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What’s the Worst Case Scenario for the Greek People?
As Greeks prepare to go to the polls on Sunday June 17, the fate of the euro and the recovery of the global economy could rest in their hands. But the biggest pain could be felt closer home as the country suffers through a fifth year of recession
Many people have been voting with their feet and leaving the country, with austerity measures forcing some to work on half their previous salaries, while pension cuts and an impending energy and health crisis unfold. 

For those that remain, unemployment is on the rise at 21.7 percent (youth unemployment is now at 50 percent), and of the people that still have jobs, some have not been paid in months.
Greeks that can no longer afford to buy food (let alone stockpile it) are turning to soup kitchens that are providing a temporary solution. The 76 of them in the Athens region alone receive up to 20,000 people a day queuing for food.  In the extreme, the surge in suicide rates among all age groups show that some feel there is no hope.

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Photo:Bloomberg via Getty Images
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What’s the Worst Case Scenario for the Greek People?

As Greeks prepare to go to the polls on Sunday June 17, the fate of the euro and the recovery of the global economy could rest in their hands. But the biggest pain could be felt closer home as the country suffers through a fifth year of recession

Many people have been voting with their feet and leaving the country, with austerity measures forcing some to work on half their previous salaries, while pension cuts and an impending energy and health crisis unfold. 

For those that remain, unemployment is on the rise at 21.7 percent (youth unemployment is now at 50 percent), and of the people that still have jobs, some have not been paid in months.

Greeks that can no longer afford to buy food (let alone stockpile it) are turning to soup kitchens that are providing a temporary solution. The 76 of them in the Athens region alone receive up to 20,000 people a day queuing for food.  In the extreme, the surge in suicide rates among all age groups show that some feel there is no hope.

Full Story


Photo:Bloomberg via Getty Images

Source: cnbc.com

    • #greek elections
    • #greek economy
    • #global economy
    • #eurozone
    • #bailout
    • #CNBC
  • cnbc Avatar Posted by cnbc
  • 11 months ago
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Greek Far Right Politician Attacks 2 Women on Live TV

Tensions ahead of fresh elections in Greece on June 17 spilled over in a televised political debate on Thursday when a spokesman for the far right Golden Dawn party physically attacked two female members of parliament from opposing political parties throwing water at one and punches at another.

Video of the incident, posted on Youtube but since removed, shows Ilias Kasidiaris in heated exchanges with Syriza party deputy Rena Dourou.

Watch the clip

Source: cnbc.com

    • #greece
    • #greek economy
    • #greek politicians
    • #greek elections
    • #politics
    • #CNBC
  • cnbc Avatar Posted by cnbc
  • 11 months ago
  • 2
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