Greece’s financial crisis still evokes pain and fear on the streets of Athens: ‘We just have to smile, pretend’
Greece’s financial crisis is still hurting the hopes and dreams of the people that live in the Mediterranean nation.
The country has been in economic turmoil for most of the last decade. Years of financial mismanagement alongside a culture of clientelistic politics, where goods and services were exchanged for political support, culminated in a long-term recession.
“I still think the crisis exists. It’s more than in one field now, (it’s) not only (a) financial crisis, but it’s a crisis of our values … I don’t think it’s better now … it is really a stressful period for Greece,” Stavros Dimopoulos, a 23-year-old university student told CNBC in Athens.
Different governments in Greece borrowed above the country’s capacity and its public debt pile became so high that in 2010 investors were no longer willing to keep on financing the Greek government. The end result: George Papandreou, the prime minister at the time, saw no other way out but to ask for a bailout — without even consulting with other European leaders.
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Πηγή: cnbc.com
