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

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.


Tagged In

greece moneygame-us