Post by Nictoshek on Jun 4, 2012 3:35:15 GMT -7
Eric Platt | Jun. 3, 2012
As the Greek economy deteriorates further, the country's people have grown despondent over a lack of leadership and failed austerity measures.
But on a list of the most miserable countries in the world, Greece wouldn't even crack the worst 50.
The misery index, a crude economic theory created by Arthur Orkum, sums a country's unemployment and inflation rates to assess conditions on the ground (the higher the number, the worse off a country is).
The reasoning: you can tell a great deal about an economy by a soaring jobless rate and a population that can afford less and less of required goods.
Business Insider totaled the figures for 197 countries and territories — from Afghanistan to Zimbabwe — to compile the 2012 Misery Index:
read.bi/JGcfHo