Why the media lies about Greece


by Jérôme E. Roos on June 24, 2011

In a short BBC interview today, I argued that the media’s witch hunt against Greece perpetuates a false impression that the Greeks themselves are to blame.

With special thanks to Naveena Kottoor, I was able to appear on BBC World Have Your Say today, for a brief segment on the international media’s coverage of the Greek debt crisis.

Asked whether I agreed that the international media are engaged in a ‘witch hunt’ against the Greek people, I pointed out that all talk about the Greeks being profligate, lazy and spoilt is simply not true (video below, my contribution from 34m50s onwards — somehow the audio got messed up):

 

Unfortunately, however, I didn’t get the time to back up these assertions with hard facts — so I would like this to use the opportunity to do so here.

Special thanks for the data below go out to Alex Andreou and Ingeborg Beugel.

MYTH #1: The Greeks are profligate Συνέχεια

‘Last Days’ of the Euro Are Upon Us


BOSTON (TheStreet) — The euro is about to go the way of the dodo, if Credit Suisse researchers are correct.

In a research note making the rounds Monday carrying the title The «Last Days» of the Euro, a team of Credit Suisse analysts argue that «we seem to have entered the last days of the euro as we currently know it.»

While a break-up of the 17 eurozone nations isn’t a strong likelihood, Credit Suisse researchers say that Συνέχεια