I get it. No one wants to listen to economics from a greek, but it needs to be said.
Wolfgang SchΓ€ubles policy on greece was broken, backwards and fundamentally confused. He thought he was doing the right thing, but even he by the time of his death realized his plans failed.
Make no mistake, reforms are good, absolutely good. But when it comes to debt, then comes the fallacy of composition. Debts are not bad for a state. Whats bad is investment mismanagement and corruption. With austerity measures all youre doing is punishing the legitimate institutions more.
The correct solution would have been major major reforms and not austerity. Greece does not receive donations, it lends money obviously. And modern economies live off of debt. So austerity is just punishment on top of a people that is punished due to a bad economy.
Greece and europe would have been in a far better state if they instead re-assessed laws, legal institutions and loopholes inside of greece and force pushed them through parliament, not to mention if they force removed carrer politicians. Like "why is this paper pushing law here", "why is this fake position here", "why is this not digitized and automated", "why is public infrastructure so slow to move packages" etc.
Theres people who have actually parsed data and all they've seen is that greece's modern economy is actually still based on bullshit and lies again (houses government expenses), while other nations like the so called "poorest countries" of the EU are actively growing alternative sectors. We are even falling behind on product complexity. So nothing was really achieved.
Also something people forget to mention:
Economic Complexity Index (ECI)
How complex a product is, which which is also a good indicator. Other nations in the same category as us in the EU (poorest) are producing more and more complex products. We're very slow to grow our ECI.
Turkey is far better than us even if they devalue their currency every few years.
>Greek complaing about countries who get free money from the west