Greece’s GDP was still 25% below its pre-crisis peak, with unemployment above 20% for most of the last decade.
Greece’s no show recovery is unparalleled in modern history. Even amongst the most severe Depressions. Five years after the Great Depression US GDP per capita had risen by 35%, likewise after Argentina’s 2002 crisis it was up by 45%. But for Greece… GDP per capita rose by less than 6%.
A dismal stat for sure. But why?
Well, like all good stories. This begins with a bit of background.

#Greece #GreekEconomy #GreekRecovery #GreekBailout

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