General Discussion
In reply to the discussion: Exploding the myth of the feckless, lazy Greeks [View all]girl gone mad
(20,634 posts)You have no real answers, you merely repeat ridiculous neoliberal propaganda.
I'm sure I've forgotten more about this situation than you will ever know since you are clearly more interested in parroting ignorance than approaching the subject with logic or reason.
The Greek economy was fundamentally sound before the crisis. The crisis exposed the major structural defects of the EMU, which were described in detail by neo-chartalists contemporary to the formation of the Eurozone. Germany's competitive advantage was also predictable and predicted, as it was built in to the treaty. But now Germany's advantage is (also predictably) disappearing.
The financial crisis caused our deep recession, too, but we muddled through, thanks to our currency sovereignty.