The greek crisis

Pinterest In this photograph from JanuaryTsipras speaks to supporters outside Athens University. Mourtidou now finds herself struggling with sentiments that veer between disappointment and rage. OK, Greece has escaped bankruptcy, it has even dipped its toes in the markets again but, so what if its people have been left bankrupt in the process?

The greek crisis

Polk Focusing exclusively on the monetary aspects of the Greek crisis the media misses much of what disturbs the Greeks and also what might make a solution possible. For over half a century, Greeks have lived in perilous times. In the s, they lived under a brutal dictatorship that modeled itself on Nazi Germany, employing Gestapo-like secret police and sending critics off to an island concentration camp.

Then a curious thing happened: Benito Mussolini invaded the country. FrangiscoDer Challenged to protect their self-respect and their country, Greeks put aside their hatred of the Metaxis dictatorship and rallied to fight the foreign invaders.

The Greeks did such a good job of defending their country that Adolf Hitler had to put off his invasion of Russia to rescue the Italians. But, ironically, it also saved the Metaxis dictatorship and the monarchy.

Choose the subscription that is right for you

The Greeks began to starve. In Octoberthey The greek crisis up a resistance movement that within two years became the largest in Europe. When France could claim less than 20, partisans, the Greek resistance movement had enrolled about 2 million and was holding down at least two divisions of German soldiers.

And they did it without outside help. He was motivated by fear of Communist influence within the resistance movement. Churchill tried to get the Anglo-American army that was getting ready to invade Italy to attack Greece instead.

Indeed, he tried so hard to change the war plan that he almost broke up the Allied military alliance; when he failed, he threw all the soldiers he still controlled into Greece and precipitated a civil war that tore the country apart.

The Underground leaders were outsmarted and their movement was smashed. The bureaucracy, police and programs of the prewar dictatorship resumed control. American money temporarily won the day, but the heavy hand of the former regime created a new generation of would-be democrats who challenged the dictatorship.

Regardless of what political party chose the ministers, the self-perpetuating bureaucracy was still in control.

And, most important of all, Greece had become a political system that Aristotle would have called an oligarchy.

The very rich used their money to create for themselves a virtual state within the state. They extended their power into every niche of the economy and so arranged the banking system that it became essentially extra-territorialized. Piraeus harbor was filled with mega-yachts owned by people who paid no taxes and London was partly owned by people who fattened off the Greek economy.

The Current Crisis This state of affairs might have lasted many more years, but when Greece joined the European Union inEuropean mainly German bankers saw an opportunity: Even those Greeks who had insufficient income to justify loans grabbed them.

Then, the lenders began to demand repayment. Shocked, businesses began to cut back. There is really no chance that the loans will be repaid. They should never have been offered and never should have been accepted.

To stay afloat, the government has cut back on public services except for the military and the people have suffered. It was popular anger, feeling misled by the bankers and by their own foolishness.

The greek crisis

Today, the conditions that impelled that vote are even more urgent: So where does that leave the negotiators? Faced with German and EU demands for more austerity, the Greeks are angry. They have deep memories of hatred against the Germans this time, not soldiers but bankers.

They have been, time after time, traduced by their own politicians. Greeks also see their option of exiting the Euro as similar to stances taken by Britain and Sweden in not joining in the first place although a painful adjustment for the Greek economy would be expected if Greece undertakes an unprecedented departure from the European currency.The Guardian gets online flak for 'Greek crisis holiday' Advertisement removed after Greeks slam British newspaper for 'offensive' financial and refugee-crisis themed trip.

But the Greek crisis, alas, also had two global results. First, inside the eurozone, the fact that Greece was the first country to fall into trouble gave weight to the view of northern Europeans. Currently Greek culture is received internationally through two externally imposed frames of reference: Hellenism, the admiration for the ancient Greek spirit, and the more recent negative associations with modern Greece provoked by the Eurozone crisis.


The Greek crisis is a term referring to one of many European sovereign – debt crises, which were triggered because of the Great Recession of The Greek crisis may have been caused because of inadequacies and weaknesses of the Greek economy and the skyrocketing of the country’s debt after it entered the European Monetary Union in A crisis of confidence followed in international.

Behind the Greek Crisis.

Focusing exclusively on the monetary aspects of the Greek crisis the media misses much of what disturbs the Greeks and also what might make a solution possible. Greek crisis far from over. The ugly truth is that Greeks are not recovering from the economic crisis; it is that Greeks have surrendered to the crisis.

They became accustomed to the idea that.

Greece: A Democracy in Crisis