A Greek Tragedy

When it comes to Greece will all come down to agree on one thing: its appalling tragedies. Since the beginning of the history Greece was the birth to many cultural masterpieces, be it literature (Odysseus or Troy) or arts or political even educational triumphs. We think of the notable philosophers Aristotle, Sophocles, Socrates and Plato. We think of democracy and freedom of speech. Although we cannot deny the fact that its mythology makes Greece a world-wide known country. What went wrong? What caused the fall of this momentous and historical country? What happened that it destroyed this magnifique historical place? What threw Greece off his pedestal?

And the answer is simple?

Greed

This green atrocious abstract notion destroyed an empire of glory and prestige. It let down millions of people by following their ego. It was a political doing of course yet I am eager to know if someone spiced up their conscience and pride by telling them that Greece should once again savor that adoration and veneration.

This was its downfall, the trough if we would like to put it this way. This was the key that opened up the door to much odious ruination.

2008 Greece had an unreformed economy, which is characterized by widespread corruption, business structures run by elites, low levels of investment in new technologies and industry clusters, and dependence on just a few sectors — like tourism, shipping and agriculture. Huge pension liabilities, along with tax evasion, an expanding government, large military expenditures, growing trade deficits, an $11 billion price for the 2004 Olympics, and an anemic real economy — combined to increase Greece’s indebtedness. These factors also helped Greece put off meaningful economic and fiscal changes aimed at producing “the sustainable kind of growth that is built on business development, rather than ‘growth’ that turns out to be a debt-fueled consumer binge.

It also intrigued me the part where an author that writes about this cause. Mainly he addresses to only a handful of people that he calls them “clienteles” who are with no doubt the “leaders” of the country

“Not a single constituency emerges well from this story,” he writes. “Greek politicians, Greek society, trade unions, leaders of the European Union, the I.M.F., the world’s investment banks — each and every one has scarcely put a foot right in a