Arguably the EU's. Most of Greece's ability to borrow is based on the fact that their currency was tied in with more responsible nations' balance of payments sheets. The existence of the Euro was one of the necessary factors that created the entire Portugal/Italy/Ireland/Greece/Spain issue.
Or arguably Greece alone for its ridiculous retirement and pension laws, avoidance of tax payment, etc. The blame here can be laid at almost anyone's feet.
Greece's troubles were inevitable before the crisis. The crisis was just the catalyst for the *when,* not the if.
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Date: 12/5/10 13:17 (UTC)Or arguably Greece alone for its ridiculous retirement and pension laws, avoidance of tax payment, etc. The blame here can be laid at almost anyone's feet.
Greece's troubles were inevitable before the crisis. The crisis was just the catalyst for the *when,* not the if.