Greece in "free fall" would be a more apt title.
I just returned from a business trip in Germany and, while most all of my colleagues were sincerely sympathetic of Greece's plight, they asked the obvious question:
"what the *$* wrong with your government -- why don't they do something?"
The answer to this question probably lies in a number of reasons.
One of these reasons is the cretins that compose Greece's present Socialist government: these are people trained to be PR con-men. Not administrators, planners, decision-makers... let alone being adept at crisis management.
Another is the sedentary civil servants & unions mafia that resists any change as far as possible; for them, the Euro & the EU membership are no longer important issues as they have already capitalised upon them through the Development and solidarity programmes of the past. No surprise, Greece's infrastructure is not far from what it was 30 years ago; likened to Africa relief funds -- had these funds been invested in the country, Greece would boast highways, rail, airports, administrative efficiency, & operational renewable energy sources.
The most important of all these reasons, I think, is Greece's Feudal type of government: over centralisation and an overpopulated Public Sector are, both, the hallmarks of a the typical feudal state where the leader held all the privileges, and bestowed them sparingly according to his most devoted subjects.
Accordingly, in Greece, closed professional, exclusive importers, exclusive suppliers... all are still carefully guarded.
The voting troops get positions for life within the civil service in exchange for unfailing devotion during elections.
In Greece every four years, the people vote the Lord into Parliament. The question is still out which form of government is better for the country: traditional hereditary or global suffrage?
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