Explanation of the crisis in Greece

A small town in Italy is twinned with a similar town in Greece.

The Mayor of the Greek town visited the Italian town.
When he saw the palatial mansion belonging to the Italian mayor he wondered how he could afford such a house.

The Italian said; "You see that bridge over there?
The EU gave us a grant to build a two-lane bridge, but by building a single lane bridge with traffic lights at either end this house could be built".

Soon after, the Italian visited the Greek town.
He was simply amazed at the Greek Mayor's house, gold taps, marble floors, it was marvelous.

When he asked how this could be afforded the Greek said; "You see that bridge over there?"

The Italian replied; "No."