channel69/Greece_4see

Greece, Athens - Abandoned, empty billboards over deserted streets are now part of the landscape of Athens. Greek economical crisis started in 2008. The so-called Austerity measures imposed to the country by the “Troika” (European Union, European Central Bank, and International Monetary Fund) to reduce its debt, were followed by a deep recession and the worsening of life conditions for millions of people. Unemployment rate grew from 8.5% in 2008 to 25% in 2012 (source: Hellenic Statistical Authority).
Bruno Simões Castanheira

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Filename: h_00021518.jpg
Copyright: Bruno Castanheira/4SEE
Image Size: 4000x2667 / 7.2MB; Austerity charity crisis crisis in Europe economic collapse economy europe financial Greece homeless people hostility IMF measures minorities misery politics poverty Social catastrophe social consequences troika troyka
Contained in galleries: Crisis - Greece, Crisis and Social Catastrophe

Greece, Athens - Abandoned, empty billboards over deserted streets are now part of the landscape of Athens. Greek economical crisis started in 2008. The so-called Austerity measures imposed to the country by the “Troika” (European Union, European Central Bank, and International Monetary Fund) to reduce its debt, were followed by a deep recession and the worsening of life conditions for millions of people. Unemployment rate grew from 8.5% in 2008 to 25% in 2012 (source: Hellenic Statistical Authority). <br />
Bruno Simões Castanheira