To pay back debt, you have to have a growing economy. That's a basic law of economics. It's how credit cards work. It's how mortgages work. And it is how sovereign/central-bank debt works. But Greece's economy was never in a position to benefit from debt, because it has been shrinking for years:
Back in the USSR
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I’ve just finished reading two books on Russia, well, actually the old
USSR, set 30 years apart — one in the 1960s, and the other in the 1990s
when the USS...
4 years ago
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