5.4 Trillion Dollars In Wealth Gone Because Of Greece?

In finance circles, Greece rises to the top of the list of concerns. Unsurprisingly to debt market observers, the Greek debt crisis has been years in the making. Here’s a brief review and some quantitative speculation on how much paper wealth is missing because of Greece. Greece – the 1980s The beginnings of the Greek debt crisis started in the 1980s.  The Greeks, like many other nations, were loose with money.  The Greeks, in particular, showed an abnormal love of government spending.  The government spending boom happened under both the center-left PASOK party or the center-right New Democracy. As empirical background,…