The Greek financial crisis has been the greatest economic tragedy in Europe since World War II. Fortunately, it has abated, allowing us to draw learn from this disaster, which instructs us how the European Union ought to develop.
According to Eurostat, the cumulative decline in Greek gross domestic production from 2008-13 was no less than 30 percent. GDP contracted marginally in 2015 and 2016 as well, so Greece recorded eight years of shrinking output.
Other statistics are simila...
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Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.