Debtocracy

On 10/14/2011, in Finance & Economics, Society, by admin

Debtocracy (Greek: Χρεοκρατία hreokratía) is a 2011 documentary film by Katerina Kitidi and Aris Hatzistefanou. The documentary mainly focuses on two points: the causes of the Greek debt crisis in 2010 and possible future solutions that could be given to the problem that are not currently being considered by the government of the country.

The documentary opens with the statements of Greek Prime Ministers, starting with the dictator Georgios Papadopoulos and Dominique Strauss-Kahn, managing director of the International Monetary Fund, and ending with some of the most prominent figures in Greek politics since the metapolitefsi: Andreas Papandreou, Konstantinos Mitsotakis, Kostas Simitis, Kostas Karamanlis and current Prime Minister George Papandreou. The focus then shifts to the prelude to the recent global economic crisis and its origins in the 1970s. Interviews with prominent figures of the global philosophical and economic scene also point out to the non-viability of the euro and its contribution to the worsening of the finances of Greece due to a systematic loss of competitiveness in the markets by the PIGS.

 

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