Right, and their economy is in free fall. I'm not saying you can't do it, but that cost to doing it is ever-increasing.
As an aside, our unemployment is a funny number in that it doesn't include people who have given up looking for work. I think that category is the highest it's been in a while, or in US history. I'm not sure if Greece calculates it in the same manner.
It's just a different cultural value -- not every culture values the green dollar as much as America or the UK or likewise. Is it the best for your GDP? Probably not, but it's honorable. "Cash is King" is not something you hear many Greeks say about one another
Cash is king because you can still use it in times when the banks/ATMs only allow you to withdraw 300 euros.
Lenders who issue loans to organizations who won't ever be able to pay them off aren't a group I care very much for protecting, either. They were sophisticated investors who knew the risks. Greece is a sovereign state, and its first obligation its to its people.
Past Greek governments sure looked like they loved other people's cash a lot for having borrowed so much of it.
It's funny how that distaste for money and accompanying virtue signaling only managed to manifest itself once it was time to pay back all the borrowed cash.
Therein lies the distinction. The government of course loves the money. That's why the people are fed up with the greedy politicians and bankers.
> It's funny how that distaste for money and accompanying virtue signaling only managed to manifest itself once it was time to pay back all the borrowed cash.
It's funny how this statement proves you have absolutely zero knowledge of the culture and are projecting your own pessimistic views on people and societies onto one you know very little about.