ITT: We laugh at Greece.
ITT: We laugh at Greece
Aiden Rodriguez
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Ayden Morgan
Hold on
What?
Ryder Watson
Why?
Leo Martinez
EU and Krauts are responsible for this
Josiah Russell
Why is Greece such a wonder country?
In 2000 their gdp was only 130,1 billion USD. In 2008 it had risen to 356 billion USD! They nearly tripled their economy in less than 10 years!
Eli Russell
>economy gets big based on public spending financed by debt, instead of organic growth
>government practically goes bankrupt, and can't afford big public spending anymore
>economy shrinks by over 1/3
Jeremiah Flores
Also:
>Greece never would have been allowed to take out such big loans in the first place, but creditors allowed it because they were guaranteed by the rest of the Eurozone
>hence why the rest of the Eurozone was pissed off with Greece when they abused their credit beyond what they could ever pay off
Landon Flores
The real joke is that they are still wealthier than Turks.
this is actually garbage and not true
Nolan Thompson
I guess the Greek economy hit the fan when the Greek government had no enough money for devaluation
Easton Hernandez
Jesus, whose idea was it to let them in EU.