ANTH 101 Lecture Notes - Lecture 15: Greek Drachma, Angela Merkel
Document Summary
Joined the eu and their economy went to crap. Each person has a debt of 31,000 euros. Jason manolopoulos looking for staring point of greece. Deicit went from under 3 billion to over 8 billion very quickly. During the boom in 2002 greece had a lot of money many businesses boomed and people overspent because of the increased money coming in. Families blame the greek government for how they spent with the euro. Thousands of unpaid taxes yachts was one way which they avoided taxes. Increase taxes, savage cuts in spending, put many naional assets up for sale like airport. German bailout cost more than greece current bailout. German got back into compeiive nature by cuing pensions etc. 15 years without any increase of living standards. The only person to agree with him that euro is not right for greece was in germany.
