Even after the EU bailout of Greece, and the subsequent austerity imposed on its citizens, not a single indicator shows that the Mediteranean nation is emerging from any sort of depression. In fact, both economic production and tourism, the two mainstays of Greek economy, are spiraling down to historic levels.
Surprisingly, most bookings from abroad this year originate from Italy, followed by Britain, Spain, France and Austria. One in four clients the agency handles chooses Greece as its destination.
This is why Greece is simply a microcosm of what will occur to most of Europe in the future. As former Prime Minister Margaret Thatcher once said: "The trouble with Socialism is that eventually you run out of other people's money."