Help us end the fiscal year strong. Donate by June 30. Give Now
Greeks in crisis

People of Athens remain calm during debt crisis

Kai Ryssdal and Stephen Beard Jul 8, 2015
HTML EMBED:
COPY
Greeks in crisis

People of Athens remain calm during debt crisis

Kai Ryssdal and Stephen Beard Jul 8, 2015
HTML EMBED:
COPY

After bailout talks between Greece and its creditors broke down last weekend, the European Central Bank froze financial support to Greece’s banks. The Greek government has instilled a 60 euro limit (roughly $66) on withdrawals from cash machines.

But according to Marketplace’s Stephen Beard, it’s hard to tell that Greece is in a borderline-dire financial situation by looking around the city of Athens.

“You don’t see any serious signs of social stress,” Beard says. “You don’t see fist fights in the street or anything like that, but there are tell-tale signs of trouble.”

One of those tell-tale signs becomes apparent quickly for anyone visiting Athens, just as one would leave the airport.

“The government has made the subway system free,” Beard says. “I guess because they know that people are strapped for cash since the banks are closed and I guess also to mollify [citizens] … before the anger boils over.”

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.