Mr Lianos blames the banks for giving cheap loans on easy terms to everybody, saying: "The banks helped the Greek to go crazy. They were offering loans to celebrate Christmas and for honeymoons. We were living in a fake, fantasy world." For the moment the banks are generally not pressing for repayment, but people are fearful about what will happen when they do. Cheap unsecured credit pumped out by casino capitalism has been a common feature in economic crises from Athens to Lisbon to Dublin and beyond. In suffering its disastrous consequences, Greeks do not differ much from anybody else, but they are at one with foreigners in denouncing their government system as uniquely incompetent, bureaucratic and corrupt. Marolis Margaritis, the mayor of Naxos municipality, who tries not to assume the worst about the future, simply says that "the state is dysfunctional". He is despairing at the way Athens is giving municipalities more responsibility for education and, in future, health, without providing more money. He says: "We have school buses and 62 schools to maintain but we haven't received an extra cent. Without more funds it is almost impossible for the town council to function." Overall in Naxos there is a sense of less and less money circulating through the body of society. Construction is the only industry to have collapsed, but everything else feels fragile. Much business is done through dubious IOUs that are not cashed and might not be honoured if they were. Manoulis Koutelieris, the contractor, says: