Greece is very far from a market based economy. The article "Why is Greece so Successful" by Scott Sumner discusses in detail. http://econlog.econlib.org/archi

Greece is very far from a market based economy. The article "Why is Greece so Successful" by Scott Sumner discusses in detail. http://econlog.econlib.org/archives/2015/07/why_is_greece_s.html http://econlog.econlib.org/archives/2015/07/why_is_greece_s.... Examining the ranks of economic freedom, we find Greece at 138. Italy, the next of the PIGS, is at 86. Only a couple of Euro nations (Bosnia and Croatia) are below Italy (102 and 108). http://www.heritage.org/index/ranking http://www.heritage.org/index/ranking You are right about inflation - I spoke badly. What I should have said is that the elected officials of Greece are not anti-inflation.