In recent years, the world has seen a rise in civil disorder. Many Middle Eastern countries have experienced nation-shaking protests, and Greece, perpetually in debt with a shrinking economy, has seen violent demonstrations of its own.
“When you give a teenager a credit card with no supervision, they max the debt,” economics professor Costas Azariadis said. “That’s what Greece did.” Azariadis believes that Greece is in a terrible financial position and needs to make large changes to overcome its economic woes.
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