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>Greece functioned "OK" if a low standard of living, rampant inflation and pervasive lack of access to credit for businesses or individuals is "OK". They still
by jazzyk 11y ago
>Greece functioned "OK" if a low standard of living, rampant inflation and pervasive lack of access to credit for businesses or individuals is "OK".
They still have all of these things. Plus 25% unemployment (50% for young people), and debt equal to 180% GDP (soon to be 200%).
It takes two to tango. I was not trying to grant them victim status, I was just pointing out that German (and other EU businesses/banks) are not exactly blameless (ever heard of predatory lending?)