Greece was fiscally irresponsible, it's true. However, other countries in this crunch, like Spain and Ireland, had lower debt burdens than non-suffering countries like Germany on the eve on the crisis. The debts and social programs are not the only causations.Why did Greece tank if it wasn't for debt and social programs they couldn't pay for?
This is all about debt, deficits and programs that cost far more than revenue can pay for. The govt. borrows about 50% of every dollar spent.
Exactly. If the real story were a morality play about debts, Germany would be must worse off than Spain and Ireland.
Nope, factually wrong. As per usual.
European public debt at a glance - CNN.com