GREECE: What A Welfare State!

We were just looking over Paul Krugman’s presentation on inequality and welfare, and thought these three charts were really funny, as they help dispel a popular myth about Greece.

It turns out that back in 2005 — long before the country went bust — welfare was really low in Greece for the unemployed.

chart

Photo: Paul Krugman

And…

chart

Photo: Paul Krugman

And…

chart

Photo: Paul Krugman

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