Focusing exclusively on the monetary aspects of the Greek crisis the media misses much of what disturbs the Greeks and also what might make a solution possible.
For over half a century, Greeks have lived in perilous times. In the 1930s, they lived under a brutal dictatorship that modeled itself on Nazi Germany, employing Gestapo-like secret police and sending critics off to an island concentration camp. Then a curious thing happened: Benito Mussolini invaded the country.
Challenged to protect their self-respect and their country, Greeks put aside their hatred of the Metaxis dictatorship and rallied to fight the foreign invaders. The Greeks did such a good job of defending their country that Adolf Hitler had to put off his invasion of Russia to rescue the Italians. That move probably saved Josef Stalin since the delay forced the Wehrmacht to fight in Russia’s mud, snow and ice for which they had not prepared. But, ironically, it also saved the Metaxis dictatorship and the monarchy. The king and all the senior Greek officials fled to British-occupied Egypt and, as new allies, they were declared part of the “Free World.”
Meanwhile, in Greece, the Germans looted much of the industry, shipping and food stuffs. The Greeks began to starve. As Mussolini remarked, “the Germans have taken from the Greeks even their shoelaces…”