Has Debt Ruined Greece Forever? 

Fun fact Haiti was the first country to recognize Greece as an independent nation

This reminds me of the fact that I am in crippling debt to the US government and currently in hiding

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.

One thing often overlooked, is that after the Fall of Constantinople, Greek scholars fled to Italy and helped bring about the Renaissance.

I hope all the best for greece, our old ancient brothers, much love and respect from Egypt 🇪🇬 💖🇬🇷

Nice. Though it should be pointed out that a Grexit is far less likely today than it was during the height of the crisis.

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.

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

I hope all the best for the greeks-our dear friends!From Bulgaria

As a Greek, this is one of the few accurate, well made and informal videos about my country! Congratulations, sir! Much repsects! Συγχαρητήρια 👏👏👏

It's crazy to me greece has more merchant ships than china or usa

As a Brazilian who also have a challenging future: Stay strong Greeks We're all going to make it 🇬🇷💚🇧🇷

Love greece from serbia, hope they will fix their problems

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

I hope our nations will be friends one day Love from Turkey to Greece 🇬 🇷  🇹 🇷

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.

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

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

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.

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.

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.

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 ❤️

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.

the truth is that greece never recovered from any war.and greece maybe had the most wars than any other country

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

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.

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.

As a Greek I have to say that this video is very accurate👍

As a Turk, i just wanted to share this glorious emoji 🇹🇷 (stay humble) 👀

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 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 🇷🇺!

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

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

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 ☠️

Spain has a higher unemployment rate than Greece, just so you know

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... :(

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.

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.

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

Love from Egypt to Greece 🇪🇬❤️🇬🇷

"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🇬🇷❤️🇪🇬

Don't worry, we are next to you neighbor. Stay strong 🇹🇷🤝🇬🇷

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.

Much love to Greece, our best friends and fellow Orthodox Christians of old. 🇦🇲❤️🇬🇷

stay strong greece one of the few countries in the world that has held fast to their ancient culture 🥺🥺love from India ❤️

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!

I am a greek who lives in Germany and I will go back to Greece to help my country by recovering

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. 💪

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

As a Greek citizen am proud of my country becoming richer as time goes on let hope my homeland get better.

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

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.

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.

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.

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.

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.