I remember being very negative about the Greek's long term outlook ~10 years ago. I mean, it was obvious that there will be an economic downturn for many years in basically all scenarios, but I was very worried about the political uproar, turn to populism and authoritarianism (which would further worsen the economic woes).
IIRC there was an election in ~2015 which Syriza won, back then pretty radical in its anti-austerity campaign. But after they won, they made a turnaround and more or less went along with the austerity.
The problem of Greece is that due to decades of nepotism and corruption, there is no real political hope. The ruling party is one of the two that has brought Greece to where it is now, and the prime minister comes from a family with a long tradition in politics and power thirst.
His best man is the biggest gangster in Greece, Marinakis. They found a ship of his containing 2 TONS! of heroin, and nothing happened.
Because the Mitsotakis family controls the court system in Greece.
Not to make an excuse, but tell me a country that isn't like that. For all the pomp and circumstance that democracy provides, it all feels like it boils down to tribalism where oligarchs rule and control the tides. Sure we all control our individual boats but the tide is what controls the sea.
Sure every nation has an elite, but itβs a stretch to say that Germany, Sweden, Denmark, USA, and many other countries have an oligarchic system similar to how it is in Russia, Uzbekistan, and Kazakhstan.
IIRC there was an election in ~2015 which Syriza won, back then pretty radical in its anti-austerity campaign. But after they won, they made a turnaround and more or less went along with the austerity.