| MikeRox said: Have you tried adding the United Kingdom to your graph? You'll find it's below Greece for pretty much the entirity of whatever they are trying to analyse there... (hint, it's not raw numbers spending) The spotlight is on Greece because you're quite simply bankrupt. Cannot afford to sustain your current way of life and are now throwing all the toys out of the pram because of this. It's not the Greek people's fault though. Greece simply should never have been allowed to join the single currency. It was said at the time, and it is glaringly apparant now. |
yea it's very unfortunate for all parties involved (apart from some private profiteers) that Greece joined the Eurozone when at no point they even were close to meet the requirements
sure there was some shady business with Goldmann Sachs going on to hide part of their debts, but I'm sure the inspectors knew, yet some people made the decision to expand the Eurozone to Greece anyway, maybe even with the best intentions of accelrating the growth of the Greek economy with low interest debts they gained access to in the Eurozone
but the Euro totally killed the local industry and even the tourist sector became less competitive both weakening the overall economy greatly yet the living standards still rose (paid for with said low interest debts)
