Economic collapse in Greece is finally sinking into the consciousness of its citizens

Wednesday, June 20, 2012 by: J. D. Heyes
Tags: Greece, economic collapse, citizens

eTrust Pro Certified

Most Viewed Articles
Popular on Facebook
CDC issues flu vaccine apology: this year's vaccine doesn't work!
The five biggest lies about Ebola being pushed by government and mass media
Ultraviolet light robot kills Ebola in two minutes; why doesn't every hospital have one of these?
Tetanus vaccines found spiked with sterilization chemical to carry out race-based genocide against Africans
The best way to help your body protect itself against Ebola (or any virus or bacteria)
Healthy 12-year-old girl dies shortly after receiving HPV vaccine
Cannabis dissolves cancerous tumor in young infant, deemed a 'miracle baby' by physician
Ben & Jerry's switches to non-GMO, Fair Trade ice cream ingredients
Russia throws down the gauntlet: energy supply to Europe cut off; petrodollar abandoned as currency war escalates
W.H.O. contradicts CDC, admits Ebola can spread via coughing, sneezing and by touching contaminated surfaces
Monsanto's seed imperialism halted in Canada thanks to massive protests
Top ten things you need to do NOW to protect yourself from an uncontrolled Ebola outbreak
FDA targets Dr. Bronner's Magic Soaps for sharing health benefits of coconut oil
Why flu shots are the greatest medical fraud in history
Governments seize colloidal silver being used to treat Ebola patients, says advocate
Flu vaccine kills 13 in Italy; death toll rises
The 21 curious questions we're never allowed to ask about vaccines
CDC admits it has been lying all along about Ebola transmission; "indirect" spread now acknowledged

(NaturalNews) Greek citizens may have narrowly avoided an economic catastrophe following a vote this week to remain with the euro, the fact that their country is slipping further towards a financial abyss is becoming more ingrained in their psyche.

On Sunday voters narrowly elected a center-right New Democracy Party to take the reins of power in a country that, besieged by debt and teetering on the brink of insolvency, is literally in chaos. For months now, Greece has only managed to exist, not thrive, as successive bailouts of its government by the European Central Bank (led mostly by German efforts and money) have kept Athens from tumbling headlong over an economic cliff that, frankly, its leaders should have seen coming years ago.

Even now the bailouts - once gratefully considered a lifeline - are now being panned by vast numbers of Greek leaders and citizens who abhor the fact that the money is flowing with so many strings attached. Mindful of Greece's expensive social benefits packages for government workers and citizens alike, those who are forking over euros by the billions have only done so by insisting Athens accept some of the most restrictive austerity measures ever imposed on a government.

Those measures, more than anything, have led to Greece's current crisis. And that's what Sunday's vote was about: Forging ahead as best as possible while accepting the mandatory cuts to pay and benefits, no matter how painful they are, or reject them out of hand, ditch the euro and start printing drachmas again which, according to scores of economists, would have almost instantly created a situation of hyper-inflation in Greece or hyper-devaluation of the "new" currency or more likely, both.

'Last days of Pompeii'

Sunday's vote - for now - removes that contingency. But there is still plenty of angst in Greece to go around. And though much, much too late, ordinary Greeks are finally seeing the whole picture. And to most Greeks, that picture is grim.

"It's the last days of Pompeii," Aris Chatzistefanou, a co-director of "Debtocracy," a provocative 2011 documentary about the Greek crisis, told CNBC last week.

Life in the capital has come virtually to a standstill. The streets are less congested, sure, but because few can afford to drive. And while less trash goes to the landfill, it's because people are consuming less because they have to.

Giorgos, a 27-year-old economics major who did not want to reveal his last name, told CNBC the sense of uncertainty is palpable.

"There is a depression in the Greek people, in all my friends," he said, adding he has even ditched plans to open a frozen yogurt shop. "They keep saying: 'I can't take it. There's depression about our jobs, depression on the news, depression about the economic situation, depression in our family, depression and fighting among friends.'"

Nothing good in the cradle of modern democracy

Fighting is right. The Financial Times reports that violence, hate, polarization, fear, resignation and despair are rife across the country. It's so bad, in fact, that the country is developing the same characteristics of the German republic in the early 1930s, before Adolph Hitler rose to power.

"Despite the narrow victory of a centrist party in Sunday's vote, almost every day extremist violence breaks out in Athens and beyond," FT reported. "Neo-nazis against immigrants, anarchists and leftists. Anarchists, ultra-leftists and other fringe groups of the nationalist-populist camp against riot police, mainstream politicians, journalists, liberal intellectuals, even artists. Add to this a surge in crime and rising tolerance of violence and you have a clearer picture of today's Athens."

A great many of Greek parliamentarians, in fact, seem to idolize some of the great butchers of the 20th century - Hitler, Mao, Stalin and, to a lesser extent, Castro.

But what to expect from a nation once patronized by the UK and then the U.S. after World War II, that used its economic success to create one of Europe's biggest welfare states, dominated by special interests and corrupt cronyism and that epitomizes huge debts made possible by too many promises. Sound familiar?

No, the situation is not good in the cradle of modern democracy.


Join over four million monthly readers. Your privacy is protected. Unsubscribe at any time.
comments powered by Disqus
Take Action: Support by linking back to this article from your website

Permalink to this article:

Embed article link: (copy HTML code below):

Reprinting this article:
Non-commercial use OK, cite with clickable link.

Follow Natural News on Facebook, Twitter, Google Plus, and Pinterest

Colloidal Silver

Advertise with NaturalNews...

Support NaturalNews Sponsors:

Advertise with NaturalNews...


Sign up for the FREE Natural News Email Newsletter

Receive breaking news on GMOs, vaccines, fluoride, radiation protection, natural cures, food safety alerts and interviews with the world's top experts on natural health and more.

Join over 7 million monthly readers of, the internet's No. 1 natural health news site. (Source:

Your email address *

Please enter the code you see above*

No Thanks

Already have it and love it!

Natural News supports and helps fund these organizations:

* Required. Once you click submit, we will send you an email asking you to confirm your free registration. Your privacy is assured and your information is kept confidential. You may unsubscribe at anytime.