Corruption in Greece

What was a significant cause of the Greek crisis?

Bad governance and corruption leading to heavy debt.

What role did foreign lenders play in the Greek crisis?

They contributed to the creation of heavy debt and were involved in debt concealment.

What is 'Fakellakia' in the context of Greek corruption?

Private corruption involving small bribes.

What was the outcome of the first bailout for Greece?

It failed to restore market confidence and led to a deeper recession.

What were the austerity measures imposed on Greece during 2010-2014?

Cuts to health, education, and public services, leading to high unemployment.

What was the unemployment rate in Greece by 2012?

27 percent.

What did the European Committee of Social Rights find about Greece's austerity measures?

They violated several articles of the European Social Charter.

What was the debt-to-GDP ratio trend in Greece from 1980 to 2009?

It increased significantly, reflecting unsustainable debt levels.

What is 'regulatory fundamentalism' in the context of the Greek crisis?

Insisting on programs that undermine stated objectives, leading to further economic issues.

What were the consequences of the austerity measures on youth in Greece?

Reduction of minimum wage for workers under 25, deemed excessive and discriminatory.

What was the impact of the Greek crisis on public trust?

There was a significant revenue shortfall and a growing trust deficit.

What is the significance of the Truth Committee on Public Debt established in 2015?

It revealed that public expenditure was lower than that of other Eurozone members.

What were the effects of capital flight during the Greek crisis?

It contributed to brain drain and increased poverty and inequality.

What were some of the bright spots mentioned in the context of the Greek crisis?

Islands of integrity in governance and efforts towards transparency and accountability.

What was the role of the Troika in the Greek crisis?

They imposed austerity measures despite knowing the debt was unsustainable.

What was the outcome of the Tempi train wreck in Greece?

57 confirmed dead due to human error and lack of safety measures.

What does the term 'clientelism' refer to in Greek governance?

A system where political support is exchanged for government benefits.

What is the significance of the IMF's acknowledgment of their role in the Greek crisis?

They recognized that their measures did not lead to sustainable recovery.

What does the term 'overregulation' imply in the context of Greek administration?

Excessive rules that hinder efficiency and effectiveness in governance.

What were the implications of the 'Pylos shipwreck' incident?

It highlighted ongoing issues of corruption and mismanagement in handling refugee crises.

What is the S80/S20 Index and its relevance to Greece?

It measures income inequality, showing disparities in wealth distribution.

What were the major factors leading to Greece's economic depression?

Austerity measures, unemployment, and cuts to public services.

What is the significance of the term 'toxic medicine' in the context of the Greek crisis?

Refers to harmful economic policies that exacerbate the crisis.

What is the role of oligarchic networks in Greek corruption?

They influence banking, sports, media, and political finance, perpetuating corruption.

What does the term 'brain drain' refer to in the context of Greece?

The emigration of skilled individuals seeking better opportunities abroad.

What was the public's response to the austerity measures in Greece?

Widespread protests and discontent due to economic hardships.

What was the impact of the Greek crisis on public health?

Cuts to healthcare services led to worsening health outcomes for citizens.

What is the significance of the phrase 'there is hope' in the context of the Greek crisis?

It suggests potential for recovery through reforms and integrity in governance.