Greek Myths: The Birth of a Crisis

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Greek Myths: The Birth of a Crisis
Updated on Friday 26 August 2011
Posted by @TVNewsroom

Sky News will tonight broadcast a special documentary about the state of the Greek economy.

The half-hour programme, presented by Sky’s business presenter Jeff Randall, will look at how an economy was broken by debt and delusion that has prompted a crisis that threatens to sink the EU’s single currency. He discovers how a widespread resentment and distrust of corrupt politicians has spilt over into violence.

Jeff speaks to various people involved in the crisis including the President of the Athens Chambers of Commerce who reveals that 80,000 small to medium sized businesses closed last year, and predicts that number could rise this year.

Commenting on the significance of the financial woes Greece faces, Jeff said: “This is not just about the collapse of the Greek economy; it’s about the unravelling of the Eurozone, Greece’s bankruptcy threats, and the entire EU project.”

He added: “I was prepared to find a country that should never have joined the Euro, where taxes can barely be collected. But what really shocked me was the scale, scope and open acceptance of corruption. Greece, it seems, has been run by a kleptocracy.”

Greek Myths: The Birth of a Crisis airs at 19:30 tonight on Sky News

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