History has seen worse economic collapses than the depression Greece is experiencing today
Advertisement
On Sunday, Greece voted against accepting a bailout proposal from European creditors, and after that, Greece's finance minister Yanis Varoufakis resigned. These are just the latest wild developments in Greece's years-long economic depression.
Advertisement
Although everyone knows that the Hellenic Republic's economy isn't doing so hot right now, it helps to see it in historical context.
RBS Economics tweeted out a chart that shows the largest falls in real GDP in currently advanced economies since 1870.
Greece's current GDP collapse was lumped into this selective group. While it certainly wasn't the worst we've seen in recent history, it's notable considering it was one of the few that wasn't war-related.
Advertisement
Next StoryAdvertisement
I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
From terrace to table: 8 Edible plants you can grow in your home
India fourth largest military spender globally in 2023: SIPRI report
New study forecasts high chance of record-breaking heat and humidity in India in the coming months
Gold plunges ₹1,450 to ₹72,200, silver prices dive by ₹2,300
Strong domestic demand supporting India's growth: Morgan Stanley
