I have a few questions about the Greek economic crisis:

Regarding the debt crisis in Greece, I suggest you go and see1October17 Lao Liang's TV talk show "Daily Taste Review"-the crossroads of the European Union. It gives an incisive description of Greece's debt crisis.

The root of the Greek crisis is not that Greece has joined the European Union, but that the institutional development of the European Union has not yet reached a perfect level. The EU has 17 member countries, which form the so-called euro zone. However, although these countries have completed economic integration, they have not established a unified Ministry of Finance to restrain them and prevent some countries from spending money indiscriminately.

The direct cause of the European debt crisis is the outbreak of the Greek debt crisis. Why did Greece borrow money at all costs? The reason lies in Greece's extremely generous welfare system. In Greece, people live an almost enjoyable life. However, such a life costs a lot of money, which means that the maintenance of high welfare policies must be based on sustained economic growth, especially the growth of the real economy. The value of the Greek labor force is particularly high, and the average daily workload of individuals is only three hours. What do you think of their real economy? When the income could not meet the high welfare expenditure, the Greek government decided to reduce the welfare treatment to prevent the crisis, but the Greek people were ruined by the high welfare. They don't care about the country's difficulties at all, but only consider their own enjoyment, so a large-scale demonstration broke out.

If politicians want to win the general election, they must please the people like Papandreou, so they promise not to lower the welfare policy. What do we do? We only borrow money, so the crisis comes.