| Description |
1 online resource (streaming video file) (26 min. 37 sec.) ; 161192572 bytes |
| Summary |
Beware, Greeks bearing debts! Olympus-sized debts that would give Hercules a double-hernia and that threaten to swamp the nation like some modern day Atlantis. Sink or survive there's plenty of pain ahead in the land of Fakelaki. "There's an old saying here in Greece: the more money you steal the better off you are. If you steal a few hundred euros you go to jail. If you steal thousands of euros, we'll talk about it. If you steal a few million euros, you become a hero"CHRISTOS KYRIAKOUSIS Athens cabbieHow did Greece get into a gargantuan $450B mess and how can it possibly emerge from it without a great deal of pain and misery, if at all?Neighbours are on edge. A worried world is looking on. If Greece doesn't get itself out of this deep, dark hole then pain will surely radiate out, strike other nations hard and shake global markets.Failure to resolve Greece's economic crisis could trigger the kind of madcap mayhem currently playing out in Clash of The Titans."We have to recognise that the party is over and we now have to start working very hard."COSTAS BAKOURIS Transparency International, Athens.Foreign Correspondent's Mark Corcoran takes a white-knuckle cab ride into Greece's financial maelstrom to meet some everyday locals coping with a looming catastrophe. Hard-bitten cabbie Christos Kyriakousis is his street-wise guide, former Perth businessman and local hotelier Nick Geronimos wrestles with a groaning and glacial bureaucracy, while fashionista and A-list facilitator Renee Pappas decries the burgeoning ranks of illegal immigrants slipping into the country and flogging knock-off Prada in Athens' historical precincts.All shake their heads and shrug their shoulders about Fakalaki - the rampant and pervasive system of kickbacks and payola that blight the economy and burden everyone."It is broken - it has to be fixed".NICK GERONIMOS Athens businessmanThat's the dilemma undermining action. Corruption has become an accepted norm, a black economy has grown so big that tax receipts are dangerously anaemic and everyone agrees something needs to be done, but by someone else. And if nothing changes?"I suppose we go up to the Parthenon and wear our togas and have a bit of fun."NICK GERONIMOS Athens businessman |
| Notes |
Closed captioning in English |
| Event |
Broadcast 2010-04-20 at 20:00:00 |
| Notes |
Classification: NC |
| Subject |
Debts, External -- Social aspects.
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Eurozone.
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Financial crises -- Economic aspects.
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Greeks -- Economic conditions.
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Greece.
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Streaming video
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| Author |
Bakouris, Costas, contributor
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Corcoran, Mark, host
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Geronimos, Nick, contributor
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Kyriakousis, Chrystos, contributor
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Pappas, Rene, contributor
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Vrettakos, Vrettos, contributor
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