Thursday 7 July 2011

Who Ruined Greece?

The chart above says everything that we need to know. If you have any doubt in your mind that Greece will default, remember more debt is not a solution for debt.

Here is a very nice article from Spiegel Der. It clearly explains how the country has been ruined by three generations of ruling elite. Worth a read.


  1. very accurate, but you forgot to mention that greece has 300 parliament members with a population of 11 million, about 34,000 citizens for one parliamentarian, whereas the US has 445 congressmen and 100 senators in a population of 315 million. Has anyone in Greece thought about it: such a waste of peoples money. It is a disgrace. Also the Greek president, a ceremonial position, receives a salary of 300,000 euros annually! Where has the Greek media been in the last 30 years? Receiving kickbacks from the governing elite. A vicious circle and a vicious people.

    1. Fully agree with you. We get what we deserve.