by Dimitris
Stavrou
Nowadays, we all
live in the hit of a strong financial crisis as all the developed countries are
looking their budgets destroying and damaging the lives of their citizens.
In Greece, the effects
of the financial crisis are stronger than the ones at any other country of
Europe. A great number of enterprises are closed, so the unemployment is
getting increased reaching the proportion of twenty three per cent. About one
million unemployed people are disappointed since they can’t afford their needs
and the needs of their families. Additionally, we have a very high taxation
level with new taxes appearing every month and reducing dramatically our
incomes.
Moreover, the
government decided to cut the salaries of the workers, both in private and
public sector. Being a worker today in Greece means that someone earns from
five hundred to two thousand Euros per month, maximum. Many workers lose their
courage as they have no more motivation to produce or to apply new ideas in the
fields of their professions. Many of them can’t afford their loans and mortgages
so the banks threaten to seizer their property.
As a result, the
greek people are facing serious psychological problems that procure various
types of diseases: Depression, heart attacks and strokes are, according to
scientists, directly linked with the economic situation. The more tragic is the
fact that also the number of suicides has dramatically got increased…
Nobody seems to
know exactly the causes of such a desire. On the one hand, those who believe
that the bigger problem is the size of the greek state, with the large number
of civil servants and public organizations not so useful. During the last
decades, the greek state used to borrow a lot of money to pay its workers and
suppliers. So, we created a huge Public Debt that we couldn’t pay back any
more. As a result, the markets of money stopped lending us.
On the other hand,
those who believe that the financial crisis is a essential effect of
Capitalism. Since the banking system plays the role of the “lung” of our
economies, it is difficult to avoid such crises. Thanks to the evolution o f
Technology, new banking products are continuously created and the investors run
after to gain benefits of them. This game promotes a “virtual economy” which
has the power to influence the budgets of whole states.
The greek
government tries to resolve this historical problem with the cooperation of
International Money Fund, European Union and the European Central Bank. As they
proposed, the government has already reduced the public expenditure, but only
in the side of salaries. Is this the right solution ?
The majority of the
economists think that more reforms are needed. Opening closed professions, privatization
of public companies and reduction of the number of the civil servants are some
proposals which give the hope of return to the economic growth. Other
economists disagree: They prefer the absolute suppression of the greek debt so that
the economy restart. But this opinion brings the question: How do our lenders
can stop asking for the money they have already given to us ?
In the side of
citizens, a lot of young people decide to immigrate. Countries such as the USA
or Canada, with their financial stability, offer more opportunities for an
interesting career. The young people who prefer to stay home think to change
job and convey their activities to sectors like agriculture. Thus, we can
observe a movement from the cities to the villages where the “neo-rurals” can
find the land needed to cultivate new products by applying innovated methods.
Everybody agrees at
one point: Greece is passing through a historical challenge and the Greeks have
to learn how to adapt to it. In the meanwhile, we must stay optimists…
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