The problems of Greece is not new, long before the financial crisis hits the global economy in 2008-09, Greece was in blogtrouble. The combination of structural economic weakness and high structural deficits were compounded by a culture where tax evasion and corruption are both widespread and, to a large extent, acceptable and Euro became the scapegoat. The Euro is a scapegoat.  Hard currency is not inherently bad.  The real problems are: Continue reading

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