Greece

In the Greek parliament the Socialist and Communist control 180 seats and the conservatives control 90.

Greek wages are set at artificially high levels and the result is poverty and unemployment. These effects, however, are partly counteracted by the profligate spending of the Greek government. To finance the spending, the Greek government simply prints bonds. (sound familiar)Transferring new funds to the Greek government, the banking system buys these bonds and uses them as collateral for new loans from the European Central Bank (ECB), which thereby monetizes the government deficit. The Greek government uses the new money to pay for early retirement schemes, an army of public servants and generous social benefits. The Greek economy’s lack of competitiveness is thereby sustained and increased.

Among the benefits are free tuition and text books for all public education.

Free health care for all citizens

Full retirement benefits at age 61and earlier for certain professions. Benefits are 80% of working pay

Government provides disability benefits and unemployment benefits

There are many other strange benefits I will not list except one as an example. If you are a hair dresser you can retire at age 50 because it is deemed a hazards profession

To quote Margaret Thatcher: when you have a socialist government sooner or later you run out of other people’s money