There has been some halo about the current financial problems of Greece. The growing debt has caused a downgrading of its rating and a rise in interest rates, and a bankruptcy has been reported by many as a possible threat. All claim now that it won’t ever happen. Does anyone have more information on the matter?
Some articles:
I have a few direct relatives living in , and they say the situation is grim indeed. Technically should have declared bankruptcy a decade ago, but the EU is keeping it afloat. Still, you hear, from time to time, of very violent clashes in the streets every time the possibility of not raising any wages is even whispered. Besides some islands, which make more than they spend, most of mainland is hopeless and will, sooner or latter go through some very violent times. What remains in doubt is whether it shall fall along with the EU, or before it.