Credit rating agencies go after euro

In 2004, PM Karamanlis clearly had a choice before he went on discrediting Greece right after assuming office. Clearly he shouldn’t have done that as nothing good came out of it.

Nevertheless, the death blow was dealt by PM Papandreou in 2009 while unveiling the catastrophic results of the polices of his predecessor effectively discrediting the country once more. I’m not sure if he had a choice at this point or not. 

One thing is clear: in 2004 Greece was at its best shape ever and looking at a better future. It had also just elected a new government that claimed to “re-institute the state” and make extensive reforms. It took just one incompetent PM and five senseless years of inaction, corruption and populism to bring the country to its knees by 2009.