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This isn't any different than the mainstream narrative. Greece has no significant exports. They never have, never will (without special circumstance). Their GDP
by jack9 11y ago
This isn't any different than the mainstream narrative. Greece has no significant exports. They never have, never will (without special circumstance). Their GDP is almost solely based on tourism. As austerity was introduced (then ramped up), this eroded any existing value. They should never have been included in the union, but at the time this was one of many risky countries that served as a building block for the Euro powerhouse. It was ultimately worth it, but they will have to be removed. Greece went from one of the most powerful and influencial countries of the last millenium to the Tiajuana of the mediterranean, because of modern economic advances. So what?