Once a bastion of European success and center of tourism, the country of Greece has become the harbinger of things to come for the rest of the world’s developed nations.
Not long ago Greeks were enjoying high paid salaries, early retirements, excess cash, and seemingly never ending economic growth.
Today, just a short time after a financial collapse that rocked global financial markets, Europe’s darling has turned into a frightening example of what happens when governments and their people take on more debt than they can ever hope to repay.
The end result is a warning to the rest of us.
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