One might think a line like about Greek finances was printed just this week
What followed could only be described as a comic progression of populist pandering [and] the spread to the national economy of a series of parasitic labor unions and cabals
But in fact it is describing Greek conditions circa 1944.
A while back I observed that the difference between Greek and US finances is that the US needs to return to a spending level circa 2007, while Greece has no similar default state of relative fiscal sanity it can return to. This article in Finem Respice reinforces this premise by discussing the absolute insanity of Greek fiscal management before and after and even during WWII, which was characterized by all the exact same problems that have driven the current crisis. Good background reading.
Greece, then as now, was dominated by an expensive public sector funded insufficiently by a tax system that did not work. As may happen soon, Greece was not able to borrow, so all they could do was print money and inflation soared. Only one man was able to stop the inflation, and I won't spoil the ending by the humorous way he did so.