--Greek growth rates were highest during the 1950s, often exceeding 10%, close to those of a modern "tiger economy".
--The rapid recovery of the Greek economy from 1949 was facilitated by a number of measures, including (in addition to the stimulation, as in other European countries, connected with the Marshall Plan) a drastic devaluation of the drachma, attraction of foreign investments, significant development of the chemical industry, development of tourism and the services sector in general and [..]massive construction activity connected with huge infrastructure projects and rebuilding in the Greek cities.
--The high growth period ended abruptly in 1974 with the collapse of the military junta.
-There is no Marshall Plan, there is only a Merkel plan.
-Can't devaluate currecncy.
-Millitary junta is not likely to happen.
only way out for greece is to drop out of eu, and go back to drachma. beggar nation with no productivity does not belong in eu in the first place. greece joining eu is like a peasant trying to enroll in harvard.
You're right, those are problems, but I'm a firm believer that human ingenuity will find solutions to any problem. While those factors helped lead Greece to its post ww2 recovery, they are not the only possible roads to recovery. If it comes right down to it, Greece may simply exit the Euro, while some may see this as a bad thing, I do not.