Showing posts with label Greece ruins. Show all posts
Showing posts with label Greece ruins. Show all posts
Wednesday, February 13, 2013
Fundamentally Transforming Greece Into An Economic Ruin
This excerpt from a recent article in the New York Times reminds us that Greece is still there - but the economic situation is still rapidly deteriorating. Just when you would think that it can't get any worse - it does. By many indicators, Greece is devolving into something unprecedented in modern Western experience. A quarter of all Greek companies have gone out of business since 2009, and half of all small businesses in the country say they are unable to meet payroll. The suicide rate increased by 40 percent in the first half of 2011. A barter economy has sprung up, as people try to work around a broken financial system. Nearly half the population under
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