I found this long and persuasive essay about the “democratic Peronism” in Greece and its gradual destruction of the economic future of the country fascinating and convincing. Note the paragraph about the extent of tax evasion in Greece. It is astonishing.
The roots of the present Greek crisis lie in the political transformation of the country during the 1980s. (Disclaimer: Although this post is about Greek fiscal behaviour, I am not taking Germany’s side. Lenders to the profligate are just as culpable as the borrowers.)
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