I lived there for the best part of a year on and off and I'm really sorry to see this. Lovely people, very entertaining crooks for leaders, paying tax seems to be a voluntary activity, been insolvent as a nation for most of the last few hundred years, since the advent of nation states really. Joining the eurozone was the thing that vrought the worst out of everybody. The leaders fudged the books to qualify them for the euro then took full advantage to blow the economy up. Rich euro countries like Germany pumped money in looking for higher returns which blew the Greek economy into a big bubble. The country lived beyond its means. This all created the perfect storm when the credit crunch happened in 2008.

Lots of other euro countries not far behind them. I wrote a lot about this in a thread a few years ago and I outlined how all this was going to play out. I've been searching for it but I can't find it. Has a load of old stuff been dumped off the board?

Long story short. They're fucked with austerity and fucked without it. Fucked in the euro and fucked out of it. Leaving the euro, which will happen eventually*, will make the current situation look like a tea party but things will get better quicker than if they stay in.

*Unless the Germans agree to allow a central eurobank that is the lender of last resort for all euro countries. But the Germans bailing out the rest of europe is illegal under their constitution. Greece actually went bust less than a year after the 2008 crisis but along with other euro countries has been bailed out endlessly. The euro banking system is all bust too and they've been bailed out too. Not going to end well.