4 ms·
as if greece was a-ok when it had the drachma. exposes the underlying problem that the greek economy in itself is pretty useless, hence all the drama right now
by pinaceae 11y ago
as if greece was a-ok when it had the drachma. exposes the underlying problem that the greek economy in itself is pretty useless, hence all the drama right now is focused on financial shenanigans.
the EU expansion to the east broke greece's neck. a well educated, motivated workforce entered the EU, but smartly like Poland did not join the Euro. Amazing growth in Poland throughout the crisis of the last 7-8 years, catastrophe in Greece.
See comments from Lithuania's prime minister and others who are getting fed up with Greece.
Interestingely enough this fits Samuel P. Huntington's predictions of the Clash of Cultures. He had Greece as part of the orthodox area, separated from catholic/protestant Europe which spanned from UK to Poland. He got a lot of shit for his theories at the time, was quite prescient in hindsight.