here we go again. Greece does not have “welfare” as we know it. It is only those pensions. If you worked 20 years you received your pension in full at 55. Now we have whole extended families living on these pensions.
Perhaps we should be talking about the 50% German debt write off that Germany received after WW II.
We should be discussing how this is really about the inevitable collapse of the euro experiment.
this is a ted.com ted talk about how screwed up the EU is. This is from 2011.
We are talking about a country with a population of 11 million and a GDP that is probably less than Rhode Island. (and they only have, GASP!, one time zone) The economic problem in Greece is crony corruption and a insane (emphasis on the insane) bloated government payroll.
Without the free market unleashed NONE of the EU will ever get out of the yolk of slavery by bureaucracy.
“Without a free market”, hence Greece is under socialist rule. Here’s your hero Varoufakis:
> The outspoken former minister, who resigned from his role after the national referendum, despite it returning the result he was calling for, told the ABC the far-right Golden Dawn party could “inherit the mantle of the anti-austerity drive, tragically”.