Has Debt Ruined Greece Forever?
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- Опубліковано 31 тра 2024
- Where is Greece going in the future?
Greece has many problems ahead of it. It's insane debt crisis, aging population, and aggressive Turks are serious issues. But with a great geography, will Greece be able to handle it?
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#polandball #countryball #greece
0:00 Intro
0:47 Geohistory
4:15 Economy
7:52 Debttttt
11:04 Foreign Relations
13:07 Wrap-up
Countryball, Polandball, History of Greece and Ancient Greece . vs the Future. Alternate History, Alternate Future of the world, American Americans. Russia v.s. The Future
Fun fact Haiti was the first country to recognize Greece as an independent nation
Wow
W Haiti
I don't know maybe they recognised our trouble against the turks because they just got independent from the French
based Haiti
Haiti also sent help for us against the Turks, a small number of troops and coffee to sell. Unfortunately, they never arrived because they died en route.
This reminds me of the fact that I am in crippling debt to the US government and currently in hiding
You lucky, they placed sanctions on my poor people
Is age
@@Ja-jq7pc Don't worry. I'll nuke them soon
@@yahoodiagent4663 please dont
@@yahoodiagent4663 I just want some city planning, not more rubles dumped into nukes :(
Right now financial security should be at the top of everyone's priority list. I just heard on the news that In eviction cases in the U.S, about 13% of the U.S. population which represents over 40 million people is at risk of losing their homes this year. it’s going to be a very, very difficult time and I don’t want to be a doom and gloom person. I have roughly $100,000 in lifesaving funds that I need to grow quickly because the dream of retiring is starting to seem like a fairy tale. Please leave a comment if you can help.
@Dave Delva It's all down to your own tolerance for risk and there are trained investment advisor that can help you get through this. Our grandson & his family (4) are set to lose their townhouse, thanks to unexpected layoffs at his company and increasing HOA fees and homeowner's insurance. We told them to SELL NOW in order to secure as much EQUITY as possible before they get hit with FORCLOSURE, invest the proceeds in safer, higher-yielding investments.
@@edelineguillet2121 Please let me know the name of the investment consultant you work with and, if possible, how I can contact them.
SCAM SCAM SCAM ALERT
New scam method in youtube comments where they do these exchanges dont fall for it people
F*cking bots man...
Lmfao morons really liked a bots comment
One thing often overlooked, is that after the Fall of Constantinople, Greek scholars fled to Italy and helped bring about the Renaissance.
Italy and France. Ioannis Laskaris co founded the Bibliothèque Nationale de France (then Bibliothèque Royale) with Budé. He brought more than 2000 Greek manuscripts from ottoman occupied Greece during several trips after sultan Mehmet II died.
Saving Western Civilization again. 👍
Renaissance started in 14th century in Italy
@@NoName-hg6cc its early art forms have eastern roman characteristics such as golden backgrounds and similar art styles to orthodox icons
@@panagiwthst.4856 Some arts forms maybe but not all, since the Renaissance was born in Italy which is West European
I hope all the best for greece, our old ancient brothers, much love and respect from Egypt 🇪🇬 💖🇬🇷
Christian 🤢?
@@enjoymfs9715 toxic kid
Are you coptic ?
@@iamzedudeyouknowwhatiemean coptic = Egyptian, so yeah im coptic.
Thank you brother we will always stand together in the ages 🇪🇬💖🇬🇷
Nice. Though it should be pointed out that a Grexit is far less likely today than it was during the height of the crisis.
What does it matter when literally every airport, seaport and many more enterprises are owned by foreigners. And not only that our politicians made sure that we will be in debt for at least 500 years. Greece is doomed economically spiritually ethically and philosophically. The system is set and unfortunately it is only up to us to preserve what it still being considered Greek ideals.
You need to get out though
@@Michael_the_Drunkard I disagree very much with that idea, thank you very much.
@@orestisbe6978 good luck bro I hope the future is kind to Greece
Much love from America, thanks for inventing democracy 💯💯
@@JinnDante 500 years? where did you get that figure from?
As a Greek, it's fascinating to me how impactful Greece was throughout history, the Greeks thousands of years ago started a lot of things we have today, such as democracy, science and mathematics. And it's crazy how downhill it's gone now.
I mean isn't that bad. It's bad but not that bad like other nations. For sure we need to start developing more and more.
suck is the cycle of civilization.
The unfortunate part is that Greece has not really moved past its Ancient greatness. Most of its economy today is from people visiting to see things made centuries ago, not something new that had developed
isn't it the corruption and patronage systems that's causing the debt?
You didn't 'start' science and math but alr.
So so much love from Italy to Greece. 🇬🇷❤🇮🇹 We feel such a strong bond between our people (really una faccia una razza), but sadly this time in history we also share a challenging economic-demografic situation :( hope for a better future for both of us
All the Egyptians in the comments showing love to Greece is one of the most wholesome things I've seen in a while
:)
:)
Yeah, we both hate turkey
Man, this is more complicated than threesome 😆
They're better than those snobbish western Europeans who at same time came they love Greece
I hope all the best for the greeks-our dear friends!From Bulgaria
Based pfp
Thank you so much my dear neighbor i wish you the best to you
Love from Macedonia I hope we can get in EU and for peace in Balkans
@@lowhealth525 Yeah i wish for peace and unity between our 2 great nations
@@lowhealth525 u mean, Monkeydonia
As a Greek, this is one of the few accurate, well made and informal videos about my country! Congratulations, sir! Much repsects! Συγχαρητήρια 👏👏👏
No it's not. Almost everything in this video is false
@@Influks What is there that you disagree about? Plus, what country are you from?
banana!
@@Fanolis fanoliii
Ναι και ειδικα η ιστορια...
It's crazy to me greece has more merchant ships than china or usa
Whats more crazy bro is that basicall those ship-owners are the richest people in Greece, they constitute the Greek-Elite class, fully control every goverment, they pay zero-taxes and they dont give a damn about their country in sharp contrast with their grandparents who were patriots and offered huge amounts of money for the freedom of the country.
Under foreigner flag.....
China? The country on the center of Asia? Have you ever considered touching a map before?
@@kaoru4president what are you talking about bruh
Merchant ships are an ancient tradition for Greeks, since Ulysses and Jason times. Aristotle Onassis was one of the most known shipowners of the 20th century. In Greece when you want to talk about a really rich person you definitely talk about a shipowner.
As a Brazilian who also have a challenging future:
Stay strong Greeks
We're all going to make it
🇬🇷💚🇧🇷
❤️❤️ we all gonna make it brah
At least your leader isn't that pile of shit Bolsonaro
Imagine🇹🇷✊
We love brazilian people
Thanks brother
Love greece from serbia, hope they will fix their problems
Thank you!
worry about yourself first bro
Serbia? more Like Albania is the superior nation
Here we go Balkans in the chat
@@henrycrabs3497 Oh shut up, Albania turned its Rellegion to evade taxes
I hope greece surpass it's crisis, i hope for you the best my brothers and sisters
Greetings from Iraq to Greece
Btw i love you're history so much, it's my one of my favourites and equal to iraqi history
شلونك
@@sheikmutanabi3003 بخير اذا انته بخير
That's so cool! Thank you!
Iraq has no history, idiot, Iraq was created by the British, otherwise it was a part of the Ottoman Empire and before that it was also a part of Iran.
I hope our nations will be friends one day
Love from Turkey to Greece
🇬 🇷 🇹 🇷
🗿
if only your president wasnt so aggresive
@@tanker1425 ur literally trying to take the aegean sea and leave us the beaches only
@@katitobyt The agean sea was and will always be Greek bro.Learn normal history and dont believe what your bubble of lies of a country is teaching you
@@katitobyt They already have the Aegean. Turkey has 2 small islands and a bunch of rocks.
Population decline is it's major issue. Even without the Euro, devaluing any alternate currency isn't a magic bullet that would of solved all of greece's problems.The debt would still of been in Euros and Dollars, peoples savings would of been wiped out. And they would still be in massive debt.
I agree there are no magic bullets. But truth is countries with their own currency have access to many tools that can be help moderate and make adjustments to the economy. Today Greece has no control over its monetary policy and can't even change it's own taxes unless instructed by Brussels.
WOULD HAVE.
Please!
Greece should think of ways to not only stop people from leaving, but to also encourage couples to have at least two children, and encourage immigration from western countries, especially those who have populations of Greek and Greek descent (such as the U.S).
@@vinny9868 balkan wide infrastructure connecting it to the heart of europe is pretty necessary. It's mostly off by itself. It's got pretty inneficient logistics because of its geography.
If Greece exit euro would be 86% cut of public debt. Private debt will be in new currency so won't happen what you say.
Exit from euro and devalue new currency will launch competitiveness and make imported goods expensive. Now I eat beans from Kirjistan because one euro is equal to 97 som (their currency). Very important is also the capital control which coming and leaving Greece otherwise those who have euros abroad will buy us.
Fr, I am Portuguese the situation in my country is similar to Greece, we were both rich and powerful and now we are indebted countries, of course the debt problem in my country is a little less dangerous than in Greece tho
I agree from greece
@@bigtimegaming1576 a famous portuguses writter from the late 1800s, Eça de Queiroz, once compared our countries, and what he said is still acurate:
_We are in a comparable state, correlative to Greece: the same poverty, the same political indignity, the same lowness of character, the same public thievery, the same loan sharking, the same decadence of spirit, the same grotesque administration of carelessness and confusion._
_In foreign books, in magazines, when you want to talk about a traditional Christian country that, due to its progressive decadence, could be erased from the map - Portugal or Greece are mentioned at the same time. Unfortunatly for us, unlike Greece, we lack a glorious history, the honor of having created a religion, a literature of universal model and the human museum of the beauty of art._
@@miguelpimentel5623 don't be sad almost all the countrys haven't got a acient history
@@bigtimegaming1576 i don't fully agree with the writter, i think the last 1000 years of portuguese history are valueable, speacially if you consider with where the first global empire/economy.
@@miguelpimentel5623 i mean bc not only 1000 years
That was a wonderful insight into Greece. Thank You
Great work. Also I loved how perfectly all the 3 movements of the moonlight sonata correlated perfectly with the themes
The economy is actually doing a lot better than it did back then
" Cough cough " coronavirus " cough "
Are you sure about that
@@thelittletyrant5539 Actually we're doing pretty well when it comes to that
@@fungus4347 yeah, we don't. I head pensions are getting cut this year
@@anto11811 im also greek but this is god damn nonsense. Greece gets again even worse
German here, I want to offer a short version of my view of the crisis here. In short: Greece caused the debt problem by itself, but Germany actively made it worse. In the video, it is sort of indirectly mentioned: Debt to GDP ratio skyrocketed after the crisis began - much of that can be attributed to a shrinking GDP. Easy example: Say a country has a debt-to-GDP of 100%. Then the GDP drops by 25%. This means that the debt-to-GDP ratio is now at 133%. This partially explains the enormous increase in debt. What is the cause of the shrinking GDP? A huge part can be attributed to the economic policies that were implemented at the start of the crisis. Important to note: Germany was pretty much responsible for Greece's economic policies with the implementation of the Troika. To put it bluntly, in these matters, Greece was pretty much a vassal to Germany. And Germany was - and still is - obsessed with economic austerity and a balanced budget. Since Greece was spending a lot, huge cuts were implemented on behalf of Germany's government - many of these were to social services. However, this also meant that people had less money to spend, leading to a downward spiral. Germany is really stupid with regards to economic policies, so much so that I'd say our economy thrives (so far) in spite, not because of our politics. So, Germany actively made the situation in Greece worse. But that's not all. In German newspapers, reports of "us having to save the irresponsible south Europeans and lazy Greeks" was pretty common. It was disgusting on so many levels.
I personally am in favor of a debt cut for Greece - also sort of as a payback for a) the Troika and b) WW2 forced loans.
That was actually a rather accurate, objective and non prejudiced assessment.
I’d like to add that the point when we shot ourselves in the feet is with the “cooked” books that allowed us to enter the monetary union prematurely, something that led directly to a huge rise in goods’ prices and inflation.
I think that it is nice to here the opinion of a German upon the matter. Thank you so much for your support. I think that the media' s propaganda really effects the way the people of two countries see each other and it causes me disgust as well. I don't think that all Germans are cruel as they are portrayed by the greek media as not all Greeks are lazy. People need to understand that among large masses one can find individuals with different qualities. The people of a nation can't all have just one characteristic. Oh, and by the way is your username you name or does it mean something? I don't speak German you see.
@@user-hz2dr8fv5u o astronauths
@@user-hz2dr8fv5u I have heard a bit about Germany's portrayal in Greek media, and honestly, I can't even blame them. It's such a shame that things got so bad when the EU is - or rather, is supposed to be - all about cooperation.
My username is my profession - I have a Master of Science in Astrophysics, and my name is literally "the astrophysicist" in German.
@@DerAstrophysikerr Oh my God, that's so cool, congratulations! It is clear from the way you express your self in your comment that you are very educated. You must have worked really hard to get where you are! And also, it makes one hell of a username. I'm a bit embarrassed that I didn't figure it out, it is very clear now. Also, I believe that in that kind of situation everyone is to blame. The Greeks ,and mostly the media that try to keep the people in a slumber, have always tried to blame others for their current state, especially economically stronger countries like Germany. Everybody has played a part but in no circumstance is it excusable to point fingers in such a despicable manner.
loved the music choice in this video. i rarely see a video where an entire piece of music is played and also fits whats being talked about.
you know how that piano song is called?
@@yarnevandervorst4628 beethoven moonlight sonata
I am a Greek and I want to thank you very very much for you video. Special thanks on you from the whole country . Ευχαριστούμε!!!
1:53 for 4000 years the Greek language has been documented. The Greek language itself is even older in these lands, probably from 6.000 years ago, and the Greek people for even longer.
@ erdogan chc, erdogan chic, erdogan, erdogaaaaaan 🐷🐷🐷
@ most historically educated turk
@ imagine being muslim and havin an Atheist correct your Spelling of Mosque.
@ I would be ashamed if I had ur name..burn
@@cageybee7221 it’s how they pronounce it in their own language not everyone speaks English
Egypt and Greece where from the really oldest civilizations in the world also so powerful but both now are going through hard time hope we both can regain our power inshAllah ❤️
XD
that's what our Greek dudes wanna see XD
ameen
Wish you and Egypt the best from greek ❤️
Much love from Australia to all my friends in the Northern Hemisphere! Australia is approaching a crisis with most of our natural resources sold and purchased back for a higher price, severe taxation, government corruption, Chinese ownership of massive parts of our country and industry, and increasing division between the rich and the poor. We will never be as great as Greece and Egypt have been, but my prayers are that we will all overcome and stand in the light together soon
As a greek a have to say thanks to every person who support my homeland, I'm really moved ❤️❤️❤️
This is THE most accurate Greek debt/past history and culture explanation video I've EVER EVER seen yet. As a Greek, it's really hard to find accurate information since most of the stuff happening here is mainly discussed inside the country. Seeing this video makes me happy
If anyone wants to know what the 25th largest island in Greece, it’s called Αμοργός or Amorgos in English.
Did someone say sus?
No. Not again.
I didnt want to know, man
*27 consecutive vine booms*
I accidently read as among us tiktok did me dirty😅
the truth is that greece never recovered from any war.and greece maybe had the most wars than any other country
You were not in War for 500 years 😂.
@@mnimeion also Greek civil war and ww1 and 2
fun fact:
Germany owes 6x the amount to greece than greece owes to germany due to WWII reparations that they still haven't paid back for.
@@starshooter7128 Germany asked Greece to forget about this debt and join the EU(so unfortunately Germany doesn't owe in any european country rn:( )
@@deathsilver1376 I know, it sucks when they say like, "oh cmon greece, you dont want to sour relations now do you?" and get away with it but That's life i suppose.
Despite it's ups and downs, may the future shine bright upon the Hellenic country, best wishes from the pearl of the orient sea 🇵🇭 ❤️ 🇬🇷
As a Bulgarian I hope our countries can pull through, we are both in challenging times, but I feel like bright futures are ahead of us. We need to be optimistic!
Ironicaly, the Greek economy is doing better than Central America and most of South America economies
Well... Panama, Costa Rica, Brazil, Argentina, Mexico, Colombia and Peru are doing better, while the rest of the Latin American states are just so poor that it just wouldn't make sense for Greece to do worse than them. In any case though, that still doesn't make the country's situation any better. Greece, like the majority of world's countries is underdeveloped and exploited
fact, I am from Brazil
@Maverick Phillips not even then it goes way back
Guyana an south american country will be going to be richest in the world before 2030.
@@gazz01 and india will become a superpower
6:59 although to be clear, this has more to do with emigration. More than 500.000 young educated Greeks left the country, meaning not only an instant drop in population, but also a massive drop in the children those people would have.
You guys are just in Germany now like Turks. Greece and Turkey are like brothers who hate each other even though they do the same things. But Greece is sick and not able to find a cure whilst turkey is becoming a superpower
@@eatinsomtin9984 With Erdogan no they go backwards
The thing is Erdoğan killed İslam in turkey by abuseing the ever living shit out of it. this shit that no more İslamic leader again would make turkey even stronger
@@eatinsomtin9984 Turkey will never become a superpower kiddo
@@eternal_riftz8801 Hey kiddo, you know nothing geopolitics, demographics or economics. Shush, you know literally nothing. Turkey is one of the fastest growing countries in the world whether you like it or not little greek child
Your videos are really high quality.
I give it 5 stars.
sheesh how did youtube know i've been curious about this? either way awesome video it helps clarify some things my greek friend has been telling me about the country
As a Greek who still learns about his country, I would love to say thanks for the information and that you deserve a sub! Also a big thanks to all the people who said good wishes about us.
yea true I'm from Greece and I thank all for those wishes
ΑΝΤΕ ΡΕ
Thanks you
As a Greek I have to say that this video is very accurate👍
Και εγώ
Όλοι μαζί βλέπουμε αυτό το βίντεο λες και δεν ξέρουμε την απάντηση λολ
@@emmepatr7197 lol
*CEDDİN DEDEN INTENSIFIES* BURAYA ADALARIN İÇİN GELDİK YUNAN VELET (WE HAVE COME HERE FOR YOUR ISLANDS GREEK BOI)
Same
As a Turk, i just wanted to share this glorious emoji 🇹🇷 (stay humble) 👀
🤣🤣🤣
I was waiting for this 😭🤣
🤘❤🇹🇷🇹🇷🇹🇷❤🤘
BRO! that is a stunning emoji 😍 🙌
It's very glorius. As soon as you see this, you can hear the mehter anthem echoing in your head.
As a 15 year old greek I could add a lot of stuff to what you already mentioned however I can't really do that and I'm glad that my knowledge and what you said in your video mostly agree with each other.
Greece 🇬🇷 will be strong again. Respect and love from Romania 🇷🇴 Ortodox brother's.
I am greek and i hate greece more than anything. I love bucharest tho
I hope things go well for Greece in the future. I've been about 5 times over the years to different islands and the mainland on holiday. I love it there. Amazing scenery, food and some of the warmest people I've ever had the pleasure of meeting. Much love from the UK.
I don’t think it will doom Greece FOREVER but they aren’t gonna have fun for a while…
Respect to Greece 🇬🇷 from Russia 🇷🇺!
Do you support Ukraine or your country
@@technobladeneverdies7247 most of young Russian people support Ukraine, but you have to understand that supporting Ukraine being a Russian person doesn't mean you don't love your country. You have to distinguish between "country" and "state". Country is the place where you were born. its culture, nature etc. State is the goverment. Sometimes the goverment sucks. Or all German patriots were supposed to become nazis in '33? Our goverment is known for its corruption and militarism, and this "special military operation" was the last straw. A person who really loves their country wants the prosperity to it, and Putin's goverment makes everything only worse.
I'm not him, but his nickname "USSR and Iran" doesn't say anything good ☹️
@@hlodovvig im just asking you gave me an entire lecture
Whoever supports Ukraine is a fool
@@hlodovvig Germany is dead
I’m an Erasmus student in Athens now. I bet I will really miss Greece when I get back home. I wish the Greek people prosperity and peace ❤
Me being greek and casually watching the collapse of my country, I already know that is happening btw. But I dont worry, and you know why? Because Greece has been in the verge of total collapse for millennia, so it's the natural circle of things
Bro the Byzantine empire basically existed for its last 600 years on the edge of collapse
@@benc.3128 *roman
@@benc.3128 exactly, it's just a phase, we've been through worse
@@captainpancake8177 Its not incorrect to say Byzantine Empire. Of course they called themselves Romans and Roman Empire, but byzantine empire can still be valid
@@papadstavros true true
I am from Turkey and I like greece, my nation's economy is dying too so instead of saying racial slurs to each other we should be friends and try to find a way to fix our economy and be friends
yep. the nationalist are the loudest and dumpest.we just need to get over the pas and thats it
@@user-ww3km5cx1e Thats because the politics in Turkey. Also the Turkey's background with her neighboors is way too bad to ignore
@@user-ww3km5cx1e You def need to grow up ;_;
cant see that happening soon bro , economic interests and nationalism will never let Greece and Turkey cooperate + never in the past greece and turkey helped each other and will never do. In addition to that Greeks are mad angry to turkey for not accepting international treaties and threaten Greece with war if they try to enforce their rights and ofc Greece will never forgive Turkey for genociding Greeks in Smyrna after they denied the Treaty of Sèvres and destroying the greek army for trying to enforce the Treaty that was actually signed by the Sultan but not by Kemal Atatürk who actually illegally stood up against it. Ah and the Turkish invasion on cyprus on 1974 was the final straw. Also Orthodox Greek Church which is fully recognized by the Greek Government got shit mad on what Turks did to Agia Sofia. Nah Greeks will never accept any cooperation with Turkey and neither Turks will. I could actually try to list all the things Turks did to Greeks but that will have me to write a five thousand word essay
@@ellinakias6440 ah another biased person who doesnt even know what aids and support Turkey and Greece sent to each other 🥰
Love from greece and you make amazing videos!
"Militarily advanced Russia" didn't age well. lol
You’ll never know how this comment got 3k likes ☠️
Well at least Egyptians have one thing sorted in that they actually have a demographically stable future. To be fair, the Greeks could one day turn to Egypt to defend them from the Turks the way things are currently going
@@hpsauce1078 if greece stops being puppet of other countries and stop considering themselves superpower and accept that their ancestors invented homosexuality 🇬🇷🏳️🌈, everything can be good for greece
@@hpsauce1078 Turks are not enemies of Egypt. Wake up from your craziness. There are Turkish minority in Egypt. Some of them are:
Qasim Amin was paternally of Turkish origin.He was one of the founders of Cairo University.
Of Turkish origin, Safiya Zaghloul played an important role in Egypt's political movement and was called "Umm Al-Masryeen"
Cairo-born Ekmeleddin İhsanoğlu is a Turkish politician, academic, and the former Secretary-General of the Organisation of Islamic Cooperation.
Abdel Khalek Sarwat was the first Prime Minister of the Kingdom of Egypt. He was from an aristocratic Turkish family.
Velia Abdel-Huda ("Princess Lulie"), the first Muslim woman to study at Oxford University
Kasim Kutay, CEO of Novo Holdings A/S
The renowned singer and actress Shadia is of Turkish origin.
@@hpsauce1078 Well Egyptians mostly root for Turkey.. Our dictatorship in Egypt that rules the media may give a different image.. But the vast majority of Egyptians would take the side of Turkey in any dispute in the Mediterranean..
@@mightykimo no we wouldnt support a country which is its ultimate goal is to crush us
Spain has a higher unemployment rate than Greece, just so you know
🥺
Really ? Hope they are doing good🇬🇷💙💙🇪🇦
Claro, Abajo el desempleo Y ARRIBA ESPAÑA JODER
Spain is first in total unemployment with Greece coming second, but Greece has by far the highest youth unemployment in EU.
@@billpetrak spains youth unemployement is 0,3% lower than greece what do you mean "by far" LMFAO are you blind or ur pretending to be?
as a greek,all i can say is that this is depressing,greece should have been the one on top,considering its amazing history
Great analysis !!!
Just a correction; 500.000 Greeks have left the country. Fun fact; 10 of my classmates emigrated to Poland... :(
@kira not so sure if generally Greeks want to go to Poland, but a large number of my classmates, lives and works permanently in Poland; Warsaw and other major cities of the country. I don't know how or why but that's a fact!
4mil Greeks alone are in the USA so I dont know what you mean
It shouldn't be a surprise, greece is the second poorest country in the EU. Poland is wealthier than greece. Poland GDP per capita PPP: 42,466, Greece: 36,466.
4:31 yeah Greece's economy is slightly bigger than that of these 5 Countries combined but also:
In 2007 Greece's GDP per Capita was at 23k €, that of N. Macedonia at 4k, Albania 4.5k, Bosnia HG 5k, Serbia 7k, Croatia 10k.
Today Greece is at 20k, Croatia 17k, Serbia 10k, N. Macedonia 6k, Albania 6k, Bosnia HG 7k.
And these Economies have a Debt to GDP of about 40-70% while Greece has about 200% Debt to GDP.
So the Gap will continue to shrink, most likely.
Turkey passed to Greece GDP at PPP.Greece follow to Turkey.But annual is still Greece better but cheap products and population with 86 million and 8 million another population total 96 million huge population advantage and industrial Turkey with %30-40 debt rate.Turkey will grow as before but Turkey have some bad conditiojs as well.Reality:Young educated booming population will give to Turkey more advantage.Greek tourism industry largest than Turkey but now Turkish one 2 times bigger.
Yep, they used to be like a lone country that was rich all by itself I’m in the corner of Europe and Asia, but now it’s just average for European standards but still considered rich for Balkan standards but as you said that will soon change. R.I.P. Turkey will from now on control the balkans and Greece is about 10 years will have to ablige with either doing what turkey says and working with them so at least greek doesn’t have an enemy or keep trying to fight a country that will soon outnumber them 1/10 people. Sorry guys but Greece is dead 💀
@@eatinsomtin9984 it's tough, i'm german-turk so it's good when Turkey takes more control in the region and if Greece is more forced to work together with TR.
But Greece is doomed, alot of their money goes into simply keeping the debt at the same rate, because interest rates on 200% debt will obviously make it grow alot.
Italy has a similar issue, but not that worse.
In an Idealistic world the EU would come together and buy all of Greece's debt or buy it and restructure it so that the interest rates are super low but i guess then Greek Politicians would continue to make dumb decisions.
Damn I thought Croatia was much poorer. Ig that's kinda good at least
@@andrijaerceg4600 It is much poorer lol
Im really happy to see the all the people supporting us. Much love to all of you
Military speaking, Greece is in a good state to defend itself. Numbers don't win wars, technology and geography does.
What about logistics?
As a greek I dont know any more. Its seems like an odyssey the daily life. Have to work 10 hours a day for 800-1000€ it's a bit too much. Also government brings us many refuges that they are becoming a big part of greece even while they are doing bad in our country's. The worst thing of all is the government. 300 people debting greek peoples life without actually need that money
AH yes, good ol' Golden Dawn rethoric
Actually immigrants want to leave Greece but Germany make them stay in Greece.
@@macuma5533 Ah yes,the golden dawn, the supposed nazi party in a country that got attacked by literal nazis. You must be a fool if you think such parties exist unintentionally by the german occupiers in here.
@@macuma5533as a greek thank you
Love from Egypt to Greece 🇪🇬❤️🇬🇷
Thank you my friend love to Egypt from Greece 🇬🇷❤️🇪🇬
@@ironmikegreekgodkarvelaras4089forever together ❤️❤️🙌
@@mennamostafa what about albania
@@drinmaliqi9531 ofcourse Albania we love u all of u guys ❤️❤️❤️
@@mennamostafa thank you 🇦🇱❤🇪🇬
"If the russian future is prosperous" that aged well
That Russian military turned out to be a paper bear
Love the fact that you covered so many points,earned the sub
I love how Egyptian ppl in the comments showing love to my country greece, we where one in Ancient time🇬🇷❤️🇪🇬
i got an Egyptian friend [I am greek]
Don't worry, we are next to you neighbor. Stay strong 🇹🇷🤝🇬🇷
Tesserkurler komsu❤
We don't trust you... We are not sure of your true feelings towards us... We don't know if you respect our history and our autonomy.... our language and our culture. You constantly challenge us in everything.... how can we trust you??
I don't know about others. but I know that not everyone is the same. I condemn the 'Hostile' Policy of our Government. I am sure there are many people who think the same as me. you just have to trust the right person. it is up to you whether you trust me or not.@@user-sf4ps3si7m
Stay strong Greece! I’m with you ❤️✨ 🇬🇷
Love your videos, very informative. One small comments: please change music choice and lower the volume
Just discovered your channel and I am instantly a fan. Love the objective and well presented videos and also the humor in your art. SUBBED!
Man as a Greek this is 100% on point just a perfect perfect video and it's been a year since but everything still applies
Thank you for this video, for taking your time to do all this research and being respectful. I hope my country can bounce back from this, even though I have also been looking to leave the country as a young person. and much love to everyone in the making nice comments from all these other countries
If Greeks have a say in it, Greece we be alright.
still gotta pay taxes though...
@@jordycorvers7465 Do you think the average greek person is evading taxes? The big ones do that as they do it in your country too, no matter where you come from... Don't throw stones at your neighbour's if your own windows are glass... You are all saints! I'm tired of hearing passive aggressive stuff like that...
We gonna right 😭😭😭
When Greeks are divided and can't agree, that's when problems happen.
@@billpetrak Weeeeeelll,if you read our history so far you'll see that infighting is kinda our thing really. From antiquity till today. Heck,not even our rebellion in 1821 and subsequent war of independence stopped us from fighting among ourselves. What I mean to say is that yes you're correct. We rarely agree and unite but when we do we kick ass. Persian Wars Byzantine Empire War of Independence resistance against the Italians and Germans resistance and rebellion against the military regime of 1967-1974 just to name the more iconic ones. And yeah mainly the rich and powerful evade taxes
Much love to Greece, our best friends and fellow Orthodox Christians of old. 🇦🇲❤️🇬🇷
Greeks will always love Armenians
stay strong greece one of the few countries in the world that has held fast to their ancient culture 🥺🥺love from India ❤️
Love back to you, India one of the most ancient countries with unique civilization. Greeks and Indians had fought each other but also had fought side by side in ancient times.
@@atreast.4331 Agree the selucid empire and Mauryan empire were alias in that time .
Nice video, congrats
Great video! As you said, the Greek debt is a big issue in Germany. But I never had the chance to get a non-German view on the whole situation.
I really hope they will develop the EU more into a federation of equals!
Mister Fountouris gave his point of view here :
ua-cam.com/video/jOKuNAdMIEI/v-deo.html
european countries will never be equal
I am a greek who lives in Germany and I will go back to Greece to help my country by recovering
That's awesome man... or woman hope things goes well for you over there and you like your new life in greece.
@@MrExtraordinaire16 i am a turk who lives abroad and i will go back to turkiye to help my country by recovering
@@returnmonke9654 wow that's awesome man it's so cool seeing people going back to there country so that they could help it out. It's really awesome seeing people like you guys in this world.
@@MrExtraordinaire16 none of them will
@@MrExtraordinaire16 🤣
it's really sad that a country as beautiful and with a rich heritage as greece is suffering so much.
It'll get better, don't worry. Stay strong, Greeks. Sending love from India!
Russia being "more military advanced" than the EU??? Don't think so.
Cradle of western civilization will raise again , I pray. Thanks for everything you given to whole world. 💪
Raise again...nah...thats unlikely
@@HelloIdkwhatname smells like jalousy over here.. lucky you are nobody and your words will change nothing and your idees are worthless too the world . You are afraid for greece too raise again and it will raise again cause we the youth learned and educated ourself and are determined .
@@HelloIdkwhatname The grammar killed me
Western society and eastern society fans come in :
As a Greek all I have to say is that you just got yourself a sub
Good video although the Russian part turned out wrong we had no way of knowing at the time.
Bro this is the first video that almost every comment is being nice to us Greeks thanks brothers
This has got to be your best video yet
I know this was made 6 months ago but the Turkey economy part aged well
yes like fine milk
As a Greek citizen am proud of my country becoming richer as time goes on let hope my homeland get better.
Bro said richer 💀💀
@@loos8672 Yeah it does get richer
Richer? 🤣🤣🤣🤣🤣🤣🤣
@@loos8672 Ye we gettin rich what about it
@@loos8672it is the sordid narrative of the current government that some must support.
Nothing wrong with this vid except from the term Macedonia. North Macedonia or Skopia but not Macedonia. Macedonia is a region in Greece
Nice video however there is no country called macedonia 04:38
you get the point...
Yes there is
Congrats on 1k subs! Persevere and you will reach 50k!
I’m from Greece and I’m very worried about the economy and the invades from Turkey. They have been very aggressive the last 2 years and I hope everything goes fine😢
I love your videos and your analysis. Where do you get the demographics data? I would like to see how my country is doing
Your video in general is pretty accurate (especially where you show that despite popular belief Greece remains a first-world country), but imo it reflects 2015 public opinion in Greece more than 2022 public opinion. Right now, if you add up the electoral share of all parties that want Grexit, you would have about 10%. While it is true that in 2015 maybe a majority of Greeks would be open to leaving the Eurozone, nowadays it is a non-issue, with no major party supporting the idea, and it is never discussed as a solution among normal Greek people.
TLDR: Grexit in 2022 Greece and Europe is as unlikely as covid magically disappearing tomorrow
As long Greece uses Euro, it will never really recover.
Normally, a country would've devaluated its currency to make its economy more competitive. Sad to see Greece transform from a moderately complex economy to a dumb tourism economy like some sort of Caribbean island.
grek has greek god they win
Greeks don't hate Turkish people,
Politicians make sure to nourish the conflict from both sides. The people just want to be left alone to deal with our own issues,
Because of the country's debt my family has been struggling a lot financially, despite my dad having a good job. I just wish that this could end already
overall a good video but many inaccuracies on the economic side. A big one was that greece had a 50% debt cut which wasnt even close if you examine the details of the deal
11:22 soooo you mean the next century will be just like the past ten have been? Boring!
Plus, this has pretty much always been the case. Greece has a record of beating much greater foes than itself and even in 1821 one could say that the Revolutionaires were just crazy and would definitely lose.
The British saved them
@@user-gp5xc4tj4l Greece v Turkey is much closer than Greek revolution v Ottoman empire. Most of the armies the greeks faced in the war of 1821 were from egypt.
@@heroicnerd6404 and egypt were under ottoman rule lol
Although things seem troubling, I believe we'll be able to make it. We have been since basically the start of history. This is just one more obstacle.
a part 2 to this would be nice :D with everythin thats going on right now it would be highly unlikely that greece will turn to russia, would be interesting to see if there situation changed with all thats going on in the world right now ^-^
Yea. Economics have taken a bad turn for everyone. There are many allowances that are being given and probably go unappreciated. Like KEA and the allowance for crippled people. The first should perhaps be stopped and the second reduced because so many people are getting fired from the private sector for instance and it's not fair for them. The state should save as much as it can but also make sure that all have a roof over their heads and a plate of food availiable.
Seljuks were %25-%45 EA and modern Turks are %7-%22. Cope.
@@xdd87 What is EA?
@@Cloud-cp1zz East Asian admixture.
@@xdd87 Yea the goverment should show kindness to the poor whenever possible.
Your video was pretty good and accurate until you started talking about the crisis like it’s still 2015. It’s not. It’s 2022. This video came out 6 months ago, so I don’t understand the pessimism. Also, seriously, since grexit didn’t happen in 2015, you can be damn sure it’s not going to happen now. And Greece leaving the west for Russia? Because we are both orthodox? Come on man that is just laughable. Greece is out of the crisis, stop perpetuating something that is just not relevant anymore.
I was thinking the exact same thing.
so youre telling me , greece is doing fine now? okay thats noice.
@@odyseehasdislikesyoutubesu1892 no its not.
its doing shit, salaries are a joke and cost of living is expensive as fck
@@chriscommons7915 I am tired and was not going to comment. So I was reading others comments. Panos has had the most accurate response that I have read so far and said a lot of what I also know for a fact. Therefore I agree with Panos and Chris. Cheers guys.
193.3% debt to GDP sounds like out of the crisis to you?
6:17 nice added letter to the map :3
Germany's austerity was the wrong strategy for Greece... It started slow but kept going and going until the taxes went insane. The indirect bankruptcy of 2012 with the PSI cut was potentially worse than a real bankruptcy cause it just put the debt cycle in a loop. Now after the pandemic , combined with the energy crisis, Greece will face problems again... If there is no actual debt cut it is a matter of time to have the same problems.
As a Greek in my late 20s, I'm really fed up with all that.