A. Long story. Greece’s economy was never strong enough to share a currency with Germany’s, but both sides pretended it was, as it satisfied Greek pride and Germany’s ambitions (suffused with war guilt) of building an ‘Ever Closer Union’ in a new, democratic Europe. Reckless lending by French and German banks allowed the Greeks to finance widening budget and current account deficits for six years, but private capital flows dried up sharply after the 2008 crisis, forcing Greece to seek help from Eurozone governments and the International Monetary Fund in 2010.
Q. But all that was 5 years ago. How has Greece not managed to turn the corner since then, when every other Eurozone country that took a bailout has?
11:06 The Women’s March on Washington: Here’s what you need to know20
10:42 Britain seeks interventionist approach to drive post-Brexit industrial revival17
04:26 Constitutional Scholars To Sue Donald Trump Over D.C. Hotel And Other Businesses14
05:10 Hard-Luck Hillary Clinton’s Second Case of the Inaugural Blues15