Greece's Economic and Political Traps
Five years into the Greek crisis, it is becoming increasingly difficult to hope that it will end anytime soon. Perhaps we expected too much: that the largest international bailout in history would help set the economy back on its feet within a couple of years; that we could put the problems that had brought us to the brink of bankruptcy behind us; that our political system would change, with new forces sweeping away incompetence and corruption.
But it would take a revolution to overturn frameworks, mentalities and behaviors developed over decades. What we have had, instead, is a relentless devaluation at every level: Greek society has lost a great deal, and gained little in return.… Seguir leyendo »