
Greece was never known for it efficiency nor stringent government. Like Italy it was always a bit chaotic country of the EU.
But the Greek political class (left and right) has seriously fucked up the countries financial situation – and now threatens the stability of the EURO zone. They even manipulated their financial data back to join the Euro in the first place.
But Greece is not alone with it monetary dilemma: Spain, Portugal and Ireland have blown their finances as well.
The Maastricht Treaty was supposed to protect the Euro against such blunders, but many countries didn’t follow it’s guidelines – including Germany.
It once again shows that politicians love to spend money and they don’t care about the consequences. All the budget deficits were mostly a result of overspending and stupid national budgets.
We need better and different checks and balances to make run the national budgets.
Politicians can’t control politicians.
Even when civil servants from the Treasury, the media and experts ring the alarm bells they are constantly ignored by the politicians …





