Originally Posted by Jabbar Raheem

failed start (Greece couldn't capitalize on marshal plan like other EU [ERP])
GFC 2008 shock laid open weakness
Failing Public Sector Institutions and resulting unemployment
Excessive Debt servicing and Debt accumulation
Resulted in liquidity crisis
resulted in political crisis so socialist tspiras became PM and denounced SAPs
EU and IMF rejected to bailout unless previous debts repaid or SAPs implemented
So, Greek Crisis precipitated