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 ::Hello Costas, I would say the situation is similar to the Italian one. The problem is that a ""caretaker"" (in Italian we name it ""technical"") government pursues political decisions too (in Italy, for example, they are extorting from the house owner a monstrous ownership tax, instead of looking for the tax evaders).  This money then is used not for investment, but to pay wages and privileges to an overgrown and rapacious political class and to millions of state employees. I am afraid that only something like a finance default can force the system to an hard reset...   "