How did Greece go from bankruptcy to economic growth? | Counting the Cost
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- เผยแพร่เมื่อ 8 ส.ค. 2024
- Nearly a decade ago, Greece was bankrupt. Today, its economy is recovering.
But after years of austerity measures, Greeks' incomes are being hit by the cost of living crisis.
Meanwhile, wealthy nations promised $13 trillion in aid to poor countries, so why hasn’t it been paid?
And we also speak to Iraq's deputy prime minister and oil minister.
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As a greek I can tell you that I have never felt more poor than how I feel this year!
Και εγώ το αντίθετο. Ποτέ δεν ήταν η αγορά τόσο ζωντανή.
Βγάζω περισσότερα από όσα έβγαζα τα τελευταία 12 χρόνια και πληρώνω λιγότερους φόρους σε σχέση με το 2019. Έκανα και 1 πρόσληψη εκεί που δεν μπορούσα να κάνω τίποτα
@@dhmossedios2194 Το θέμα ειναι να ειναι οι περισσοτεροι καλα όχι το 5-10%. Τέλος φύσικα θα βγαζεις περισσότερα αφου υπήρξε και συνεχίζει να υπαρχει υψηλός πληθωρισμός, το θέμα είναι αυτα που βγάζεις τώρα έχουν παραπάνω αγοραστική αξία απο αυτα που εβγαζες τότε?
@@RektedbyPaler Το μόνο που έχω μειώσει είναι οι αγορές ρούχων και το εστιατόριο. Κάποτε θα πήγαινα 4 φορές/μήνα. Τώρα πάω μόνο 2.
Δύσκολα είναι όσοι ζουν στο νοίκι.
Το πρόβλημα των τιμών είναι παγκόσμιο φαινόμενο και έχει να κάνει με το κόστος της ενέργειας και τον πόλεμο στην Ουκρανία. Στην Ελλάδα αντικειμενικά έχουμε ανάπτυξη και τα πηγαίνουμε λίγο καλύτερα απ'ότι πριν κάποια χρόνια. Βέβαια είναι πολύ ισχνή και θα μπορούσε να είναι πολύ καλύτερα εάν μειώνονταν και άλλο οι φόροι και η γραφειοκρατία. Ανάπτυξη σημαίνει ότι δημιουργούνται ευκαιρίες. Δεν σημαίνει ότι όλοι ντε και καλά θα βγαλουν παραπάνω λεφτά από πριν. Ακούω πολλούς που λένε πως πάμε χειρότερα από πριν και οι ίδιοι δεν δουλεύουν καν και δεν κάνουν και κάποια προσπάθεια για να βρουν κάποια δουλειά.
@@dhmossedios2194 Σχόλιο πριν μία μέρα. Αν δεν είστε ο Σκλαβενίτης, με τόσο πληθωρισμό στο ρεύμα, την βενζίνη και τα τρόφιμα δεν μένουν λεφτά για να αγοράσουμε τίποτα άλλο. Εννοείται ότι τώρα που θα σταματήσουν τα pass για όλους, τα λεγόμενα οριζόντια (βλέπετε, έφαγε τα λεφτά από το Ταμείο πράσινης μετάβασης, δεν θα αυξήσει άλλο το χρέος και οι έξτρα φόροι από τον ΦΠΑ θα πηγαίνουν στα πρωτογενή πλεονάσματα) θα υπάρξουν δεκάδες ή εκατοντάδες χιλιάδες λουκέτα.
Greece is on the right path. We have the lowest wages, the highest cost of living, our petrol and electricity prices are out of control, health and education are getting worst every year, young educated people are moving abroad, our politicians are a joke and the extreme austerity measures will come back soon due to our national debt.
you are the epitome of misery, i am pretty sure you are a leftist. We are going better and numbers don't lie
Kudos
As long as we can speak and communicate in the "same language" we realise and know our problems....its easy then to fix them too. Going blind you don't have that chance except if there is shadow support behind you or front of you if you are blind.
But we are little better than the previous administration of siriza which was a joke completely.
@@PAULME_CH Definately not. Both are jokes, SRZ did not steal a penny, these guys stole upwards of 7 billion and counting.
I am an albanian who has relatives in Greece. I saw such heavy prices at the supermarkets and sometimes the salaries are the same as in ALBANIA!!! Where is the economic growth?! Albania and Greece are having brain drain and in combination of the lack of heavy industry causes low economic growth. I see this narrative in Albania, rise of costs with no raise in salaries but the countries economy is "growing". Bonkers! We are heading again into an economic collapse.
Tell then to your relatives to go back to Albania. If they don't like it in Greece the exit door is open for them 😊
The salaries in Greece are nowhere near the albanian ones, lets not exaggerate. Average salary is like 500e more in Greece tban it is in Albania. If not more.
@@johny7even supermarket clerk in Athens 720 euro a month, 500 euros in Tirana. This is ridiculous for an EU country.
@@thoughty4257 u probably compare apples with oranges wanting to believe that Tirana is anywhere near Athens of all places. I know s/m employees who earn aprox 900 a month.
There is no comparison between Greece and Albania in terms of salaries buddy, it's not even close. Don't exaggerate to make an impression. as you say, your relatives, economic migrants from Albania to Greece, still live in Greece. If things are similar, why don't they return to Albania? So don't try to equalize the two countries. There are problems in Greece but they are much smaller than in Albania. There is a lot of work to be done and and programming in Greece, but things are not as you present them.
To our friends in other countries: don't be fooled. What's happening on the street is a massive cost of living raise with no corresponding wage increases (to the point that the government prefers to issue coupons for fuel/groceries/etc than regulate the deliberately unregulated market), electricity price gouging (citing the Ukrainian war as an excuse), the social safety nets are being removed, the public health system is being dismantled, and an increased rate of home foreclosures for ludicrously low debts, since a recent law allows the "servicers" to foreclose anytime they want, for whatever reason they want. For example, citing the natural gas price spikes due to the Ukraine war, the energy cartel here (equally unregulated) decided overnight to triple (I am being conservative here) the electricity prices, and the government is subsidizing the increase until the conclusion of the elections in 1 month, for obvious reasons. After that, it's everybody for himself. Of course, the electricity price did not drop with the subsequent drop in NG price. But the bankers are happy (why shouldn't they? the Greek and EU taxpayers have bailed them out repeatedly), and cost of living does not enter intro their calculations for "growth". It is like the old cartoon where a homeless person is sleeping in an alley covered with a newspaper writing "The Economy is Booming!"
Can I ask your opinion of MeRA25? I'm in Toronto so I have no idea what the attitude towards them is in Greece but watching from the outside MeRA seemed to have a lot of policy surrounding your list of concerns so I'm curious to hear what people there think of them.
@@DRS659 unfortunately position of mera25 is like the comunism, theoriticaly is the best, but practicaly it didnt work at all... main point is that is indeed more stable than previous years but especially for the investors its getting every day more attractive and not for the citizens because the cost of living is following the prices of countries with a lot of higher annual income.
@@DRS659 The average Greek won't vote for Mera25 because Varoufakis is connected with the bad times of 2015 with the closed banks and there is a propaganda around some of his programms by mainstream media that play into that. Mostly young voters will vote for him.
@@karanick016greece2 I'm not Greek so I know it doesn't mean much, but I was really hoping he would win. This is very sentimental but Varoufakis seems like he genuinely cares about Greece and it's people. I hope he can be redeemed in the eyes of the people and they give him another chance one day.
@@kanmts1995 mera's policies aren't communist though and they haven't been tried yet, seems a bit dismissive to say they just won't work. I'm not Greek so I'll take your word for it though.
This video has inaccurate information without a clear message, just a presentation of broken information
classic propaganda from midle east
We have the 3rd worse purchasing power in EU. Debt has risen from 135% in 2009 to 210% in 2023. More than half million (mostly educated) people have moved abroad. 90 billion euros worth of domestic properties are to be confiscated in the next years by non Greek funds. Economic growth is a statistical illusion and here s why: We had such a big recession during covid that even with the current 'high growth' we are still way behind of where the rest of he Eu were before covid.
Very well put.
Plus since 2010 births are 600.000 less than deaths. Reduce of population for first time since WW2.
Economic growth is due to vast inflation which raises the money we spent.
Arrant nonsense; the debt had fallen from 210% to 170% in the past two years and is projected to reach 135% by 2025, which is lower than Italy. Please stop lying and making up suff simply because your bigotry against the current government and its successes makes you believe ridiculous misinformation!
Let me remind you that we had the 2nd worse.
Μαγικά δεν γίνονται. Θα ανέβουμε θέσεις αν συνεχίσουμε αυτή τη πορεία.
Το δε δημόσιο χρέος ήταν 206% του ΑΕΠ το 2020. Σήμερα είναι στο 174%.
Economic growth is due to big inflation. There is the nominal GDP and the actual GDP. The second doesn't include inflation. Same is for wages and pentions. We have 6% of GDP nominal growth. It is because we spent more money due to inflation. Unfortunately no one even the opposition tells how much is the actual growth.
I was expecting the full picture from an international, well-established news network. Greeks can't afford their rent as those who own property are asking for obscene amounts of money (often a month's wage for a one bedroom flat) that "digital nomads" are willing to pay with their US and western European wages. Our transportation system is one of the most dangerous in Europe with a massive death toll, while our health system is depending on the professionalism of the staff, heroically working without any support. Thinking of visiting Kos like 3 million other tourists? Be careful, there's only one ambulance there, like in most touristy destinations. Don't get me started on corruption and the current state on freedom (?) of press. It's not a recovery. They transformed a European country into a southeast Asia modelled playground for the rich during the summer months via a careful povertization plan.
Best commend under this video hands down. As a Greek, perfect description.
HSBC banking is GREEK bank...
Economic growth that only the elite enjoy while the rest are still struggling in some cases harder than before
That's everywhere...
@@geogeo639instances where a quarter of gdp was lost? In any case distribution of wealth is increasingly skewed and is spiralling out of control, until people will have enough of it...
@@MitsosDA Wait and see... Greece was a guinea pig. A testing field.
amen
HSBC banking is GREEK
As a Greek i would strongly advise not to believe anything.
Much more worse the situation in Turkey. All sfigures are big lies 😏
By borrowing more money, and raising the debt to 410 billion (from 337 in 2019). Oh and by selling out all state wealth and private property, basically EVERYTHING, to foreign states and foreign private funds
Also there is internal debt 52 bn.
That's nonsense, only the revenues of the top 1% of Greeks and a handful of large corporates are increasing. The rest of the people are struggling with unreasonable rising prices and high unemployment (unemployment went down only due to brain drain and alterations in the statistical methods used to measure it). The rule of law and human rights are under attack, too. The problem is that the government controls every media and has deep connections in the EPP party in the European Parliament, which silents every opposition voice.
I agree, we are heading to the point where if you no longer support Mitsotakis' party, you will be considered non greek, or national security treat
There is no growth in Greece. Actually Greece is heading speedily towards the worst economic situation it has ever faced including the aftermath of WWs. Whatever extra capital there is, it goes towards a very very smal elite.
@freddo_cappuccino that is true. But will not be free for long.
Μπούρδες αγορίνα. Μπούρδες λες
@freddo_cappuccino private universities and health are in Mitsotakis agenda. Just give him time.
@freddo_cappuccino Not entirely true, Greek citizens pay taxes almost the same volume as the Scandinavian countries but with 0 benefits ofc, the specialized workforce is payed the same peanuts salary as the "unskilled" labor workforce. In Greece to live by yourself with dignity you need AT LEAST 2000 euros NET SALARY per month, in which to get this money you need to work at the very least 5+ years in a very specialized sector. First and second grade education albeit "free", it is subpar to the rest of the 1st world countries and it is outsourced by private institutions because the public ones are incompenent to offer quality in education and Greek citizens pay TONS of money to educate their children for a better future. So no, QUALITY EDUCATION IN GREECE IS NOT FREE!!!
@@dhmossedios2194 troll, paid by our government to counter facts on youtube. This government has spent millions upon millions to spread misinformation online and via Greek Mass Media.
How did Greece go from bankrupt to growing? Very simple, inflation boosts revenues in absolute terms, while wages remain pretty much the same. If you subtract inflation from the equation, revenues are the same while wages decrease. Which means the nation becomes "richer" through harder exploitation of the working class. I wouldn't be surprised if within 20 years from now the average Chinese worker is better paid than his Greek counterpart.
Lol..I would nit be surprised if Greece flunked out again.😊
Βασικά οι περισσότεροι εργαζόμενοι στην Κίνα ηδη πληρώνονται καλύτερα σε μονάδες αγοραστικής δύναμης απ τους περισσότερους στην Ελλάδα..
Παρόλα αυτα, η σημερινή κυβέρνηση τα πηγε ασυγκρίτως καλύτερα απ την προηγούμενη κάνοντας απλώς τα αυτονόητα. Με την προηγούμενη, τα αυτονόητα ηταν επιστημονική φαντασία. Δεν ενδιαφέρονταν καν να δημιουργήθουν επενδύσεις στη χώρα. Αν κυβέρνουσαν οι προηγούμενοι θα ηταν πολυ χειρότερα τα πράγματα. Γι αυτό και ο κόσμος εδωσε στην προηγούμενη τοσο μικρό ποσοστό. Ψήφισε το λιγότερο χειρότερο και τιμώρησε τους προηγούμενους.
As a Greek I hope one day my country will stop depending financially on tourism
Χαιρετισμούς από τη Σαουδική Αραβία, εύχομαι η Ελλάδα σε όλη την ευημερία και την ανάπτυξη. Εγώ ο ίδιος αγοράζω πολλά ελληνικά προϊόντα στη χώρα μου.
και σε τι να βασιστει φιλε μου ?
@@stefanos_g_ss5434 πρωτογενή τομέα και δευτερογενή
@@waleed8530 να είσαι πάντα καλά
@@kolokithas7865φίλε μου δεν είμαστε μια πεδιάδα για να μπορέσουμε να έχουμε αγροτικό πρωτογενή τομέα. Ούτε τους τρελούς φυσικούς πόρους. Ακόμα και το πετρέλαιο μας είναι χαμηλής ποιότητας και θέλει αυξημένο κόστος για να επεξεργαστεί. Αν ήταν σαν των Αράβων να είσαι σίγουρος ότι θα μας το είχαν πάρει ήδη... Μπορούμε να εκμεταλλευτούμε την αιολική και ηλιακή ενέργεια αλλά μέχρι εκεί. Οπότε μας μένει μια ναυτιλία που έχουμε καταστρέψει και ένας τουρισμός.
There is no economic growth, at least for the 95% of Greece's businesses and households. Your title is misleading and offensive.
"economic growth?" REALLY!!!???? WHEN???????
I had the impression that only in Greece you buy a TV and you end up with a washing machine, but judging by the Al Jazeera report, this also happens elsewhere. 🤭🤭🤭
To answer the question that he dodged: no, we're not coming back
How can Greece have economic growth without actually producing anything ?Greece only provides services and tourism. Greece could mass export alot of goods like olive oil but we actually give to Italy to export it as Italian. This so called economic growth is in papers still.
How can there be economic growth when everything gets more expensive while wages are not substantially increased ?
Exactly my point. Greece doesn't produce high value added goods and services. Tourism can do only that much,but not enough sadly
What about shipping and shipbuilding? I have heart they have a very strong shipping sector but may be it is not enough?
I don't think Greece have the capability or the know how to compete with on the world markets in ship building. This is technically intensive sector.
Greece's exports include food (especially fruit, olives and nuts), clothing and apparel, machinery, and refined petroleum and petroleum-based products.
@@Catcalledprincess Countrys with similar populations like Checkia, Hungary, Sweden or Belgium /around 10 million ppl /, export several times more than Greece. They are also less corrupt and better run. I am afraid the 30- 40 Billion US dollars that GR menages are not the over 100, 200, 300 billion the
Why did you ask a representative of the most failed sector of the Greek economy to comment on it? Of course they love Mitsotakis, he's been handing out EU money to the private banks (that contribute a total sum of zero to the real economy) instead of reinforcing the SME's for which the Recovery Fund was intended.
Economic growth?
They have 2 lost generations.
Just that... 17,000 Greeks committed suicide within a year then, Greek children fainted in schools in those years, half a million educated Greeks fled abroad, the country fell into great misery, those of us who stayed behind lost our youth. No one says that. If they happen in their countries, however, they will experience them and they will love to respect...
I do not what economic growth Greece had but i just came back from Athens and the price of boxes of 4 or 6 icecreams is almost 10€ the same brAnd and quantity is 3.5£ in UK .Economic growth of Greece does not mean that people live very well
Yeah the growth is in paper only. In fact I feel poorer than 2015 right now
@@freddo_cappuccino2695 Try getting a different shade of glasses,lose the blue ones they seem to hurt your vision completly...
there is no growth in Hellas, only catastrophy..
I am Greek and there is no "economic growth". The only growth is to the rich people that they control the country. Rent is way to high, food is going higher and higher, energy is super expensive.
I read American laws
Will go back to bankruptcy soon enough...cycle
Greece: i am the captain now
Yeah sure.. captain on a sunken boat
He mentioned many inaccuracies about the development of the Greek economy. Unemployment decreased with new jobs opening with 700-800 euro salaries. About the public sector, doctors dont want to work anymore to public hospitals for 1000-1500 euro salaries, they prefer to work in the private sector or to leave abroad in a foreign country where the salaries are 4.5, even 10 times higher. Also 80% of medical school students immediately leave the country to work abroad. They apply some relief methods for households as they used to apply in the ex communist states of Eastern Europe before the 90s using English terms to avoid the similarity (power pass - market pass, 100-200 euro discount coupons for tourism, etc.). This is the harsh reality for the Greek people today, anything else they say is a lie
700-800e/month is below slavery, the rent only is between 350-650e/month
The 700-800 euros are for the unskilled. A 25-year-old with no special knowledge, what salary should he start with? Also, the fact that jobs were opened with 700-800 euros is an increase compared to before when there were none. What did you expect a government (any government) to come and solve a problem on the ground? Or did you expect all Greeks to find a job with 2000 euros per month? This will never happen anywhere.
"Decaying sectors of the economy" is his word for growth that is skewed to sectors profitable for outside investors (tourism, real estate, construction, energy) and survival wages for the Greeks.
Recovering doesn't mean necessarily growth. Growth takes place when production capabilities are increasing. This is not happening in Greece
Unpaid aid? The population in so-called rich Western countries are struggling to eat these days!
This video is A BIG FAT LIE.... Greece never recovered, we are experiencing an even bigger recession now
How do you define economic growth? Salaries are stagnant for more than a decade, spending on education and health care is non existent, the pensions that were cut in half are still at the lowest ever levels, while the big companies that bank rolled the politicians don't pay taxes owed, pension funds or other liabilities have been frozen and lots of public money is driven towards the friends of the government. Nice tongue bath Al Jazeera, not your first though.
Have you realized that the government of Greece is sending false information abroad? In a few months, a new memorandum comes and the prime minister distributes the money to his own people.
wow Greek is growing
are you guys insane ? we got growth where ? Xd
Greece must following Ireland ,Singapore and Israel.
Μost greeks will say nothing has changed probably that everything is worse now but that's not the case at all. As people will like to play victims of the system and the elites. I'm 29 not involved in politics whatsoever. I not rich I'm not a businessman I work at small business payed minimum wage which is 780 euros. It was 650 3 years ago. Sure it's not a life changing increase but an increase nevertheless. Most of my friends working in different fields of work have also seen increases on their wages. Exept money there is a feeling of stability and security compared to the last 10 years of ressesion which felt completely different. Taxation is considerably lower and international relationships are going exeptionaly well even with Turkey. I'm not saying everything is perfect, corruption, tax evation, inflation and energy cost are still huge problems and obviously there is still a long way but things are definately a lot better than it used to be.
Young people fled when they realized that they are working to pay the old
the opposite of today's germany! ahahahahahaha
Economic growth in Greece? That's a really good joke! Whoever wrote this does not live here!
As an educated Greek who has
struggled to find a job after the memorandum period, I have to state the following:
It is easier to find a job now, but by no means can a single person get through without working 2 jobs.. our goverments is a joke.wages of 700 euros, rentals at 400 euros min. The standard of living in 2023 is overly drama, and the worst is anticipated.
Thank you Greek governments, you doomed us.
I don't know where they see the growth. The prices of basic products have skyrocketed. We have one of the most expensive electricity, we had petrol prices the same as in Switzerland when our basic salary is around 650 euro.. Not to mention about the rent, 400-500 euros and one of the most expensive internet in Europe
yeah, lower electricity, fuel, and internet would help a lot for Greece.
hmmm...unemployment falling when hundreds of thousands of mostly highly educated young citizens have fled for a better future elsewhere.
economic growth???...what economic growth???...are you guys crazy?...their is no economic growth atm in Greece wtf!
Ofc there is. Employment is growing. More than 300.000 people found a job compared to 2019
@@dhmossedios2194 you are hilarious, i am in Greece, get lost
@@boriskaragiannis και εγώ είμαι αδερφέ. Είσαι ψευτρακος μεγάλος.
@@dhmossedios2194 troll, paid by our government to counter facts on youtube. This government has spent millions upon millions to spread misinformation online and via Greek Mass Media.
Economic growth only for the bankers and vultures, because any other inducator for the average greek citizen shows the opposite. The real miracle is Iceland or Ireland that managed to recover by restructing their economies and imprisoned corrupt bankers and politicians. Greece on the other hand just did a sell-off of its most profitable resources for peanuts and that's now called growth. Capitalist economy is fachinating. Let's talk about the great economic growth in Lybia after Gaddafi too.
Only the top 1% enjoy economic growth. The purchasing power of the normal greek citizen has been worse than even before. The bills,rents,food, fuel,services prices have been 200-300% increased while salaries have remained THE SAME!
Spoiler alert!
It didn't!!! Trust me I live in Greece.
The right question is not How but When did this happen
Prices for everything, even things like water, electricity and gas have more than doubled with a 10% increase on our wages.
...+ still cheap...will go higher, to the "european standards"
American laws are good
@@angelachanelhuang1651 american laws are garbage
The voice-over translation at 3:00-3:11 is pretty inaccurate (at least when compared to the excerpt of the woman speaking that is shown) with some parts made up (e.g. she does not mention previous leaders at all). She actually says: "We hope that Greece will do much better. That is to say, from whatever they didn't have time to do in their first term... I'd be satisfied if they do half of what they say."
Top 5:exports in U S. We need to start trading more with the EU and allow Euros as a currency at the World bank within the U.S
Gasoline and Other Fuels
Crude Petroleum
Liquified Natural Gas (LNG) and Other Natural Gases
Civilian Aircraft Parts
Passenger Vehicles
So..Oxfam Charlities to reduce famine?!First,we need to generate more with the Euro and trading investments in the U.S
It is never going to happen as long as Greece is in bed with China.
Corruption and overspending were the problems. If corruption is eradicated and budget deficits are eliminated, countries will function as they should.
Right so. I agree 100%. Italy is still the Nation trough out Europe wich has the lowest economic growth. Only that such corrupted and no good politics must be blame
Call it Left
Left, in other words the quintessential of hypocrisy.
This is the Balkans. Add the Ottoman heritage and Mediterranean mentality...it'll never be solved
And you are a million miles away from truth. Actually Greece didn't bankrupt. EU count as debt the collateral bond for banks. So Greece is the only country made public the banks debt. Untill then public debt was about 60% of GDP. The racists of Europe claim corruption and overspending. In fact it is a fake bankrupty.
I did not finish the episode. Went straight to the comments. It does not look like economic growth.
The economic growth in Greece is for the elite. The people are getting poorer, as it is mentioned in the video, the cost of living is rising, and there is inflation, but wages remain the same. People are losing their property because they cannot pay back loans because of austerity measures. There's wealth redistribution happening, from the people to the elite.
When did Greece go from bankruptcy to economic growth? Growth is not real. It is a result of the austerity measures being postponed + free cash flow from eu. This stops next year. In 2025 business loans given in 2020 with the states guarantee are due to be fully paid and most of the Greek businesses,as usual, will not pay them. The good thing is that business auctions proceed faster now (unless you are a New Democracy member) and with real estate markets going up the banks might need less money to be saved.
To sum up: austerity measures will return in six moths and a new bank bailout program will be probably needed in 24-36 months.
The liberal government in Greece is doing an amazing job.
There is GROWTH to a country that is known for perseverance, determination and IDENTIFICATION, genuinely Greek. Philosophically, Economically, numericos calidad, Griego, Grecco. Ci.
Economic growth in Greece 😅😂 journalism at its best 🎉
story of the GREEKs
That's a lie. Greece is worse than before
Definitely Greeks are recovering due to Euro inflation. Inflation makes debt servicing easier. So higher the inflation rate better it is for Greece to make repayment. When Inflation was lower, it was harder for Greece to repay. If euro inflation stays near 10% for next few years, Greece will be debt sustainable very soon.
We had to shed a lot of BLOOD SWEAT AND LIVES . Many lost homes, savings and likelihoods as well as LIVES many committed suicide . We had so SELL OFF our assets at ridiculously LOW prices ....so there is still a long road ahead
But you enjoyed to spend without earning the money needed. Just cheating and relaying on hand outs from the EU. What do you produce and sell to the world. You don't even want to pay taxes. Tsigany😅😊
25:30
We - the population of the “rich” western countries - would love nothing more than a tax on the rich! Good luck. We aren’t having much.
China, not EU, helps a lot.
Nice CCP propaganda, China is helping themselves you sadistic troll.
🇬🇷🇨🇾🇨🇳
We took all the people from their fields to the factories, and then ignored them once job is done. It would be more sustainable inter-connected smaller community groups. The smaller communities so they resource themselves and look after the environment. Inter-connected because we as a global race need to keep the variety among us and work together for greater progress across the universe as humans.
Thanks for posting.
very far from the truth, not even the real picture
And youth unemployment is still at the top, especially on the countryside, and I still cant find a job..
Massive wage cuts. All of a sudden young greeks are everywhere else (outside) other than greece. Its sad.
Very misinforming article. Im a Greek living in Greece, and the thing is Greece isnt seeing any real growth in years. Growth exists only for the rich, while the rest live with a minimum wage of roughly 700€. Now call that growth!
Stay strong Greece, growth will eventually reach the working class. Greetings from PT
Greek economic growth is totally fake. People might take 50 euro more than last year but they have to spend 200 more. People that left the country, like me, will propably never go back. Greek voters showed they have sort of Amnesia and they are deeply conservative. I feel like the right party of New democracy along with their voters, media, economic elite etc have condemned the rest to eternal distopia for Democracy, equality and peoples lifes in general. I am sad to say that, i will never go back in those conditions and that Greece unfortunately brings me sadness and disappointment.Greetings from abroad.
Your studio mikes work so good we can hear the breeze hitting them during the show.
I am Greek. Many negative comments from Greeks have some truth but are also inaccurate or exaggerations. There is indeed a big improvement in the economy, but because this rise occurred in the midst of successive global crises (and other problems we have in Greece), this improvement is not particularly very noticeable.
Anyway it doesn't matter, f*ck the system and bringing back real direct democracy and authentic Hellenic culture is what matters to us
Democacy is just a mob rule, this one the gangsta ruling system the hellenes introduced to the world.
how greece went from bankrupty to economic growth i see how you get your wages "arabic" euronews talk about greek work force what do they do for living because either waste their energy or emigrate
Kenya is in a similar crisis like that of Greece a decade ago and I know why
Is Kenya French debt colony?
Greece has crisis because of euro currency. So implements internal devaluation which destroys everything.
the growth mentioned does not refer to the Greeks but to those who caused the crisis and who have been making money from the people's misery since the beginning (americans, germans, banks)
cost of living crisis in Greece 2023 ? It looks like it is "world wide cost of living crisis" , affecting all countries around the world not only Greece.Debt issues? Again world wide issue effecting all countries around the world, especially during Covid period, countries just printing money !!@
As I understand there is a world wide cost of living. BUT think that for the last 10+ years Greeks had already economic problems. The cost of living crisis adds up the the previous 10+ years.
Economic...what ;;;;😅😅😅😅
Greetings from Greece
Because Greeks are smart and hard workers
Economic growth ??? Nice joke!
That news anchor really has some big surprises hiding there.
I am ashamed to read all the negativity and I do understand people's frustration and anger, but if the young and educated leave Greece to work elsewhere then they are not helping the country recover and prosper.
If the politicians are corrupt then get rid of the them. People should stay and help their country in its hour of need not go abroad and give their skills to others.
We live in noisy area and depend on captions to understand fully your programs- can something be done about captions interfering with position of person talking- like managing director of a firm
Almost every comment here from main street Greece is contrary to what is being reported here by jaz.
"Climate change" is an issue for the developed countries. Overexploited countries need to use their resources to fight poverty and underdevelopment first.
This documentary is a complete joke, greek economy is in the worst point since WWII, public dept is historically higher than ever, and cost of living among the highest in the EU while salaries one of lowest positions.
They’re privatizing education, housing, hospitals etc.. that’s their new answer and it’s not a good one. it may be good in the short term but privatization has killed the US. In the long run privatizing education eventually led to public colleges being expensive but could be paid off within a lifetime and private colleges as being so expensive that the debt you take on will likely be passed on to your children. The difference in the quality of education is nill but the private college dorm rooms maybe be nicer. However, private high schools are known to provide better education. Public schools can provide the same quality education as private but it’s more about the student using it to their advantage. Classrooms are larger so it’s up to the child to get the help they need and speak up. An annoying piece of the privatization of education in Greece is that multi campus colleges like online scam colleges will now move into Greece student market and function in the govts eyes as a non profit. I pray its people do a ton of research because there are millions of millennials that fell for those scams and are still paying the debts despite having a degree which amounts to a piece of paper.. these universities didn’t bother with getting credentials. Anyone recall Trump Universities? The scam colleges?
I mean this as a Turk living in Greece. Türkiye has surpassed Greece in most sectors. Unfortunately, I will leave this country as soon as I finish my school because you can neither be rich nor live like a human here. And they shamelessly talk about fighting with Türkiye
racist and propagandist
What are you doing in Greece then, go back to Turkey.
Good for Greece now can Lebanon do the same
wait and see the Chinese gouvernment help is just started. So 15 years from now Syria will be thriving like never before.
@@giawou6615 CCP won't be in a position to help in a few short years.
@@giawou6615 Gouvernment uwu
@@yukinometaxa5702 You can not even spell properly lollllllllllllllllllllll are you even a person
Don't wish for the same. Is not that good. The numbers are good but people are suffering in Greece.
What about the USA stealing $400million from Northern Syria each day
You steal all Anatolia from the Greeks so shut up
Greece always survives and rises again...
our debt ceiling will rise again
Greece never bankrupted though. Only turkish newspapers and their turkish owned german newspapers like bild were calling greece bankrupt. Greece had a debt the same as belgium that never entered a imf program. Greece always payed the debts she did not bankrupted in during the crisis. She continued paying the debts. Bankruptcy is when you stop paying the debts like turkey did in 2000s .
Hadn't Germany took over most of the Greece debt thanks to the deal Mr. Tsipras made with Mrs. Merkel Greece would have had to declare bankruptcy.
When you're at the bottom, only way to go is up
MY MOTHER CAME FROM THE DEPRESSION BUT WAS NO WAY POOR BUT HER GRANDPARENTS THOUGHT HER TO SPEND YOUR MONEY THE RIGHT WAY AND SHE DID
Greek economy recovering for who? The funds? Definitely not for the people.
As a Turk, I love neighbour a lot but this growth ABSOLUTLY LIE! JUST LIKE BEFORE.
THOSE POLITICIANS RUINED OUR BE LOVED NEIGHBOUR DAY BY DAY. BUT THIS TIME POPULATION DECLINE MAKE IT EVERYTHING WORST 😣😔
Whenever we need help (just like 6 feb 2023 earthquakes) Greeks run to help immedetly!
REALLY WHAT ARE WE GONNA DO WHEN WE NEED TO GREECE?!
🇬🇷♥️🇹🇷
God Bliss Greece.
Economic growth?Greece?Is this a joke?
We started minding our own business as the rest. It worked.
Middle class in Greece is still suffering
"To a large extent" get someone that can actually engage in the questions. Tasos is literally reading off of a computer screen.
it didnt, the government just cooks the books once again.. dont get fooled
Are you crazy.there is not any recovery nowdays we are poorest than ever