Quote:
Originally Posted by nomadking
The Greeks were fiddling the books on a widespread scale.
Didn't help that they had a law requiring Greek pension funds to have 77% of their money in Greek bonds. Must have seemed a good idea at the time and probably was.
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I know, I posted a link about that dating from 2010 above and they needed help to pull it off. We all know they've been living well beyond their means for decades and they probably hoped EU/Eurozone membership would ensure that their excess would eventually be paid for by others. As it stands they're probably right too because I think a lot of debt is going to be written off in one way or another.