Well, one problem is that Germany kind of "out-produces" most countries in terms of cost & quality right now. They are no more record holders for Europe's higest amount of experts, but they are still close.
Which means that other countries like France, Greece etc. rather import - thus rather giviong the money away than keeping it in the country - and don't get many boyers in other countries anymore.
In my opinion, what Greece had to fulfill in order to get money was quite harsh. The economy of more or less on the ground right now.
The only positive is that Greece has begun a fight against corruption. It is astonishing how much money politicians and cheaters were able to take.
All collective bargaining expired on May 14, 2013, and it has been replaced by individual contracts where workers become hostages of their employers. Base salary went tumbling down to 500 Euros monthly (400 for young people) - not to mention a retroactive salary cut of 22 percent (32 percent for youth) in February 2012.
This reminds me of the "wage slavery" I posted elsewhere about.
One thing no-one else writes about is that seemingly members of the Greece army or / and police are intercepting those who try to get to Greece by boat from Afrika on the open sea, bounding them, and leaving their boats alone after making them unable to move.
The wish not to get any immogrants from Africa into Greece seemingly has led to illegal "taskforces" which try to intercept possible immigrants and making sure that no-one enters the country.
However, a similar, although not as harsh and brutal thing is currently happening with Spain as well.
The anthropomorphism of the market is illustrated when "markets" are used in the mainstream media in sentences such as "the markets showed satisfaction today" or "the market is struggling," and "we need to convince the markets," "we should appease the markets," or "let's wait and see how the markets respond.
Well spotted !
All in all this is a very good, yet harsh, article. This is a person who thinks in "patterns" like I do.