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All a matter of perspective I suppose, the current "stabilized" Greece is in much worse shape now than the US was at the worst point of the Great Recession (> 2
by jonknee 9y ago
All a matter of perspective I suppose, the current "stabilized" Greece is in much worse shape now than the US was at the worst point of the Great Recession (> 20% unemployment!).
- Clubber 9y agoYes, they are/were in bad shape, but from what I understand their problems stem from what our problems were: greed and corruption, not the workforce taking long lunches or not working 40 hours a week. Puerto Rico has similar issues with their economy. They took a lot of loans they shouldn't have. As an aside, our unemployment is a funny number in that it doesn't include people who have given up looking for work. I think that category is the highest it's been in a while, or in US history. I'm not sure if Greece calculates it in the same manner.