He sort of glides over it.
Key fact is what he sticks in up front, in that productivity has not grown in Greece, the “social and demographic conditions”. I.e., the fact that Greeks had massive obstacles and inefficiencies built in to their economic system, inefficiency and corruption throughout the bureaucracy, and the fact that Greeks just aren’t very productive workers vs the Germans.
It is correct in that the Greeks have dug themselves into a hole and there is no way they are going to get themselves out of it under the current rules.
Best to split I think, otherwise it will one way or another be a troublesome un-sovereign dependency.
I think they are holding out for “dead beat artist brother” status. We paid for their rent and dope every time they waved the red flag but that is no longer an option. They could offer some ports to the Russians but the Russians have nothing to put in them anymore. They could threaten to cozy up to the Chinese though.