The document analyzes Greece's debt crisis by comparing it to the US recession of 2007-2009. It finds that Greece's unemployment and GDP per capita were hit harder than the US. While Greece has received bailouts from the EU and IMF totaling over €240 billion, it still faces high unemployment of over 26% in 2014 and reform is needed. The response to the US recession through acts like TARP helped stabilize the economy, while Greece still has progress to make despite recent signs of improvement.