#eBook Sisyphus' Greek Spreadsheet by Thanos Kalamidas
Greece’s Economic Turmoil - Corruption, Nepotism, and Authoritarianism Then and Now. Greece’s modern economic trajectory has been defined by cycles of prosperity, mismanagement, crisis, and recovery.
The 2009 financial collapse was not an isolated event but rather the culmination of decades of systemic corruption, nepotism, favouritism, and an expansive black economy. Between 1980 and 2006, successive Greek governments, regardless of political affiliation, fostered an economic system riddled with clientelism, excessive public spending, tax evasion, and a deep-rooted culture of patronage. These structural weaknesses were masked by continuous borrowing, European Union subsidies, and an illusion of financial stability.
When the global financial crisis of 2008 exposed these vulnerabilities, Greece was left with unsustainable debt, a collapsing banking system, and a government unable to meet its financial obligations. This led to the infamous 2010 bailout agreements, commonly referred to as the Memorandums, imposing harsh austerity measures that reshaped the socio-economic fabric of the nation.
Thanos Kalamidas, a multipublished writer, cartoonist and illustrator; born and grew up in a picturesque neighbourhood on the mountainside of Hymettus in Athens, Greece. Then his life took him to Berlin, Germany and to London, UK for studies. After a brief stay in Yorkshire he moved his life to Paris, France while working in Tokyo, Japan and in Cape Town, South Africa. In the last 25 years he became a permanent Scandinavian resident and recently, in his glorious sixth decade, he moved to a scenic village in the Växjö area.
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