>The whole issue started in 2009 when Greece announced that the level of government debt had been mis-reported.
Asset understatement in short terms. Imagine, yourself as a Greek Prime-Minister. Since 1945 your country witnessed civil war,coup detat,military junta, Golden Dawn, Communists, useless war with Turkey etc.
After entering the EU everything became somewhat positive. EU was giving Greece money for reason. After 2008 crisis shit went to top roof and Greece started take more money from IMF and EU which is okay but Greek goberment didnt report debt all the way through because corruption that, this country is soaked in since 50s
Then first bailout in 2010 made shit twice worse. And YES and NO shit made it more difficult and so on