Financial "Crisis" in Greece


thank you for the "bailout" Germany. hehe. facebook: www.facebook.com


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EURO ZONE CRISIS: Greece Bank Run Starts - IMF Chief Warns Exit Would be "Messy"!


The Euro Zone crisis is escalating, as Greece may be on the verge of a final collapse. According to the Reuters, anxious Greeks have started a bank run, withdrawing as much as 700 million euros ($894 million) from the nation's banks on Monday. Greece's political leaders meet on Wednesday to form a caretaker government to take it to a second election in just over a month, with its euro membership at stake and its president speaking of "fear that could develop into panic" at its banks. President Karolos Papoulias was forced to call a new vote after failing to cobble together a coalition government. An election on May 6 saw leftist opponents of Greece's EU/IMF bailout deprive the parties that ran the country for generations of a majority. Polls suggest the radical left are poised to win the re-run. That prospect has shaken faith in Greece's ability to remain in the single currency and stay solvent, sending the euro and European shares lower, and raising the bond yields that reflect the risk that other European countries will be hurt. Greeks are withdrawing euros from banks, apparently afraid of the prospect of rapid devaluation if the country leaves the European single currency, minutes of Papoulias's negotiations with political leaders showed. Central bank head George Provopoulos told him savers withdrew at least 700 million euros ($894 million) on Monday, the president told party chiefs. "Mr Provopoulos told me there was no panic, but there was great fear that could <b>...</b>


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G8 Summit Concludes: US, France Want Stimulus & Oppose Austerity - Greece Wanted in Eurozone


A summit of the G8 leading industrialized nations has ended in compromise with leaders striving to balance European austerity - an approach long driven by German Chancellor Angela Merkel - with a dose of US-style stimulus seen as vital to healing ailing eurozone economies. Before the summit, US President Barack Obama had made clear he was aligning himself with the new French president's drive for more economic stimulus. However the belt-tightening programs spearheaded by Germany and the UK also had significant political support. All leaders, including Russia's Dmitry Medvedev who was standing in for President Putin, agreed that Greece should remain in the Eurozone. But, while the eurozone debt crisis topped the agenda over the weekend, President Obama also used the opportunity to refocus on efforts to resolve the on-going crisis with Iran. The issue will be the focus of attention again next week, as a second round of Iran talks take place in in Baghdad. German Chancelor Angela Merkel: "The important message is that consolidation and growth are two sides of the same coin. And that's a discussion that everyone has focused on in equal measures." US President Barack Obama: "We agreed upon the importance of a strong and cohesive euro zone and affirmed our interest in Greece staying in the euro zone, while respecting its commitments. Of course we also recognize the painful sacrifices that the Greek people are making at this difficult time. "Last night we had a chance to discuss <b>...</b>


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Ordinary Greeks battle the debt crisis.


As the economic crisis take hold of Greece, ordinary people struggle stress and anxiety as they go about their lives.


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Greece crisis talks deadlocked


Negotiations on forming a new Greek government is set to resume on Tuesday after three previous failed attempts. The radical left block (Syriza) has refused to join any coalition which supports austerity in exchange for bailout packages. The mainstream socialists have attacked the Left for their intransigence. If the parties can't agree on a coalition there will have to be another election next month. But if Greeks elect a parliament that is opposed to austerity policies it may lead to Greece's exit from the eurozone. Al Jazeera's Tim Friend reports from Athens.


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BBC's Greg Palast: Greece Crisis is A "Crime Scene" 1/3


On the Thursday, November 10 edition of the Alex Jones Show, Alex talks with Greg Palast, the New York Times-bestselling author and a freelance journalist for the British Broadcasting Corporation as well as the British newspaper The Observer. Palast will talk about the Occupy Wall Street movement, the government's addiction to GPS tracking, and other related issues. www.gregpalast.com www.infowars.com


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*BREAKING NEWS* Greece Financial Crisis


Breaking news on the Greece financial crisis! Check out this video too - www.youtube.com Greek Prime Minister Lucas Papademos told members of his government they must back deeper budget cuts needed to prevent financial collapse or quit, as political dissension threatened to unwind the country's second bailout. Papademos said failure to secure the 130 billion-euro ($171 billion) rescue package that's under negotiation threatened 11 million Greeks with a default that would halt the payment of wages and pensions and shut down schools, hospitals and businesses. He spoke after five ministers resigned in two hours and protesters clashed with police in Athens. "Some say default would be preferable," Papademos told a Cabinet meeting in Athens this evening, according to an e-mailed transcript from his office. "They are woefully mistaken. What is of the essence right now is to do whatever we can to approve the new plan and let the loan accord proceed." Concerns the bailout might unravel mounted after euro-area finance ministers yesterday kept back approval of Greece's austerity measures, one of the Greek governing coalition parties pushed back against German demands for deeper cuts, and police used tear gas to counter demonstrators in the capital. Papademos met his ministers to discuss the bill detailing the measures, amounting to 7 percent of gross domestic product to 2014, which will be put to a parliamentary vote this weekend. The Cabinet gathered after one minister and three <b>...</b>


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Crisis forces Greeks to keep cash out of banks


Billions of dollars have been withdrawn from Greek banks due to the financial crisis. Between January and October last year, Greeks and Italians invested in property in the UK worth some $500m. As Paul Brennan reports from Athens, Greeks have a tradition of putting their money anywhere but in a bank.


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Pawnbrokers prosper amid Greece crisis


As many people across Greece feel the effects of the global economic crisis, pawnbrokers, on the other hand, have been prospering financially in the country. An increasing number of Greeks have been forced to pawn many of their belongings to get by


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Cutting Back: Anatomy of Greece's Debt Crisis


A wakeup call for Greece and the euro. WSJ's Andy Jordan and Joe Parkinson report from Athens on the threat of a potentially contagious debt crisis and the moral hazard of bailing out a country with bad fiscal habits.


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Greece's financial crisis from the inside


World stock markets rose to their highest level since the summer on Friday, on hopes that a much-anticipated Greek debt deal might finally be about to get off the ground. Feb. 18, 2012. The arrangement would mean that investors who bought Greek government debt would get about a third of their money back - instead of none. However, as News night's economics editor Paul Mason reports, the curtain is far from falling on this Greek tragedy.


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Greece and the EU financial crisis


An interview with Dr. Stathis Kouvelakis, Professor at Kings College London, discussing the financial crisis in Greece and the probability of defaulting on its EU debt. Filmed on 31 January 2012 by Global Voices for Justice at UCLA.


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Inside Story - A Greek tragedy and a European crisis?


As Greece entered a second week without a government central bankers joined politicians and economists in openly warning about the possible breakup of the eurozone. And so the Greek political tragedy plays on with potentially harsh consequences for Europe's economies. In Brussels, there are already talks about Greece leaving the eurozone. Is it now a question of when, or if?


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Listening Post - Feature: Greece's media crisis


The media will be covering the first Greek elections since the beginning of the financial crisis, and Listening Post's Marcela Pizarro looks at how the economic collapse has hit the Greek media itself.


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Casualties of the Crisis - Greece


France and Greece bring fresh uncertainty to Eurozone To see more go to www.youtube.com Follow us on Facebook (goo.gl or Twitter (www.twitter.com Voters in Greece and France have brought new uncertainty to the debt crisis and its bailout measures. As Greek Leftists try for an anti-austerity cabinet, we look at the grassroots of the country's plight. In recent months ordinary Greeks have watched their lives disintegrate."I'm angry with the politicians, the government, the whole of Europe", rages an Athenian taxi driver. Even the middle classes are relying on handouts and local businesses are struggling to keep up with the government's financial demands. "We cannot put up with anymore. This is not tax, this is extortion", says a drinks distributor. February 2012


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No cash? We swap! Greeks' creative crisis solution


After a night of tough negotiations European leaders clinched a deal on Thursday, agreeing to have banks take bigger losses on Greece's debts. The plan includes a significant reduction of Greece's debts and a reinforcement of a bailout fund so it can serve as a 1 trillion euros ($1.39 trillion). The move is aimed to prevent larger economies like Italy and Spain from being dragged into the crisis. And whether the EU anti-crisis plan is effective or not, for the austerity-hit Greek people any help appears to be a long way off. Many are finding new ways to survive in hard times, as RT's Sara Firth reports. RT on Twitter twitter.com RT on Facebook www.facebook.com


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Greek Crisis, Neo Nazis,Revolution in Greece, End of Democracy.


One of the greatest achievements of the European Union was that it was to stop the spread of extremism ? Walked through a street here in Greece came across two Pieces of paper in the gutter what caught my eye was the Golden Dawn title, I bent down and picked up one of the pieces of paper, it was smaller than an A4 print with the message on both sides of the paper, no colour a very poor photograph a really cheap Election flyer, i walked a little down the street and there was another Election glossy professional looking 3 page Pasok brochure on the street, with bright colours, professional photos, catchy message etc. Golden Dawn did no election broadcasts as far as i know, the other parties filled the airways? The point Golden Dawn has now 21 MPs without Air time, Radio time, Flashy Brochures. What happens next? Desperate governments with the salvation of the nation as the logic will take absolute power in order to save the banking system from collapse. Most of what is going on in Greece is going un-noticed by the world as a whole. NEO NAZIS ARE GOING TO BE IN THE GREEK PARLIAMENT, HELLO. www.jewishproblem.com The Majority of Greeks are completely in the dark as to the meaning of the new loans being secured under English Law.Even if Greece leaves the Euro and the EU, the loan remain in place passed into law by the ex employees of the loan sharking banks that allowed Greece to borrow so much money in the first place? I tried to explain to a HSBC employee from Athens what the <b>...</b>


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Can Greece get out of the crisis?


Speakers: Dimitris Daskalopoulos, Moritz Kraemer, Vicky Pryce, Poul Thomsen Chair: Professor Kevin Featherstone Recorded on 28 March 2012 in Old Theatre, Old Building This is a very timely discussion of whether Greece can get out of its current economic crisis. The financial markets show concern that the recent bailout will not be enough and a further rescue may be needed. There is renewed international concern that other euro members will find themselves in difficulty prompting further action -- Portugal, it is feared, may need another bailout. The rescue strategy for Greece is clearly the 'test case' that will shape the response to any further problem. So, can it work? What must the 'Troika' and Greece do to return the economy to growth? The panel debate brings together key experts and protagonists. Dimitris Daskalopoulos is chairman of the board of the Hellenic Federation of Enterprises (SEV). Moritz Kraemer is managing director EMEA, analytical manager (Sovereign Ratings) at Standard & Poor's. Vicky Pryce is senior managing director-economics of FTI Economics. Poul Thomsen is deputy director, in the European Department of the International Monetary Fund and and head of the Troika Programme for Greece.


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'Austerity plan is mission impossible for Greece'


All attempts to form a coalition have so far failed in Greece, as far left leader Alexis Tsipras rejected proposals by the pro-bailout parties. This comes after Sunday's parliamentary elections in which no party managed to secure an overall majority. Without the deal Greece will be forced to hold a new election in June. German Chancellor Angela Merkel said any new Greek government must stick to the austerity plan, agreed upon in exchange for the bailout. Economics expert Yanis Varoufakis warns her demands are unrealistic. RT on Facebook: www.facebook.com RT on Twitter: twitter.com


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Greece sinks in deeper crisis amid rescue deal doubts


Alexis Tsipras, leader of the Greece's radical left-wing Syriza party, in Athens on May 8. Tsipras - who is charged with forming a government after the weekend elections - is planning to write Wednesday to the highly indebted nation's international lenders telling them that the country would renege on its austerity commitments. FRANCE 24 INTERNATIONAL NEWS 24/7 www.france24.com


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Disaster in the Making: 'IMF recipe leads Greeks to starvation'


Greek politicians' last minute agreement on fresh austerity plans hasn't exactly been greeted with open arms. A 48-hour strike has been called by the country's two major labour unions. And Eurozone member states say they will put even more conditions on Greece before handing over a second bailout. The journalist Stylianos Chrysostomidis says the situation in the country is deteriorating and the consequences could be dangerous. Robert Oulds - chair of the London based think-tank Bruges Group, believes that it's the European currency itself pushing Greece to the edge. RT on Twitter twitter.com RT on Facebook www.facebook.com


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Death Spiral: 'Greece stranded, won't survive'


As Spain tightens its belt in the face of more cuts, the troubles reverberate across southern Europe. For more on developments in the region advisor Patrick Young talks to RT from Poland. RT on Twitter: twitter.com RT on Facebook: www.facebook.com


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Greece on Fire: 'Disaster looms, with or without Euro'


Last week was a truly hectic one for the EU, with violent anti-austerity demos and political deadlock again casting doubts over the future of the euro. In Spain, as many as hundreds of thousands marched in nationwide protest. They chanted slogans and waved banners demanding an end to cuts and painful austerity. In Italy, violent anti-austerity clashes erupted in the city of Naples, after yet another suicide apparently caused by an aggressive government taxation program. But above all that, is the political turmoil in Greece. There, a last-ditch effort to form a coalition has all but collapsed over differences on austerity and bailout terms. The country now looks likely to stage new elections. For more on what lies ahead for Greece, and the implications for the EU, RT talks to Panagiotis Sotiris, who is a journalist and lecturer on social and political philosophy at the University of the Aegean. Subscribe to RT! www.youtube.com Watch RT LIVE on our website rt.com Like us on Facebook www.facebook.com Follow us on Twitter twitter.com Follow us on Google+ plus.google.com RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 500 million YouTube views benchmark.


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Max Keiser: Financial holocaust looms as Germany storms Greece


Protesters in Athens are clashing with police, some throwing stones and Molotov cocktails. Greece's coalition government managed to agree on a new austerity deal their creditors demanded. But Eurozone finance ministers say they want to see concrete action before the second bailout worth 130 billion Euros can be handed over. The Greek Parliament is expected to vote on Sunday. But a junior coalition member says he will not back the new plan. RT talks to Max Keiser, financial analyst and host of the Keiser Report. RT on Twitter twitter.com RT on Facebook www.facebook.com


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Financial Fascism? 'Greeks should revolt against debt slavery!'


It's been a tough night in Brussels where Eurozone ministers have reached a deal on a second bailout for Greece. It took them several hours to agree on the one-hundred-and-thirty-billion euro cash injection, expected to save the country from default. Earlier the Greek Parliament went through a storm of public outrage and several internal conflicts to approve the austerity measures demanded by international creditors. RT on Twitter twitter.com RT on Facebook www.facebook.com


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Greek Crisis,Greeks forced to kill themselves.


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Greece (Country) Crisis (Quotation Subject) Replay Athens

Sky News special: Greece and financial crisis, part1/2 (26Aug11)


Part 1 of 2: A Sky News special on the financial crisis in Greece, how they got into it, and what can be done about it. A lot of the rich have been getting away with paying too little tax, and the middle get away with things such as not paying rail fares. Recorded from Sky News, 26 August 2011.


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Refugees flock to Greece despite crisis


Greece's economic crisis has done nothing to stem the flow of illegal immigrants, for whom it's a key way into the European Union.


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Max Keiser on PressTV: 'Greece economic crisis, sinister plot'


People in Greece are right to revolt against the banking system which is committing massive fraud in the country, an economic critic tells Press TV. In an interview with Press TV, Max Keiser, financial journalist from Paris, commented on the latest developments regarding the economic crisis in Greece.


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Show Over? 'EU doomed even if Greece opts out'


Greece is edging even close to the Euro exit door - after the latest talks to form a government failed. There'll be more on Tuesday, but markets have already been dropped in reaction, while other EU nations are scrambling contingency plans. The second-largest party in Greece is the latest to refuse to join a coalition that enforces more cuts. Political economist Markus Kerber says even if Athens quits the Euro, it's still too late to save the currency. Subscribe to RT! www.youtube.com Watch RT LIVE on our website rt.com Like us on Facebook www.facebook.com Follow us on Twitter twitter.com Follow us on Google+ plus.google.com RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 500 million YouTube views benchmark.


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'US next Greece if debt is not dealt with'


RT talks to a prominent American economist about the current state of the world's financial plight, and where it's heading next. RT on Twitter twitter.com RT on Facebook www.facebook.com


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Greece austerity deal hits people hard


Greece's political leaders have finally reached an agreement on further austerity cuts in order to get a second bailout package worth $170bn from EU and IMF to avoid a looming bankruptcy. EU finance ministers have been meeting in Brussels to discuss the details of the deal, while in Athens thousands of people have been gathering outside parliament against the deal. The deal includes cuts to pensions worth hundreds of millions of dollars, reduction of private-sector wages and termination of 150000 public sector jobs by 2015. Greek unions have planned a 48-hour strike which is due to begin on Friday. Al Jazeera's John Psaropoulos reports from Athens.


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'Enough is Enough!' Spanish & Greeks unite in austerity rage


It's a day of mass protests across the EU, as people rail against austerity, cuts and economic hardships - which they say are not their fault. Fresh demonstration are brewing across Greece - as the government seeks to implement the drastic austerity measures that came with the latest EU bailout. The demonstrations will be synchronous with those in Spain - where people are angry at their own draconian cuts and bleak prospects. RT on Facebook: www.facebook.com RT on Twitter: twitter.com


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Greece's Debt Crisis and the Future of Europe


This is the VOA Special English Economics Report, from voaspecialenglish.com | http Finance ministers from the euro area met in Poland in the middle of September to discuss the Greek debt crisis. American Treasury Secretary Tim Geithner joined them. Fabian Zuleeg, chief economist at the European Policy Center in Brussels, said the United States was right to get involved. "The intervention from the US has also shown at least a risk that the stability of the financial system as a whole -- the global financial system -- might be under threat again." Earlier, the leaders of France, Germany and Greece held a conference call to discuss how to contain Europe's deepening financial crisis. Germany and France are Europe's two largest economies. Seventeen European Union countries use the euro as their currency. On September fifteenth, five major central banks agreed to lend additional dollars to European banks in the euro zone. The European Central Bank says the three-month loans will provide as many dollars as the banks need. The operations will end in December. The European Central Bank is acting with the United States Federal Reserve, the Bank of England, the Bank of Japan and the Swiss National Bank. The announcement helped lift European bank shares and major European stock lists.The Paris-based Organization for Economic Cooperation and Development has lowered its growth estimates for the euro area. In Greece the economy has shrunk this year. German Chancellor Angela Merkel <b>...</b>


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Cuts & Chaos: Desperation drives Greek clashes


The debt-ridden EU has suffered another blow from ratings agencies. Moody's has downgraded the debt ratings of six EU states - including vulnerable Portugal, Italy and Spain. It comes as the bloc struggles to prevent Greece from default by offering bailouts in return for more austerity. But as RT's Jacob Greaves reports, more and more Greeks feel the measures will only make things worse. RT on Twitter twitter.com RT on Facebook www.facebook.com


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BBC's Greg Palast: Greece Crisis is A "Crime Scene" 2/3


On the Thursday, November 10 edition of the Alex Jones Show, Alex talks with Greg Palast, the New York Times-bestselling author and a freelance journalist for the British Broadcasting Corporation as well as the British newspaper The Observer. Palast will talk about the Occupy Wall Street movement, the government's addiction to GPS tracking, and other related issues. www.gregpalast.com www.infowars.com


bbc's Greg Palast: Greece Crisis is Crime Scene Alex Jones Infowars.com thealexjoneschannel

Greece- Suicide and Crisis


It is March 2012. With Greece's financial crisis deepening, some Greeks have become desperate. The country's suicide rate has gone up 40% and though the statistics are not simple, suicide counsellors put much of the increase down to added pressure on family finances. As strikes and protests continue in Athens and around Greece the message to Greek and Europeans bankers and politicians is, don't make money policy without considering its human cost.


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"Greece In Debt Crisis, The UK Next..." Simon Dixon Comments


@SimonDixonTwitt provides commentary on the greek debt crisis and the other countries in Europe to follow... Greece is getting ready for elections in an election described as the most critical and uncertain election in decades, with voters set to vote against the two main parties they blame for the country's dire economic situation. Can a new government be formed with a strong enough mandate to push through yet more reforms demanded by its international creditors? Just one of the questions we'll be asking in this edition of the Press TV News Analysis. We'll also look at the different parties involved in the elections.


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Greece Set on Fire: Riots & Chaos during Money Crisis


Greece riots erupt amidst financial crisis. Greeks protest by burning buildings: tinyurl.com Also: - Facebook unfriend murder: tinyurl.com - Whitney Houston death caused by drugs: tinyurl.com - Adele dominates Grammy's: tinyurl.com **************************************** FACEBOOK...


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The crisis in Greece in three minutes - Documentary


Initiators group "ThePrism: GR2011", Nina Maria Paschalidou and Nikos Katsaounis, the team competes in FIPA, in Biarritz, France, in the category Web creations and film "Krisis" in the category Creative Documentaries.


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GLOBAL ECONOMIC CONTAGION: Euro Zone - Greece Crisis Threatens to "Open Door to Hell"?!


Greece's former finance minister has told Sky News that if Greece reneges on its bailout deal with the EU and the IMF it will "open the door to hell". Sky News last interviewed George Papaconstantinou two-and-a-half years ago. In December 2009 he told how Greece could survive independently and Greece's creditors had nothing to fear - they would get back every euro they were owed. A lot has changed since then. Greece is in the process of borrowing 240bn euros of emergency loans from the EU and the IMF (in return for pledges to raise taxes, cut spending and balance the books) and investors holding Greek debt have been forced write off up to 50% of their money. Even now Greece remains heavily in debt, deep in recession (now in its fifth year) and without a functioning elected government. Mr Papaconstantinou lost his position as finance minister last summer, shortly after the second bailout package was agreed. In the general election, two weeks ago, he also lost his seat as an MP. He was not alone as support for his Pasok party collapsed. The result of the election was inconclusive and, ultimately, no party was able to form a coalition government. In four weeks' time Greece will vote again. The opinion polls suggest that were an election to be held tomorrow the result would, once again be inconclusive, but the Syriza party, which is promising to "tear up" the bailout agreement with the EU and the IMF, continues to attract support. Mr Papaconstantinou is the man who negotiated <b>...</b>


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What's wrong with the Greeks? [Swedish documentary - subbed]


A Swedish documentary about the economic crisis in Greece. The documentary was made from Alexandra Pascalidou on behalf of SVT Swedish television. The original video had Swedish subtitles so I was forced to put a black background behind the English ones. Only free opensource tools were used: Gnome Subtitles MEncode


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