Studies and researches
Vol. 13 Issue 2 - 12/2021
An Economic Crisis “State of Shock”: An Empirical Analysis of the Greek Economy
The
International Financial Crisis of 2008 (IFC), and the austerity programs
imposed in Greece, hit particularly the already weak Greek economy; despite the
crucial fact that the latter suffered severe structural, deficit and, debt
problems over the relevant past decades, even before the IFC explosion. Through
a structured questionnaire, distributed to 348 students at the International
Hellenic University (IHU) and their parents, we investigate how the crisis
affected their salary and their working conditions, as well as how respondents
evaluate the measures imposed by the “Troika”. Our research findings are of
particular interest. More than three out of four respondents, support the view
of Naomi Klein that a society in deep crisis is in a “State of Shock”, unable
to react, and Greece is such a case. Respondents tend to believe that the
pursued policies are forms of psychological violence-pressure, aimed at the
disorientation of people, who are willing to work under worse working
conditions.
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Keywords:
International Financial crisis, Greece, Shock Therapy, statistical analysis
JEL:
O52, G01, R11, C10
International Financial crisis, Greece, Shock Therapy, statistical analysis
JEL:
O52, G01, R11, C10