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The Greeks have seen what lender instituted austerity measures have done to other countries like Argentina, Bolivia, Peru and Ecuador and want nothing to do with tripling their electricity and gasoline costs, eliminating their pension system and destroying health care. I cannot fault them on this decision.
Do they have a choice Greg? They are screwed no matter what they do. At least with the austerity measures they have something and probably more importantly aren't going to cause a wider financial meltdown.
The Greeks should have paid more attention when Euro zone was formed and the opportuntiy gemany;netherlands and danish saw inadvanatge they gained in exporting to the rest of the euro.
Germany has always been the most advanced country in the world. The land of engineers, philosophers and musical geniuses. Bringing the Nazi stuff is pretty outdated nowadays. It has achieved a perfect balance between top industrial performance and welfare state.
The Swiss could have beaten the Greeks if they wanted to
In the Balkans, it was pretty much Tito and the Yugoslav partisans that did the fighting against the Germans. The Russians never got that far south and neither the USA nor the UK were engaged beyond 1940.
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