Friday, June 15, 2012

In Greece, the money flowed freely, until it didn’t

ATHENS — The torrent of money that flooded into Greece when it joined the euro zone paid for roads, boosted wages and helped Constantine Choutlas build a major construction company. But all that cash did not build a competitive economy.

When the rest of the world discovered that and the money drained away, so did Choutlas’s business.
Read the rest here.

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