Sent in to us to-day by Chris : Thank you Sir!
The Greek media that care run endless stories about starving children, lack of medication, old people dying because they cannot afford heating, and huge cuts in welfare relief. These are all worthy topics for anyone still unclear about the catastrophic social effects of repayment-focused austerity in ClubMed. But if nobody buys in shops, eats in restaurants, sits in cafes or furnishes homes, businesses die in very short order.
In three short years, the banks of the world, the bureaucrats of the EU, and the Central Bank of Mario Draghi have wiped out Stadiou. Like the American South after the Civil War, it is a culture gone with the wind. All that remain are kids shooting up in the darkness of formerly thriving alleyways, and bill posters advertising things nobody has the money to buy.
Behind much of Athens’ attraction as a tourist centre lies another layer of self-sustaining business: the wholesale trade. This above any other is small family business, where honesty, trust and quality are the basis of commerce. It too has been decimated, as both domestic and tourist consumption of goods plummeted after 2010.
see full report in attached PDF doc Here:Coming to every Town in Ireland
- John Ward – Crisis Athens : How Austerity Is Destroying Those Who Would Compete With Multinational Power – 20 April 2013 (lucas2012infos.wordpress.com)
- Cyprus Crisis II: Canary in the Global Financial Coalmine? (prn.fm)
- Trial of bank officials over 2010 Marfin deaths in central Athens begins (ekathimerini.com)