Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report

This Spanish "ghost town" can be yours for $100K

Jun 17, 2019

Latest Episodes

Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy
Marketplace Morning Report
Download
HTML Embed
HTML EMBED
Click to Copy

Second bailout leaves Greeks in the cold

Joanna Kakissis Jul 22, 2011
Share Now on:
HTML EMBED:
COPY

Steve Chiotakis: Greece today said the second European bailout will give it some breathing space it needs.

And the country’s leaders promised they wouldn’t back down from the tough public spending cuts they
have agreed to make in order to get that rescue cash. But on the streets of Greece, people are angry by all the restrictions and cuts forced by the bailout. In fact, today, much of the country is shut down by a taxi strike, as cab drivers protest increased competition in their business.

From Athens, reporter Joanna Kakissis went to the streets and reports why some Greeks are so unhappy.


Joanna Kakissis: Christos Kouloutzos is a tire salesman in Athens. He says the first batch of international bailout loans issued last year did nothing to help the country.

In fact, he says the austerity measures that the government had to impose to get those loans only made Greeks poorer. He says a second bailout will mean more budget cuts and tax hikes — and desperation for the average Greek who can’t pay his bills.

Where is he going to get the money to survive, Kouloutzos says. He’d have to rob a bank, he says.

The second bailout is worth about $155 billion. The Greek finance minister called Europe’s decision to give those loans a “great relief.”

In Athens, I’m Joanna Kakissis for Marketplace

If you’re a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air.  But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.

Your donation — as little as $5 — helps us create more content that matters to you and your community, and to reach more people where they are – whether that’s radio, podcasts or online.

When you contribute directly to Marketplace, you become a partner in that mission: someone who understands that when we all get smarter, everybody wins.