You can't pay back a dept that keeps growing faster than you make money, while being limited in what you can do, because many products are too expensive to be allowed further production. In my area we used to produce mostly rice but nobody buys it anymore because it's cheaper to ship chinese rice from the other side of the planet.
Very little. This course was set in the aftermath of the 2008 crisis.
I'm from Greece and we are dept no matter what we do since the 2000 Olympics
A whole generation was crippled because of mismanagement of funds
It looked like Veroufakis was going to default on the debt but he did not have the "cojones" to do it unfortunately.
You can't pay back a dept that keeps growing faster than you make money, while being limited in what you can do, because many products are too expensive to be allowed further production. In my area we used to produce mostly rice but nobody buys it anymore because it's cheaper to ship chinese rice from the other side of the planet.