FYI: In the past six years the Greek economy has gone through a massive adjustment at a steep price, with unemployment currently at 22.5 percent and youth unemployment at 49.6 percent, and lost output of about 26 percent. The current account and primary government budget balances have been brought into surplus; Greece now has the largest cyclically adjusted primary budget surplus in Europe, at 6.0 percent of potential GDP
Regards,
Ted
http://www.ritholtz.com/blog/2015/01/the-greek-economy-which-way-forward/print/
