Debtocracy - Greece debt crisis explained

  • Published 1 year ago
  • 5.5

The Greece debt crisis started in 2010, and six years later, we are still nowhere near a resolution of the crisis. In June 2016, European authorities authorized another credit for Greece, this time at $8.4 billion or 7.5 billion euros.

Debt relief is an issue for creditors, with International Monetary Fund constantly saying that Greece needs ease on her debts to meet its budget goals, while Germany is skeptical of cutting slack to Athens.

The “Debtocracy” documentary is an old documentary, published in 2013, but it is still very much relevant and enlightening for the crisis.

The documentary is produced by the audience, and takes a look at Greece citizens and their aspect of living with debt. The documentary seeks solutions, proposed by the public. The solutions are hidden by the government and corporate media. The documentary also takes a look at the causes for the debt crisis.

Greece will get debt relief from creditors, but not until 2018 at the earliest. It all depends on Greece, and whether the country will be able to carry out the painful changes.

From Around the Web

Related Videos

Media
oscar statuette
youtube icon
03:03

The Oscars are one of the most prestigious awards. Some might say the Golden Globes are more prestigious awards in the movie industry, and some prefer the Oscars.But behind the gla...

  • 764
  • 5 months ago
  • Not Rated
Indie
bubble gum king
youtube icon
59:54

The Bubble Gum King is one of the best documentaries ever made. The documentary follows the life story of Andy Paris. He rose to stardom by starting a bubblegum business. He ...

  • 946
  • 6 months ago
  • Not Rated
Political
usa vs. china
youtube icon
52:42

During his presidential campaign, Donald Trump reminded everyone how China is beating USA in every category. He was raving on and on about how China is the most powerful econ...

  • 1,655
  • 6 months ago
  • 10(1)
Social
delhi market
youtube icon
49:14

Delhi in India is one of the most populated cities in the world. With population of close to 10 million, Delhi is definitely a huge city. As a big city, Delhi faces a number ...

  • 940
  • 6 months ago
  • 8(1)
Avatar

3,550 Videos / 4,784,555 Views
Related Articles
Betty Cohen founded Cartoon Network in 1992, and she brought some of our favorite cartoons to life
  • 1,153
  • 6 months ago
From the outside, Huaxi is dubbed as a socialist village. But on the inside, it is actually a capitalist corporation, m...
  • 1,583
  • 7 months ago
The aircraft took its first flight from Toulouse-Bagnac Airport at 10:42 am local time
  • 988
  • 8 months ago
In May he celebrated his 32nd birthday, and he had some 44 billion reasons to celebrate. That is right, his net worth is...
  • 1,348
  • 9 months ago