereign debt crisis. The purpose of this paper, however, is to analyze and discern possible policies focused on providing a set of solutions that could help the Greek government regarding its financial debt within the broader European crisis. Therefore, the main focus of the upcoming analyzes and policies will be on the management of the Greek public debt and the recommended policies. Furthermore, the document will provide a summary of the economic crisis and the implications of the international community (mainly the European Union and the International Monetary Fund). The Greek crisis is the result of an accumulation of terrible political mistakes. It all started when previous Greek governments decided not to reveal their debts and deficits in order to meet the requirements for joining the Eurozone. Furthermore, the government was characterized by mass tax evasion and corruption. In 2009, the newly elected Greek government decided to make public the real debt and deficit data, which brought many speculative waves to the economy. At the moment (since 2010) several organizations and countries provide assistance to the Greek state to alleviate public debt. International organizations, such as the International Monetary Fund and Europe's governing body, the European Union, are adopting a series of policies designed to assist Greece in its debt crisis. One of the main supporters of the Greek economy is the German......middle of paper......Daniel Gros. "History repeats itself: from Argentine default to Greek tragedy?" CEPS Commentary, 1 July 2011. (2011). Altman, Daniel. "Foreign Policy Magazine." Np, May 17, 2012. Web.Álvarez-Rivera, Manuel "Electoral Resources on the Internet: Elections to the Hellenic Parliament (Vouli)." Electoral resources on the Internet: Elections to the Hellenic Parliament (Vouli). Np, nd Web. November 20, 2013. Economides, Spyros. “Point of View: The Politics of Greece's Financial Crisis.” BBC News. BBC, 17 June 2011. Web.Feldstein, Martin. "Let Greece take a 'holiday' in the Eurozone." Financial Times16 (2010): 02.Janssen, Arnold “Greece and the IMF: who exactly gets bailed out?” Center for Economic and Policy Research. (July 2010) "The Eurozone Crisis Explained." BBC News, 27 November 2012. Web. "The Troika Is Coming Np", 21 July 2012. Web.