WRONG.

The loans from GS were low interest and the damage was done long before they turned up.

Sure Andreas Papandreou was a crook, and made money from kick backs, but it was the client state he build destroyed the economy.

You spend massively more than you take in in taxation, you run massive deficits just as PET did.

Greece never had a Mulroney to raise taxes or a Martin to slash spending.