Beyond its sun-drenched islands and remarkable history, Greece spent over a decade defined otherwise: unsustainable debt, everlasting unemployment, and a dormant economy. The country was not well-equipped to endure the consequences of the global financial crisis after a prolonged period of borrowing and excessive ( yet unproductive ) spending. Deep structural issues turned a blind eye to tax evasion and allowed for the misreporting of national statistics, resulting in the ine

Even though centuries separate them, seventeenth-century France and twenty-first-century Europe are confronted with the same question: should society place its faith in laissez-faire policies, or should the state intervene when faced with a macroeconomic problem? Across time, it seems the economy repeatedly falls into the same dilemma. In detail, throughout the 17th century, France, under the reign of Louis XIV, was involved in decades of continuous warfare, including the Th