The Greek tragedy: no money, no hope

Sunday, September 25, 2011
By Paul Martin

Despairing middle classes could be the biggest threat to Greece’s future, writes Paul Mason in Athens.

By Paul Mason
24 Sep 2011

Dmitris Andreou made the last sale out of his small estate agents business in June. His wife Mary, makes her living preparing high-school students for English exams.

But her living has dried up. Their savings are exhausted, their disposable income has dropped by about 50 per cent in two years, and they are angry.

“Some days we only buy the basics and a few days lately we were not able to buy even those. We have to count our cents to decide between buying bread, milk or butter,” says Mary.

“Some days are better, but some are difficult. We don’t buy clothes any more. People don’t go out. There is simply no money around out there.”

In their neat apartment in an Athens suburb, surrounded by family heirlooms and lace tablecloths, they are a world apart from the anarchist demonstrators who snatch the headlines whenever opposition to the EU-imposed austerity measures is discussed.

The Rest…HERE

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