> I’d only add that the corrupt elites were not only overspending, but they were involved in vendor finance scams. Hundreds of millions in bribes on some single deals. The credit came through to sign the contracts, and the bribes were rolled into the contracts. On one deal alone, Siemens, you had the Greek defense minister take hundreds of millions to approve a tens of billions deal. He is in jail, so are members of his family, but then there are 64 others being prosecuted as well for this one deal. Think about it, hundreds of millions spread to 64 people (who probably doled out more themselves).
> I’d only add that the corrupt elites were not only overspending, but they were involved in vendor finance scams. Hundreds of millions in bribes on some single deals. The credit came through to sign the contracts, and the bribes were rolled into the contracts. On one deal alone, Siemens, you had the Greek defense minister take hundreds of millions to approve a tens of billions deal. He is in jail, so are members of his family, but then there are 64 others being prosecuted as well for this one deal. Think about it, hundreds of millions spread to 64 people (who probably doled out more themselves).