Subscribe Login
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
  • Home
  • News
    • International News
  • Latest
  • Business
  • Cartoon
  • Games
  • Food Awards
  • Health
  • Entertainment
    • Bookends
  • Regional
  • Sports
    • Sports
    • World Cup
    • World Champs
    • Olympics
  • All Woman
  • Career & Education
  • Environment
  • Webinars
  • More
    • Football
    • Elections
    • Letters
    • Advertorial
    • Columns
    • Editorial
    • Supplements
  • Epaper
  • Classifieds
  • Design Week
Battered, Greece faces years to recoup recession
ATHENS, GREECE — In this photo taken Thursday, November 13, 2014, needy people pray beforeeating at the Church-run Galini charity’s soup kitchen in central Athens. Greece’s recession wasdeclared over on Friday. (PHOTOS: AP)
Business, Financials
November 15, 2014

Battered, Greece faces years to recoup recession

ATHENS, Greece (AP) — In a tiny, windowless storeroom, elderly women sort through items normally destined for the trash.

It’s an unlikely place to be saving lives.

The women volunteer at a charity clinic that recycles drugs sent by relatives of dead cancer patients, recovering stroke victims, or new mothers who overstocked on baby formula.

The half-filled boxes of medicine are stacked to the ceiling, waiting to be mailed to growing numbers of unemployed Greeks who have been denied hospital treatment since the economic crisis started.

Greece’s recession — the economy shrank every year since 2008 — was declared over on Friday.

“I promise that growth will continue at an even faster pace,” Greek Prime Minister Antonis Samaras said. “No Greek will miss out … Hope is back, Greece is back.”

That’s bold talk, as the recession has left Greek society looking battered: One in every five households has no working member, and a staggering three million of Greece’s 10.7 million people have lost State health insurance because the long-term unemployed and their dependents lose benefits.

Cardiologist George Vichas set up the Metropolitan Community Clinic three years ago to continue treating his patients who lost health insurance. Now he oversees a network of 250 volunteers who recycle medicine, provide check-ups using donated medical equipment, and set up appointments at clinics and hospitals that offer charity slots.

“I had never imagined we’d be working on this scale,” he said. “People who come to us have a sense of shame, anger and deep sadness … Our aim is to replace that with hope.”

The consequences of the recession, including the austerity cuts imposed by successive Greek governments have been felt far and wide, laying waste to many of the country’s public services and traditions.

“The timeframe of the crisis does not overlap with the social consequences of the crisis,” said Alexander Kentikelenis, a sociologist at the University of Cambridge. “The economic recession may have lasted six years, but the social crisis may end up taking longer.”

Here are some of the social impacts — by no means all — of the recession.

THOUSAND A DAY — As many as a thousand people were losing their jobs every day at the height of the depression, which saw the economy contract by a quarter and a million jobs shredded.

One of them belonged to Yiannis Bouchelis, a 60-year-old graphic artist who hasn’t worked for four years.

“It’s really bad. It’s not just the money but our morale,” he said. “We want to feed our families and live in dignity — that’s the main thing.”

Unemployment rocketed from around seven per cent in mid-2008 to nearly 28 per cent in late 2013, as more than 250,000 businesses went to the wall. Youth joblessness spiked above 60 per cent. At just a little over 50 per cent now, a whole generation is being denied the skills and experience needed to secure a future. There are indications that the rise in unemployment has led to an increase in alcoholism, drug use, poverty and a fall in the birth rate, among other things.

Those without work receive unemployment benefits only for up to a year — most getting the basic rate of 360 euros (US$445) per month. More than 80 per cent of people out of work currently get no financial assistance.

Dimitri B Papadimitriou, president of the Levy Economics Institute, a public policy think-tank based near New York City, argued that hope for a recovery based on strong exports was not realistic.

Growth could only be spurred by a major development programme funded, at least partly, by the European Union, he said.

Without a major shift in policy — and budgets are likely to remain tight for years — Papadimitriou said it would take over a decade to get employment back to pre-crisis levels. “A jobless recovery is not a recovery at all.”

HOUSEHOLDS WITHOUT HOPE — During the recession, Greek governments enacted wave after wave of austerity in return for the financial bailouts that prevented bankruptcy and a possible exit from the euro currency. The spending and wage cuts, combined with emergency tax hikes, have worsened the recession and strained the finances of Greeks.

According to UNICEF, child poverty rates have risen alarmingly. The UN body recently found that of 41 developed countries it assessed, Greece had the highest child poverty rate of 40.5 per cent in 2012, up from 23 per cent in 2008.

It found that since 2008 the percentage of households with children that are unable to afford meat, chicken or fish every second day has more than doubled. And in Greece, the share of respondents saying they “experienced stress today” jumped from 49 per cent in 2006 to 74 per cent in 2013.

The repercussions of the recession are likely to last. According to UNICEF, many of the children affected by the recession “will suffer the consequences for life”.

For Oxford University’s Professor David Stuckler, co-author of the book The Body Economic: Why Austerity Kills, the Greek austerity programme “undermined the ultimate source of its strength — its people.”

TIME BOMB — As Greece slashed spending on welfare, public health problems mounted.

In the first years of recession, HIV/AIDS infection rates surged, something many attributed to cuts to the budget for a needle-exchange programme. Amid international attention to the issue, a joined-up strategy involving many was forged — HIV infections have since fallen back.

Other health issues, however, are likely to prove more difficult to deal with. Ominously, Greece’s mortality rate, adjusted for its ageing population, stopped dropping in 2011.

Health clinic founder Vichas offers one explanation — the high cost of treating chronic illnesses, particularly for the unemployed.

Boxes of cancer drugs in his store room cost up to 2,000 euros (US$2,500) for a month’s course. In all, Vichas said, a cancer patient would need between 20,000 euros and 30,000 euros to pay for drugs.

He warned that long-term effects of the crisis are just beginning to appear.

“We’ll be seeing the consequences for another 5-10 years: The children who missed their immunisations, and all the consequences of illnesses that were not treated early,” he said.

“And treatment is much more expensive that prevention. It’s a time bomb.”

{"website":"website"}{"jamaica-observer":"Jamaica Observer"}
img img
0 Comments · Make a comment

ALSO ON JAMAICA OBSERVER

Iberostar Hotels & Resorts reopens its  Rose Hall hotel complex
Latest News
Iberostar Hotels & Resorts reopens its Rose Hall hotel complex
December 3, 2025
ST JAMES, Jamaica — Iberostar Hotels & Resorts has officially reopened its three-hotel Rose Hall complex in St James, marking an important boost for J...
{"jamaica-observer":"Jamaica Observer"}
Opposition demands stronger oversight of Govt’s Hurricane relief distribution
Latest News
Opposition demands stronger oversight of Govt’s Hurricane relief distribution
December 3, 2025
KINGSTON, Jamaica — The Opposition People’s National Party (PNP) is calling for a more robust and transparent system to track the distribution of gove...
{"jamaica-observer":"Jamaica Observer"}
Kingston College and Mona crash out of Manning Cup
Latest News, Sports
Kingston College and Mona crash out of Manning Cup
December 3, 2025
The last two Manning Cup champions, Kingston College and Mona High were eliminated from the competition after battling to similar 2-2 draws against Ca...
{"jamaica-observer":"Jamaica Observer"}
Jimmy Cliff among the ‘very last’ of major figures who made reggae global – Steffens
Entertainment, Latest News
Jimmy Cliff among the ‘very last’ of major figures who made reggae global – Steffens
Howard Campbell Observer senior writer 
December 3, 2025
Observer Online presents the third story in ‘Jimmy Cliff: Stories Of A Bongo Man’, in tribute to the reggae legend who died on November 24 at age 81. ...
{"jamaica-observer":"Jamaica Observer"}
Chinese businesswoman injured in St Andrew home invasion, security officer shot
Latest News, News
Chinese businesswoman injured in St Andrew home invasion, security officer shot
December 3, 2025
KINGSTON, Jamaica – A Chinese businesswoman and a Hawkeye security officer were wounded during a home invasion on Haining Road in St Andrew on Wednesd...
{"jamaica-observer":"Jamaica Observer"}
MLSS reaffirms commitment to accessibility as Jamaica marks International Day for persons with disabilities
Latest News
MLSS reaffirms commitment to accessibility as Jamaica marks International Day for persons with disabilities
December 3, 2025
KINGSTON, Jamaica — The Ministry of Labour and Social Security (MLSS) has restated its commitment to creating a more inclusive and accessible Jamaica ...
{"jamaica-observer":"Jamaica Observer"}
Forex: $161.26 to one US dollar
Latest News
Forex: $161.26 to one US dollar
December 3, 2025
KINGSTON, Jamaica — The United States (US) dollar on Wednesday, December 3, ended trading at $161.26, up by 11 cents, according to the Bank of Jamaica...
{"jamaica-observer":"Jamaica Observer"}
Business community pleased as cruise ships return to MoBay
Latest News
Business community pleased as cruise ships return to MoBay
December 3, 2025
ST JAMES, Jamaica — As Jamaica’s recovery following Hurricane Melissa continues to take shape, the business community in St James- Montego Bay in part...
{"jamaica-observer":"Jamaica Observer"}
❮ ❯

Polls

HOUSE RULES

  1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper; email addresses will not be published.
  2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
  3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
  4. Please do not write in block capitals since this makes your comment hard to read.
  5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.
  6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.
  7. Lastly, read our Terms and Conditions and Privacy Policy

Recent Posts

Archives

Facebook
Twitter
Instagram
Tweets

Polls

Recent Posts

Archives

Logo Jamaica Observer
Breaking news from the premier Jamaican newspaper, the Jamaica Observer. Follow Jamaican news online for free and stay informed on what's happening in the Caribbean
Featured Tags
  • Editorial
  • Columns
  • Health
  • Auto
  • Business
  • Letters
  • Page2
  • Football
Categories
  • Business
  • Politics
  • Entertainment
  • Page2
  • Business
  • Politics
  • Entertainment
  • Page2
Ads
img
Jamaica Observer, © All Rights Reserved
  • Home
  • Contact Us
  • RSS Feeds
  • Feedback
  • Privacy Policy
  • Editorial Code of Conduct