Greece - remember it? How much more can the beleagured population take? Unemployment has hit yet another record of 27%. Youth unemployment is at 62%. By the end of the year, it's predicted that one third of the population will be susbsisting (if even that) below the poverty level of 7,200 euro per year. That's more than 10% poorer than Albania and below the likes of El Salvador and Algeria.
The electricity network is near breaking point. Electricity theft has always been a background problem but it was mainly in the poorest areas and amongst illegal immigrants. But now, even in the richest areas, people are stealing power.
Tax intake is also declining. VAT is down particularly sharply despite a hike in the rate to 23%. People are just buying far less.
1. Greek unemployment hits record high - RTÉ News
2. Greece Slows Tax Refunds, Investments | Greece.GreekReporter.com Latest News from Greece
3. Greece is facing a humanitarian crisis | Alex Politaki | Comment is free | guardian.co.uk