Greeks: How did we lose our way?
In the heart of Athens everyday Greeks show us how they face the hardship and constraints brought on by the crisis.
For five years Greece has been mired in economic crisis, haunted by the spectre of expulsion from the eurozone.
A Greek exit seemed closer than ever this summer until a last-minute deal with the creditors – the international Monetary Fund (IMF), the European Central Bank and other eurozone countries – kept Greece in, but at the cost of more painful austerity measures and a humiliating further loss in sovereignty.
The grim figures of Greece’s great depression are well-known: a 25 percent contraction in the economy; youth unemployment at over 50 percent.
But while almost all Greeks have stories of hardship and anxiety to tell, life does go on.
Al Jazeera’s Barnaby Phillips heads to the Athenian middle-class neighbourhood of Nea Smyrni to see how Greeks are getting by, and hear their hopes and fears for the future.
| The banks used to phone us. They’d say, ‘Take this money and have a lovely holiday!’ or ‘Take this money and buy the car of your dreams.’ The people who accepted this money made a big mistake. |
The bailout agreement impacts all Greeks, but pensioners and small business owners are particularly worried.
We meet 68-year-old pensioner Sandy Karaiskou who lives on her own. Sandy was an airhostess for Olympic Airways, the Greek national airlines that went bust in 2009.
She takes us on a tour of her neighbourhood to meet her local baker and pharmacist, and to a laiki, the weekly street market.
Baker Dimitris Papavassiliou struggles to keep his business afloat. He talks to us about how the crisis has changed his family and work life and what will happen to his employees. He tells us about how he thinks the past governments are responsible for the crisis.
“Previous governments didn’t take the measures that they should have taken and failed to enforce necessary reforms. And now it’s escalated into a mountain,” he says.
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