Here’s why Greece’s economic ‘recovery’ has been good news for no one but the rich | Yanis Varoufakis
Buoyed by fire sales of public assets, a tiny minority of Greeks are thriving. Everyone else is mired in hopelessnessSpring is already in the air across Greece. Even in the bleakest of times, nature’s renaissance renders hope irrepressible. But this one is proving a cruel spring for a people caught up in a decade-old crisis yielding one ritual humiliation after another.Costas runs a small bookshop in my central Athens neighbourhood. Although jovial by constitution, he finds it difficult to hide the worry lines multiplying on his face. Fifteen years ago he put his flat up as collateral for a business loan to spruce up the bookshop. When the Greek debt crisis wreaked its havoc, it was impossible to service that loan. Continue reading...
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€180m-a-year scheme launched in response to projections of ageing and shrinking populationAs the new year dawned,...€180m-a-year scheme launched in response to projections of ageing and shrinking populationAs the new year dawned, Maria Pardalakis was in the throes of labour. The clock had barely struck midnight when she delivered a healthy boy in a clinic on Crete.With her son’s birth – the first in Greece this year – Pardalakis and her husband, Christos, became the first people eligible for a €2,000 (£1,700) government baby bonus. “It’s been a new year like no other, the best gift my wife could give me,” Christos enthused. “And, sure, the benefit will help – not just us, a lot of families.” Continue reading...