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The Greek government's debt became unmanageable after autumn 2008, but the EU didn’t respond until over a year and a half later. (source) In the post-national Greece that developed after 1974, the clear winners were the middle class. Thanks to the strong purchasing power of other European currencies, and later the Euro, they could travel... Read�More
Historians will argue back and forth over the causes of the current economic crisis, just as they still argue over the causes of the Great Depression. But there is consensus on some points: The U.S. government wanted to increase home ownership among Hispanic and African Americans. Since it was politically unacceptable to impose racial quotas... Read�More
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