The infamous bailout loans granted by Europe and the IMF to Greece since 2010 did not create austerity in the country. We use official statistics to show that government spending and deficits did generally not go down in the bailout period versus other previous periods in “modern” Greece (using data as far back as 1980, just as it was ready to join the European Union and as it began to embark on the socialistic experiment of high state intervention in the economy that has never truly left her). In fact, they went up, even substantially up, both nominally and as a ratio to Greek GDP. No other prior six-year period registered higher government spending levels, with the sole exception of the period including the peak year in excess splurging of 2009 (which could commonsensically be excluded from the analysis, as it reflected most abnormal and artificial conditions). [...]