Larry Elliot: Greece’s bailout is finally at an end – but has been a failure

While European mainstream media has been euphoric concerning Greece´s exit from the beialout programme it was subjected to. The results are catastrophic:

-500k people, mostly young, emigrated

– Unemployment hit 27.8% (still >20%)

– Youth unemployment reached 60% – Economy shrank by 25%

– Debt/GDP ballooned to 180%

– Suicide & depression rates rose sharply

Read here

Graffiti referring to Greek debt outside the Academy of Athens

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