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Poverty threatens the Greeks in the countryside



The Austrian newspaper Der Standard refers to a study by the Amsterdam Transnational Institute, which focuses on poverty in Greece during the crisis and more specifically on the increasingly difficult access to important species of a large part of the Greek rural population in particular. "Tax increases, privatization, liberalization of the market." With these measures, Greece has been fighting for years to prevent bankruptcy, measures imposed by creditors in the country, which have been struggling at its feet since 2008. This has had far-reaching consequences, such as According to the TNI survey (…), rural poverty is so great that there is insufficient access to food for the population, but food is often imported and therefore more expensive for many consumers. "

The survey shows that ten years after the outbreak of the financial and economic crisis about 40% of the rural population is threatened by poverty. As the study says, the supply and access to food has deteriorated, while the cause lies in the austerity measures. The Austrian newspaper notes: "All this means a significant change in eating habits for a household, according to the researchers." The percentage of households that can not have meat or fish on the menu every second day doubled during the crisis, 14%, the study estimates. Also, all families with children can no longer eat protein-rich food: the number of households with children that do not contain protein-rich food daily doubled because it reached 9% of the population. The same study also shows that unemployment in rural areas rose from 7% to 25% within ten years, and between 2008 and 2013 alone the income per capita fell to almost a quarter. As a result food insecurity during the crisis increased from 7% in 2008 to 14% in 2016 ".

Will Athens need EU money for banks again?

The German news network NTV focuses on the situation of Greek banks and the new plans to deal with red loans. "Three times in the last ten years, Greek banks had to be rescued, but they have not yet been purged, but Athens wants this time to prevent the collapse by creating a bad bank, but this seems difficult without money from Brussels," said NTV. . He also points to the great efforts to save Greek banks, of which the Greek state raised 50 billion euros in the financial sector, "but still more than half of the bank loans are still problematic, companies and households that have borrowed money, are hardly able to repay them (…) Nowhere else in the EU are financial institutions in a worse situation. "

The report then focuses on the projects being considered in Greece to save the banks. The first two scenarios come from the Bank of Greece and the Ministry of Finance and relate to the creation of a special bath bank, which will be able to provide future non-performing loans that will be transferred by it. to accept and secure by individual banks that are in trouble. A third scenario with regard to the management of bad loans could be based on a rescue model for banks similar to that of Cyprus, according to a Bloomberg report to which NTV refers. However, NTV estimates that "there is no alternative to saving banks in both directions: not only does Greece need access to international financial markets and growth, but the pressure of the ECB increases (…) Depreciation, restructuring and sales precarious loans further exacerbate the capital base of the banks. (…) It is likely that the Greek banks and the Greek state will not be able to process the rescue of the banks with their own troops. (…) Greece and Europe will have no choice – a taste of what else can happen in the financial markets (if no new measures are taken jointly) can already be taken from stock prices The Athens Stock Exchange has half of its value this year lost, while the shares of Greek banks lose on average more than 30%. Salvation is necessary. "

Achence & # 39; s threats for "a new trip to Cyprus"

Recent threats by the Turkish Turkish politician Meral Aksener about "a new trip to Cyprus" as attempts to find hydrocarbon deposits off the Mediterranean coast are quoted by Frankfurter Rundschau. "Cyprus launches gas exploration near its coasts, but Turkey objects to the exploitation of Europe's mineral resources," the paper said, and presented the situation on the outskirts of Cyprus, with the international groups that have arrived in the area to drill, warships, geopolitical correlations and stressed that "in the gas dispute, Cyprus has the support of the United States." After the arrival of the Stena Icemax research vessel, Foreign Minister and US Secretary of Energy, Frances Fanon, to Nicosia In Turkey this is all taken differently President Recep Tayyip Erdogan calls the "thieves of the seas" of the Greek Cypriots Ankara does not recognize the European state of Cyprus according to international law, while Mair Ackenner, the head of the nationalist IYI party, even threatening Cyprus with a new invasion. "


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