Greece’s turbulent economic and monetary woes have captured headlines in recent years. But the problems really started more than three decades ago, when a Socialist government started the modern Greek welfare state.

That’s the assessment of Tony Papalas, professor of history at East Carolina University and an annual visitor to Greece. Papalas discussed Greece’s current problems and the likelihood of its exit from the Eurozone during a presentation for the John Locke Foundation’s Shaftesbury Society.

In the video clip below, Papalas recounts the surprise Greece’s new Marxist government encountered when it pitched its reform ideas to the European Union.

1:55 p.m. update: Click play below to watch the full 45:33 event.

You’ll find other John Locke Foundation video presentations here.