‘Club Med’ is a maladroit attempt at insulting the Greeks, it riffs off of the Profligate Southern Tier myth. See this from Forbes, carefully framed in the notion of inefficiency, after all it is Forbes:
http://www.forbes.com/sites/niallmccarthy/2015/03/13/contrary-to-what-most-people-think-greeks-work-the-longest-hours-in-europe-infographic/
Headline:Contrary To What Most People Think, Greeks Work The Longest Hours In Europe [Infographic]
On the question of Free Market Neo-Liberalism as antithetical to democracy see Wendy Brown’s Undoing the Demos:
https://mitpress.mit.edu/books/undoing-demos
Ms. Brown posits the notion of neoliberal rationalism, as the Market alternative to our shared republican tradition, our shared civic/political/ethical destiny.
Neo-Liberalism seeks to supplant the notion and practice of the shared fate of the commonwealth, the res public, the public thing, with the ‘values of the market’ i.e. the rapacious Social Dawinism of the likes of Hayek, von Mises, Friedman  and the vulgar pamphleteer Ayn Rand.
Also see  The Machiavellian Moment: Florentine Political Thought and the Atlantic Republican Tradition
J.G.A. Pocock, that traces the vital republican idea of the cultivation of civic republican virtue as one of the actual historical singularities that has shaped Europe and America.
http://press.princeton.edu/titles/1729.html
‘ There is nothing antithetical to democracy whatsoever in economic neo-liberalism.’ The ‘values of the Market’ i.e. Neo-Liberalism, and it’s ally and creature Corporatism, are about political manipulation, in the name of the freedom to make profits, at any cost. Hayek’s polemic The Road to Serfdom should be considered as a biography of the dismal political present. All one need do is adapt the ‘esoteric reading’ of texts manufactured by Leo Strauss!
Just for good measure read Ms. Tett’s ‘A Debt to History’ ‘To some, Germany faces a moral duty to help Greece, given the aid that it has previously enjoyed’
http://www.ft.com/intl/cms/s/0/927efd1e-9c32-11e4-b9f8-00144feabdc0.html
Due diligence,in future, should be your measure!
Regards,
StephenKMackSD

http://www.ft.com/intl/cms/s/0/f6872342-2bd2-11e5-acfb-cbd2e1c81cca.html#axzz3g9ceZq1C