4 of 10 Greeks Borrow Money to Pay Bills



money

The tough reality that hundreds of Greek households have to face due to the Greek Economic Crisis is depicted in a survey that was carried out by Trendbox, a Dutch independent research company. In this survey we can see how hard it is for a European household to make ends meet as well as fulfilling all financial obligations.

Thirty-nine percent of Greeks, state that in order to pay the bills, they must borrow money either from a member of their family, or a friend, while others have no other option than to overcharge their credit cards. Fifty-seven percent of Greek people, admit that its tough for everyone nowadays to keep their heads above water. Meanwhile 4 out of 10 Greeks that participated in the survey admit that their income does not ensure a decent way of living.

According to Greeks, the reasons that have led them into this unpleasant situation is that they are losing their jobs, as there are many who are getting fired. Secondly those who feel lucky to still have their jobs, have to suffer painful salary cuts. Also the increases in taxation and petroleum prices are highlighted among the primary reasons behind the financial problems that every Greek household faces.

What is interesting, are the findings of the research concerning the faith that Europeans show in the way their governments and the EU’s institutions handle the financial affairs. In fact, the vast majority of the Europeans–9 out of 10–according to Trendbox, believe that their governments and the EU do not actually have any authority over the financial affairs.

Last but not least, the survey shows that 1 out of 3 Germans cannot afford to fulfill their financial obligations with their current income. From this fact, we can conclude that even the countries that are not at the centre of the European economic crisis, are still affected by it.


5 COMMENTS

  1. What a joke! The REAL TRUTH IS — the EU is FALLING APART at the seams!

    Thiis why Merkel wants EU Data Protection… to keep everyone from finding out the EU is crumbling and keep the markets believing in their incredibly BOLD LIES!!!

    Look at the FACTS: Citizens in Spain, Greece, Italy and Portugal are striking in mass, PM Rajoy of Spain is being prosecuted for fraud, Greece’s 2 Parties who caused the bailouts are falling apart, Italy’s Gov’t is falling apart as is Portugal.

    The EU COMMISSION and the IMF & ECB are a FRAUD & FARCE– What a joke Olii Rehn, Merkel, Schauble and Legarde are ! — Did you know IMF head Legarde had her house raided by French Police for financial fraud? Same with Junker who is in trouble for Fraud, and then we have ECB’s Mario Draghi worked for corrupt Goldman Sachs group in Europe—- It is absolutely incredible the Criminals we have running the IMF & Euro Zone, who have been using Greece and Cyprus as a “test case” to see just how dumb and gullible EU citizens are—

    We MUST GET RID of the EU & IMF now or become Debt Slaves for life!!

    Want to know the REAL TRUTH about the EU? LOOK THIS UP on YouTube…copy & paste below…. Amazing !

    “The European Union & Soviet Union similarities” – 2013 on YouTube

    http://www.youtube.com/watch?v=-KIc7jLx8RA

  2. How does this stat have any relevance? In Canada, the average Canadian is over 160% in debt to income and with the average owing around $25,000 in non-mortgage loans. So that means every Canadian is in debt and screwed yet Canada is rich and has a stable and strong economy.

  3. Outragious. FRAUD & FARCE .Legarde list. Government of thieve and liars. Outragious. FRAUD & FARCE .Legarde list. Government of thieve and liars. Outragious. FRAUD & FARCE .Legarde list. Government of thieve and liars. Outragious. FRAUD & FARCE .Legarde list. Government of thieve and liars. Outragious. FRAUD & ARCE .Legarde list. Government of thieve and liars. Outragious. FRAUD & ARCE .Legarde list. Government of thieve and liars. Outragious. FRAUD & FARCE .Legarde list. Government of thieve and liars. Outragious. FRAUD & FARCE .Legarde list. Government of thieve and liars. Outragious. FRAUD & FARCE .Legarde list. Government of thieve and liars.

    x250 million times.

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