2013 May 22 Wednesday
Greek Economy Shrinks 19 Quarters In A Row So Far

One more quarter to hit 5 years of continual shrinkage.

Greece peaked at 55.3 billion euros in Q3 2007 and it is down by over 32%. So getting close to a one third drop. A pretty high price for Euro membership.

How big are elite mistakes? Naturally much bigger than mistakes of lower ranked people. They've got more power to make bigger mistakes. They've also got more power to use to deny they made big mistakes. So they keep making them again. US immigration policy is a case in point.

Share |      By Randall Parker at 2013 May 22 09:45 PM 


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