Greece and Zimbabwe 2 sides of different coins.

Greece and Zimbabwe 2 sides of different coins. Fiscal policy issues have nothing to do with democracy but governance issue, it will depend with government policies. That democratic countries tend to be more solvent is by coincidence rather than a factor, what is true is how governments structure their debts, investment policies, fiscal discipline. The reason why democracy is associated with economic prosperity is because it will be open to accountability where is in a country of despots, there is a brutal self denial which tend to prolong the misery of national sovereignty. Such countries tend to be anti-Bretton Woods (IMF and World Bank) while they want to be given credit without conditions, it will never work and will not work, not in a million years!