Fullscreen
Loading...
 
Print

Greek Economic Disaster

Landon Thomas reports on the sad state of Greece, where the government is expected to run out of money in June unless it can make a new deal with its creditors:

At the University of Athens, the country’s largest educational institution and home to about 125,000 students, the annual operating budget has fallen to €10 million from about €40 million before the crisis. ...

Theodoros Giannaros, the head of Elpis Hospital in Athens, chain-smoked cigarettes.... Since he started work at the hospital in 2010, Mr. Giannaros has seen his salary shrink to €1,200 a month, from €7,400. His annual budget, once €20 million, is now €6 million....

Mr. Giannaros, who is 58, says he recently suffered a heart attack from the constant stress. ... His 26-year-old son, Patrick, committed suicide by jumping in front of an Athens subway train.

“There was just an emptiness in front of him,” Mr. Giannaros said between wrenching sobs in a brief telephone conversation. ... His son had finished university studies and, unable to find work in a country where more than half the young are jobless, was helping Mr. Giannaros at the hospital.

- With Money Drying Up, Greece Is All but Bankrupt, LANDON THOMAS Jr., MAY 25, 2015, http://www.nytimes.com/2015/05/26/business/dealbook/with-money-drying-up-greece-is-all-but-bankrupt.html?ref=world&_r=0






Show php error messages