“The current Greek crisis is just the latest episode in those 180 years of Greek history. Back in 1843, for instance, the Greek state—born in debt to banks in London and Paris—was given an ultimatum by its creditors: cut your bloated bureaucracy or the next installment of your loan will be cancelled. In essence, the same scenario as the current Greek crisis. Greece faced bankruptcy again in 1893 and 1932, for example. The causes were always the same as in the latest crisis, which erupted in 2009: government overspending, excessive bureaucracy, over-generous terms of employment, miscellaneous corruption and massive tax evasion…” (hier)