[SamAtt]

I'm sorry but this is shoddy journalism. The article leads with "unemployment has hit an unbelievable 70 percent in some places" but waits 16 more paragraphs before saying the nation wide number is expected to be 12.1% by the end of the year (which incidentally is lower than the state I live in which is California)

The whole article is stuff like that. They go on about the guy who used to work 300 days a year but now can only get 25 or the street where half the shops are closed but gloss over the reality that GDP only dropped 1.5% in the last quarter (2.5% in the last 12 months)

In the end Greece has it a lot better than they could have had it. To me this is like the guy who spent all his money and had to be bailed out by his neighbors complaining that his neighbors aren't doing enough for him.

[phunel]

I second the parent's comments. I'm living in Greece at the moment (am actually on a ferry to the islands typing this right now) and the country, which of course has seen better days, is still humming along strongly. The cafes are packed, the hotels are booked, and people are living, I assure you, a spectacularly fortunate life. One of the primary disconnects is that the economy has traditionally been cash based, and to an extent still is. This means much of the money coming in and out of the country is not declared, making accurate statistics of the country's financial health difficult at best.

People are anxious and have been through a lot, no doubt, but the exaggeration by the media is extraordinary. Though, I have to admit, I don't blame the ship owners for repairing in other ports. The bureaucracy and union strikes are maddening drains on productivity.

[shaddi]

To me this is like the guy who spent all his money and had to be bailed out by his neighbors complaining that his neighbors aren't doing enough for him.

Arguably it's not merely like that, it is exactly that.

[watchandwait]

Actually, it is worse. Greek politicians cheated foreign bond investors and lied to the EU about their budgets.