Published on December 17th 2012
By Barbara Van Haute
Editorial Note: Of all the nations experiencing traumatic economic difficulties during the course of the current Great Recession, Greece has suffered the most adverse consequences. The country’s five year economic problems have been longer and deeper than that of any developed country. In fact, Greece has gone through a catastrophic depression otherwise unknown in the West.
The standard of living has dropped drastically; unemployment has reached 26%; the debt to GDP ratio is over 180%; the country’s “fiscal cliff” is looming bankruptcy; social spending and the “safety net” have been eviscerated; while demonstrations and riots target both domestic debt reduction measures and the financial institutions of the European Union power brokers. In response, the European Union Συνέχεια
Al Jazeera’s feature on the Greek media in the video that follows, underlines the truth many have known in Greece for several years now. The fact that graffiti on walls says «switch off the TV» goes to show that Greeks no longer view news bulletins and journalists as objective.
The picture above was snapped during last year’s demonstrations at the end of May in Thessaloniki. It was one of many messages taped on columns outside the city’s symbol of pain and freedom, the White Tower, which translates to: «If TV said it, it’s probably a lie.»
Though links between political parties and the media have been common knowledge to Greeks, far too Συνέχεια
The man behind much of Tuesday’s market selloff is a 37-year-old Greek named Alexi Tsipras, the leader of the Coalition for the Radical Left.
Louisa Gouliamaki | AFP | Getty Images
Left Coalition Party Leader, Alexis Tsipras