Re:Yanis Varoufakis' first interview since resigning
by claudius on Monday July 13, 2015 @07:30AM
(#9877436)
Greek GDP was grossly overinflated in 2008 by overspending in the public sector. Compared to 1990, Greece still grew 80% points more than e.g. France until 2014, so they really don’t have much to complain about.
This considered bullshit by at least Hans-Werner-Sinn and Flassbeck - 2 economists that usually don't share a lot of opinions.
Also austeritiy didn't work and made things worse: http://www.interfluidity.com/uploads/2015/07/Greekovery.png
The new government wanted to change that.