Maybe Greece should start a GoFundMe or something.

I am currently being cautious about making new purchases to avoid falling into a bear market trap. Making money in stocks becomes challenging when institutional investors are actively driving the selling. However, I came across an article about individuals who managed to earn profits of up to $150k during this market crash. If you are interested, I can provide recommendations for the best stocks to consider buying now or adding to your watchlist.

Hello John! I am a 16-year old fan from Greece! Thank you for taking the time to explain what is going on in my country.Everytime I pass by an ATM there are at least 15 people waiting, the city center is full of homeless people who are begging for food,children pass out at schools because of starvation.People are depressed,they are desperate,they've lost hope,young people have no ambitions.Both of my parents are now unemployed and we visit an ATM every single day to get ONLY 50 euros...I know that there are people who have it way worse than I do, but i just want people to understand how tragic the situation is.

The Euro is such a risky thing. In order for the currency to work all participating countries must have in-sync economies. And there's a major difference between the Western European economies and the Eastern. I hope things work out in the end.

Thank you so much, John, for, like, having the most stress you have ever had in your life and still making a thought-out, intelligent, informative, objective, over-7-minute video for us. I am German and I often don't really catch up on all of this stuff (although obviously everybody is talking about it all the time), because it is kinda exhausting me and I don't think that I can judge anything or anybody because I just don't know enough and hate it when people think that they know the 100% right solution to the problem and the others are just simply wrong. There is a lot of "not imagining things complexely enough" involved in most discussions. So yeah, thank you.

Why does it still amaze me that I can spend an hour trying to understand the financial crisis in Greece, to no avail, then watch/listen to John talk about it for less than 8 minutes and understand the financial crisis in Greece?

"We cannot share a continent effectively..." - J.Green. This quote just blew my mind. Awesome Mr.Green.

THANK YOU THANK YOU THANK YOU for this video. As a Spaniard supporting Greece's struggle and the need for a united Europe, it is very refreshing to hear you speak this way.

I just wasted three days trying to understand something that you cleared up for me in under 8 minutes. This is why I love being subscribed to you, John :)

Finally I finished watching all of the vlogbrothers videos (except for the missing one). Took me 5 months, but it was worth it!

The real problem is one currency + multiple economic policies

I love the way you add the human element to the issues you discuss. At the end of the analysis and arguments, it's people we are talking about. Another brilliant vlog.

If only getting to understand the problem was the same thing as getting to seeing the solution...But it's a good first step, I suppose. Thank, John.

First of all:this is very informative. It helps me understand the situation a lot better, thank you for continuing to be so intelligent, and for wanting to spread that to others. Second of all: you answered my question on Dear Hank and John about a week ago, and I just want to say thank you. It was about some...habits that I have, and you were so gracious and thoughtful in what you said. I've had several doctors (not mental health doctors, just pediatricians), teachers, and family members just tell me to "stop doing that", and it made me very emotional to hear someone (two someones who I adore) say "we're sorry, and this is part of who you are, and you deserve support." This has nothing to do with the video topic, but yeah. I'm going to try to see a mental health specialist as soon as I can. Thank you for everything John. DFTBA.

These really are my favorite videos that you guys make. It's always a struggle for me to understand current events, and I love that you guys can give the proper back history for viewers to get a full picture. Thank you.

THANK YOU JOHN

John saying "cidades de papel" I JUST CANT

Drachmas make me think of Percy Jackson.

John, you have a way of explaining things that makes it extremely easy to understand whatever it is you're choosing to explain. Thanks for these videos.

As a Greek it is nice to see someone trying to inform the others about our situation.But John ,Hank and everybody else ,it is not that simple...People commit suicide because they do not have money to survive or suffer from depression...the unemployment is over 47%...and these are just a few problems that Greeks are facing.And trust me,it is quite hard to be a 19yo student in Greece and away from the city you grew up.I do understand the "hate" that some people and Europeans have for us,but we suffer from that huge debt.So ,everybody, please inform yourselves before typing a comment and stating an opinion based on lies and not facts. (if you are about to write a hate comment ,please don't! I've had enough of those...)

I'm glad that your educational videos can be more than 4 minutes long; that would have been hard to explain in the given time

Thank you John, even with the huge amount of stress that I'm assuming you're under, you've still taken the time to talk about something relevant and even interesting, as well as helping those people like me who had absolutely no idea what was going on with Greece to understand. Thank you, hope you've been well xx

YES THANK YOU! I was just thinking about how much I needed John to explain this to me!

The man on the video tries his best to explain the situation while the comment section is dominated by generalisations fit elementary school children... If those problems were that easy to solve as some comments would suggest, they would had been solved already.

I visited Athens two weeks ago! I could definitely feel the uncertainty that hang in the air over the economy. There were a lot of people desperately asking for money on the streets or selling things. My friend got his phone stolen. Most of the local businesses asked only for hard cash when paying for things. It was little nerve wracking, but not terrible. The ATMs worked too. But... now I know that it may be more worse now.

Thank god the UK isn't part of the Euro

I was hoping he'd talk about this.

I owe you a huge thank-you, John. You posted this right as I was trying to come up with a topic for my macroeconomics research paper. Obviously, the information and sources you provided were not the only ones I used, especially since events continued to unfold even as I researched, but it was a great starting point, and I don't know that I could have wrapped my head around everything without this nice little summary. I ended up getting an A on the paper, and my teacher was impressed at how I managed to tackle such a difficult and ongoing topic. I definitely, however, would not have been able to cover this without your video, and I don't know that I would have found a suitable topic. So thanks again, John.

Correct me if I'm wrong, but didn't Greece agree to cancel 1/2 of Germany's debts from WW2 in like 1953?

Let's hope Greece stays together and overcomes this, because I need to travel there in my lifetime!

I can't imagine how difficult it is to research, comprehend, and then form an almost eight minute video regarding the topic of a country's financial history and current economic position so that others understand.... Thank you, John.

Thank you so much! I've been waiting for this video for so long!

Hi, John, I'm Ana, from Bulgaria (north of Greece) and right now I'm studying law (just had exam in European law) and I love how objective your videos are. You explain very complex problems, so that everyone can understand them (now mather if they study law, economy, if they live in Europe next to Greece or on the other end of the world). I congratulate you (and Hank) on that and all of the other projects! Have a great week and keep up the great work! :)

Wow, thanks for all the information! I needed it desperately. I also love the fact that, though their careers are growing, the Green brothers still care about educating people.

I look forward to these kinds of videos every time you guys make them. They're fun to watch, and informative.

Love the fast pace in this video. This is what i love about youtube. 8 minutes giving me info that the state owned television in Denmark would have used hours and weeks for. Thanks.

You explained this way better than my economics teacher, and it's only 7 mins long! :D Thank you so much for another very informative video♡

Puff levels are high today

I learn more here than I do in my Econs class and it only took 7:41 minutes. Bless you man!

This has nothing to do with the topic of this video, but your voice is soothing and I needed that. Thank you for putting your voice out there.

1:44 Sorry John, but that was a full blink. Shame on your eyelids.

Well damn, you just pretty much summed up everything that's being going on in my country the past few years. Personally, I've been a fan of yours for quite a long time, reading books, watching movies etc and I kind of feel the need to comment. In my perspective, being a Greek teenager, it's quite difficult to fit in the current Greek society, having literally not much of a hope for my future, my studies (which are very very close) and then my search for a job that's going to help me settle down and have some sort of financial ease. Me and many many other teenagers in general are 'forced' to imagine a future abroad. Choosing to follow the foreign language studies (probably French), I personally don't have much of a future here. I need to find a way, probably after my studies, to travel abroad and eventually settle there. That may cause other problems which are the current most faced ones by the Greek families. Personally, my family could be classified as 'the middle class' to 'the ones who were influenced by the economic crisis in a level that's very noticeable' may I say. The fact that I have to find a way to figure out on my own how I'm going to start my own life when I'm a young adult (which again is very close, pretty much 2 years) has me extremely nervous, anxious and worried, yet hopeful. It really depends on the way you see things and life in general. My point is that there are so so many problems going on all around the world and some things that some people consider as normal and ordinary are not always faced the same way by some others. We should really appreciate whatever comes into our lives and try our hardest and best in order to hope for the best, because in the end, life has a plan for all of us. I never really comment, let alone open up to a rather large community here on KZfaq(even if I've been a supporter and fan of it for the past 3-3,5 years) and by no means my personal 'overview' of life is similar to everyone else's here in Greece or anywhere else in the world. I don't know, I guess I just wanted to thank you for choosing such a touching subject (at least for me-my country) and I really wanted to find a reason to thank you for keeping me entertained with your books, movies and videos because I couldn't really ask for any other way to spend my teenage years. (Your books may or may not have helped me to develop my English skills in any way haha) thank you very very much, all the love xxx (sorry this was huge I never really do this hahaha)

Thank you for this video, I've been a bit lost on what's going on with Greece for quite some time.

as always, john, thank you for the eloquent and succinct explanation of a very complex situation.

Hearing all this makes me so glad that Ireland is on the road to recovery.

This was all very fascinating and I feel very educated but mostly I want that shirt

I think you explained the Greek crisis and Eurozone crisis better than anyone I have ever heard before. You hit the nail on the head. Thank you for making this video! I will share it with many.

I gotta say, I really love learning about things I would have never known about through these educational vlogbrothers videos.

The most entertaining way to remove my ignorance. thanks john and hank :)

Look, I'm not gonna pretend I know anything about economics. I never took an economics class in my life. But every single time I hear about some kind of financial crisis, whether it's personal or national, it seems like it's always caused by compounding interest getting out of control. What if we just stopped charging compounding interest on loans? I know interest is what encourages people to loan in the first place, but what if it was just a flat rate instead? Like, as a completely arbitrary example, I borrow $100 and then pay back $110, but it stays $110 no matter how long it takes me to pay it back. I guess compounding interest encourages people to pay back faster, but I'm sure we'd be able to find some other sort of incentive. Has anything like that ever been considered? Because it seems to me like our current interest system just ruins everything. Like I said, I don't know anything about economics, so feel free to point out major flaws with this. It's just something I was wondering.

Thanks for making this, learn more here than any news site trying to explain this

You nailed the issue. Honestly, you are one of the most objective and thought provoking people on youtube.

Also Goldman Sachs was helping Greece to lie about its debt each year.

"A younger and more promising version of myself" that's genius :')

Finally someone explained this to me so I could actually understand it. Thanks a lot!

John I am from Greece and I have to say that you are 100% right! And thanks for making a video for our crisis now I can understand the problem much better!!!

I'm so so sorry for the Greek people. I mean, I don't really like their government (I'm Germany and from my point of view they're...crazy (I could be wrong there though)) but I really cannot imagine how it must feel to life in Greece right now.

yeah i read somewhere that the Greek government doesn't actually collect all the taxes it's supposed to? and not all income is declared anyway? it sounds like Greece shouldn't have been allowed to join the eurozone in the first place, if Greek governments have been lying about debt and stuff for years...

John, THANK YOU, THANK YOU, THANK YOU, THANK YOU! I've never studied any form of economics and I was really confused about this (I still am), but this video has cleared up a lot of confusions I had about this situation in Greece.

Thank you John - been waiting for this video for so long! Your economics videos are seriously good.

I appreciate that you didn't attempt to offer a solution - there is quite possibly no "correct" answer to this situation.

Turns out the media would continue to come up with more equally horrific compound terms

This was so helpful thanks John. I was really interested in see how and what exactly was happening in Greece.

My older brother just got his bachelor degree in economics and has talked about Greece on several occasions so, this just made my life a lot easier and I thank you for that.

As a European i found this to be a fairly objective view on the current crisis. It's of course a bit different for me to look at it because i live in Belgium, and while our deficits aren't that pretty to look at either we aren't in the same situation as Greece and we never were. The only thing i'd have to comment on is saying the current government of Greece is leftist is putting it very mildly, they are communists clear and simple, and a lot of the EU, is currently governed by more right winged oriented people. Or centrists.

Greece was letting people retire at 50 and they wondered by the money ran out.

Thank you so much for posting this! I'm headed to Greece on a school trip next summer and have been super confused on the situation! I really hope things clear up before my trip!

Thank you John, I was just talking about this to my therapist because I felt guilty for literally understanding NOTHING. Thank you, you've clarified a lot! xxx

ehhh John. How Greece's economy got so bad is still highly debatable, but you didn't mention one of the major arguments which is that Greece's public funding was unsupportable. For the sake of simplifying Greece has been running a socialist economy with really, really, high public spending while each new gov't pretended like that wasn't going to catch up with them.

Maybe Germany should leave the EU - if they had their own currency they wouldn't have to pay all this money to countries in financial crisis'

Very informative. Thank you for finding time to do this in between your hectic schedule.

Thank you, John, for taking your time to explain our situation in just an informative way. Sometimes it is so easy to get information misconstrued one way or another and for the facts to not seem as prevalent as some opinions. Ευχαριστώ παρα πολυ :)

Another excellent video in the John & Hank Explain playlist, but it strikes me that nobody is talking about one fundamental factor in the Greek economy: The second world war. The German occupation of Greece was brutal and destructive, and when they pulled out the left a huge power vacuum which allowed the communist party the seize power. This led to the civil war and further destruction and Greece has never truly recovered from these events. This is why I find it particularly uncomfortable that Germany is being so unhelpful to Greece at the moment. I realise Germany is a totally different country than it was back then, and nobody alive today bears any responsibility for what happened in the second world war, but I can't help feeling that a little historic sensitivity here might lead people to be a little more generous towards Greece.

Can someone please tell me why, in England we use £pounds and not €Euros? Despite the fact that we live in the Euro Zone.

Thank you for explaining this. My aunt, uncle, and cousin live in Greece, so I was trying to learn more about the economic situation in Greece. Piecing together this story, however, was very difficult, and my lack of prior knowledge about the issue did not help. Thank you!

I've been waiting for this video.

Wow... I am from Germany and never saw it from your perspective... But it makes scenes and probably every country outside from Europe thinks the same way.. But now we are in this huge crisis and nobody knows a way out. Everybody only knows who has to be the scape goat. Always the others. So what is a solution without Greece totally ruined and the other European countries completely ruined?!

Good analysis

The colors are amazingly well matched in this video. That room is perfectly themed. Your shirt matches it perfectly.

Sometimes with the growing popularity of the Vlogbrothers' channel thanks to John's movies, I worry that Nerdfighteria has been weakened by becoming overly dilute. And then along comes an eight-minute video of John talking at the camera about financial austerity. Thank you, John and Hank. Keep on being awesome.

I thought he was going to talk about Brazil after!?!??!

*we HAD a strong economy. We do not have a strong economy.

Thanks for doing this! I am currently an American doing study abroad in Greece and it's nice to understand what is going on from an outside perspective from the country

I really appreciate you taking the time to lay this out in updated ;) simple terms. I hear about this constantly, as the BBC World News Radio is where I get my news. Even with all the coverage, though, it still a confusing mess to me. Thank you again for helping me wrap my brain around it :) Get some rest, watch cartoons with the kiddies, lay on the couch with your head in the lap of a Yeti. We'll see you in the Paper Towns...

Is this the part where all the Brits watching feel smug?

Well we had a referendum recently and 61% of Greeks voted no to the austerity measures. But the European Union, the Greek and the German governments did not respect the Greek people's choice. So I can't blame the Greek people also every single day we have people protesting at the center of Athens but no politician Greek or non Greek respects the people's choice...

I am from Greece and I can guarantee you that this video is extremely helpful and as objective as it could be. Well done, John♡

The first vlogbrothers I ever watched was Younger!John talking about the Greek Crisis. We've come so far...

How does he barely blink???!?!?!?

Thank you. Finally someone telling the truth in a mature manner instead of "pay up Greece"

I got a 4 on my APUSH exam thanks to me binge watching crash course the night before, thanks John!

Thank god for that, I finally understand what's going on in Greece! Thanks John!

Very good video, but there is a problem at the very end. This issue arose, because Greece should never actually have been allowed into the Euro, just as many other countries wouldn't have. If the full extent of their economy had been known, it would have been clear that their economy simply couldn't handle the Euro yet, and they wouldn't have gotten it, and we wouldn't have had this problem.

under 301, finally :)

Wowowowow! So well explained and factual. Thanks John!

Not bad at all. One of the better summaries I've seen. For those interested Tariq Ali has a lot of good things to say about this.

Who’s watching this during Covid and the first 5 seconds gave you ultimate anxiety

If Greece exits the euro more will follow

as a greek myself i am telling you you have explained it well.

This is by far the best description of the crisis I have seen so far. None of the usual propaganda or bullshit. Just pure facts!