Where does populism lead? See Greece

The financial problems in Greece started decades ago with populist politicians outbidding each other for votes. Successive populist political winners bought votes with borrowed money, but now the inflow of money has stopped.
Greece has everything to lose by exiting the EU or the euro if Greek populists continue to believe they can subsidise an entire economy with massive loans that they never expect to pay off.
There is a very, very big lesson here for Thais: Populist politics cannot replace reality, especially economic reality.
Guy Baker