The Greek fiscal crisis: Both caused and exacerbated by statism

In 2008, government spending consumed 50.9 percent of economic output in Greece according to OECD fiscal data. That same year, Greece's score from Economic Freedom of the World was 7.12 (on a 0-10 scale), which was rather poor for a supposedly developed country and only #60 for all nations. Then the fiscal crisis hit and Greece supposedly has atoned for its profligacy and gone through a tough period of "austerity" to reduce the burden of government spending and cut back on onerous levels

In 2008, government spending consumed 50.9 percent of economic output in Greece according to OECD fiscal data. That same year, Greece's score from Economic Freedom of the World was 7.12 (on a 0-10 scale), which was rather poor for a supposedly developed country and only #60 for all nations. Then the fiscal crisis hit and Greece supposedly has atoned for its profligacy and gone through a tough period of "austerity" to reduce the burden of government spending and cut back on onerous levels of bur…