Greek households are undergoing such pressure that many families seek for the financial support of their grandparents, says Gavin Hewitt in his article for the BBC under the title “Pity the Greeks”.
The EU is steadily running out of understanding for the recession-hit country, points out the British columnist, continuing that Greece is now the country that threatens “the dream of an ever closer union” with a possible Euro devaluation.
The article adds that European leaders have lost their patience and began with the threats. For them the message is clear: The Greek government must reduce the country’s deficit as promised or otherwise the 6th tranche of the loan will be withheld. But the people in Greece feel humiliated for having to follow orders from outside political sources, adds Hewitt.
According to Hewitt, Greece is in direct danger of losing its most capable and smartest people due to the very bad financial situation. “15% of the population is already behind on their utility payments” while the wage cuts combined with the rise of prices are making social groups protest over and resist any austerity measures the government plans to take.
Finishing his article, the Europe editor for BBC claims that even if Greece manages to avoid default, the country has difficult years of austerity ahead of it.