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Living in Greece during bankruptcy

Updated on April 27, 2012

Greeks still keep their hopes alive

I live in Greece. This is the place I was born, the place I grew up, the place I was educated.
After a 9-year spell in the UK, I settled to my home country for good in 1996.

It's no secret: Greece has virually gone bankrupt.
And Greeks are going through great pain and uncertainty, in their day-to-day lives.

I own a small business, specialising in online promotion and advertising. As a result, I am utterly exposed to the greek financial drama: cashflow is, virtually, non-existent for most companies and individuals. Desire to spend is nill.

OECD is forecasting a recession of 5% for 2012 in Greece: this will be the 5th consecutive recession year.

People are desparate, unemployment has reached an official rate of 22%, while more than 50% of young people under the age of 25 are jobless.

Nevertheless, Greeks are still fighting. On May 6th, general elections will be held: the same old corrupt politicians, giving all sorts of false promises. People are disillusioned and angry. But we refuse to let go of our hopes. We refuse to let go of our dreams. We refuse to let go of our beloved country.

And greek entrepreneurs are stiving hard, against a massive state bureaucracy, to survive.
I know, I am one of them.


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    • SidKemp profile image

      Sid Kemp 5 years ago from Boca Raton, Florida (near Miami and Palm Beach)

      Thanks, Way2GoGreece. You might like my Hub about the future of the US economy - No Economic Recovery Coming: Welcome to the Fifth World. In the long run, we're all in the same boat.

    • way2gogreece profile image

      way2gogreece 5 years ago from Athens, Greece

      SidKemp, thanks for the words of encouragement. I quote your phrase "A nation is people, not government". Alas, Greek people have their own share in today's misfortunes, but we are entrepreneurial and optimistic. We will turn this thing around. Take care!

    • SidKemp profile image

      Sid Kemp 5 years ago from Boca Raton, Florida (near Miami and Palm Beach)

      Thank you for your courage and determination. The Greek government may be bankrupt, but the Greek nation is not. A nation is people, not government. Greece has been offering gifts to the world for 5,000 years - don't stop now.

      And know that the bankruptcy is not primarily the government's fault, but, rather, created by stock and money market manipulations starting in the US. I apologize in the name of my countrymen, and wish you the best.

      Voted up and interesting.