The Greek drama continues to play itself out in twists and turns on a daily basis. And it has become a game of how much more Greece and its population can be squeezed before the country implodes, or explodes, as it must surely do whether or not it leaves the eurozone.
It could have been foreseen. The inability of the Greek political class to rule in a transparent, non-clientilist, non-corrupt manner has led to very little productive investment in Greece. The state became large and all-pervasive, stifling entrepreneurship through excessive bureaucracy and appalling administrative inefficiency.
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