In 1982 Greece started accumulating public debt. From 40% of GNP in 1982 it became 80% in 1986! The PM was a US citizen, Harvard PhD ex Marxist Andrew Papandreou! His son George became PM in 2009 and the debt crisis blew up in his hands!
In 2009 the unemployment rate was 8%.
By 2014 it was 29%! Huge! The GNP had dipped some 30%!
Why? Due to a faulty readjustment economic policy by Greek politicians, the IMF and the Eurozone!
Now Greece is growing timidly but the unemployment rate is still some 20%.
Greeks have become tough. They are survivors.
So don't fuck with my Greeks and even more so, with me.
MIT class of '85, Athens born Greek.
In 2009 the unemployment rate was 8%.
By 2014 it was 29%! Huge! The GNP had dipped some 30%!
Why? Due to a faulty readjustment economic policy by Greek politicians, the IMF and the Eurozone!
Now Greece is growing timidly but the unemployment rate is still some 20%.
Greeks have become tough. They are survivors.
So don't fuck with my Greeks and even more so, with me.
MIT class of '85, Athens born Greek.
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