One chart shows why the Greek economy is a mess

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This chart, from a note written by ING's Mark Cliffe earlier this year, shows why Greece's economic troubles deserve to be described by the word "crisis."

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This chart, of real gross domestic product for several European countries, shows how Europe's economic fortunes have changed since the financial crisis in 2008. Only a few countries are back to producing as much or more than they were at in 2008.

Many are still worse off. (It's worth noting that this chart is a bit old, and Finland should be down below Spain these days.)

Greece... Greece is an outlier, with its economy more or less decimated.

realgdp

Mark Cliffe/ING

(via @felixsalmon and @RobinWigg)

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