[dkjaudyeqooe]

This is nonsense. Not mentioned is that Greece has borrowed excessively and had defaulted on its loans. A bailout was organized by the EU and IMF with terms that Greece had every opportunity to reject. No one forced anything on Greece. The referendum was not binding and political theater for the government of the time.

That Greece accepted the terms reflected the reality that the alternative was much worse and would have caused great suffering for Greeks.

[mc32]

What choice did Greece have? Germany was not extending favorable terms, they were punitive, so what choice did they have but take the least awful choice? Syriza tried but Germany had the upper hand and of course didn't give an inch --though Syriza tried very hard.

Varoufakis would argue the severe terms imposed by the creditors/negotiators exacerbated the fiscal issue. Yes Greece had issues but the creditors's terms exacerbated the problem, made things worse.

It's kind of like borrowing from a loan shark to pay off debts --on average, you're better off not. But hey, once you take it, you either pay up, or you lose something dear to you.

[dmos62]

Greece underreported its debt until 2009: i.e. it borrowed too much while lying about how much it's already borrowed. That's the main difference between Greece on the one hand and Italy, Portugal on the other, in my eyes. Italy and Portugal too suffered a public debt crises, but they weren't so blatant about it. I sympathize with the common Greek man, and I wish their crises had been managed with more success, but I also don't feel especially interested in bankrolling Greek policies that led to this crises.

[omnimus]

It was disqusting treatment from EU which needed to hide its own recession and blame a culprit.

Every other european media outlet talked about greeks (in very racist way) as lazy nation that doesnt want to work.

Not great look for EU. But i dont know about better alternative.

[ingohelpinger]

100% true.