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 explosi...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Academy of Economic Studies (ASE)
2021-12-01
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| Series: | European Journal of Interdisciplinary Studies |
| Subjects: | |
| Online Access: | https://www.ejist.ro/files/pdf/473.pdf |
| _version_ | 1827595221418901504 |
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| author | Xanthippi CHAPSA Persefoni POLYCHRONIDOU Athanasios L. ATHANASENAS |
| author_facet | Xanthippi CHAPSA Persefoni POLYCHRONIDOU Athanasios L. ATHANASENAS |
| author_sort | Xanthippi CHAPSA |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-03-09T02:48:33Z |
| format | Article |
| id | doaj.art-b90c7dbc80f8486abe12178bc51325e4 |
| institution | Directory Open Access Journal |
| issn | 2067-3795 |
| language | English |
| last_indexed | 2024-03-09T02:48:33Z |
| publishDate | 2021-12-01 |
| publisher | Academy of Economic Studies (ASE) |
| record_format | Article |
| series | European Journal of Interdisciplinary Studies |
| spelling | doaj.art-b90c7dbc80f8486abe12178bc51325e42023-12-05T15:00:01ZengAcademy of Economic Studies (ASE)European Journal of Interdisciplinary Studies2067-37952021-12-01132213510.24818/ejis.2021.10An Economic Crisis “State of Shock”: An Empirical Analysis of the Greek EconomyXanthippi CHAPSAPersefoni POLYCHRONIDOUAthanasios L. ATHANASENASThe 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.https://www.ejist.ro/files/pdf/473.pdfinternational financial crisisgreeceshock therapystatistical analysis |
| spellingShingle | Xanthippi CHAPSA Persefoni POLYCHRONIDOU Athanasios L. ATHANASENAS An Economic Crisis “State of Shock”: An Empirical Analysis of the Greek Economy European Journal of Interdisciplinary Studies international financial crisis greece shock therapy statistical analysis |
| title | An Economic Crisis “State of Shock”: An Empirical Analysis of the Greek Economy |
| title_full | An Economic Crisis “State of Shock”: An Empirical Analysis of the Greek Economy |
| title_fullStr | An Economic Crisis “State of Shock”: An Empirical Analysis of the Greek Economy |
| title_full_unstemmed | An Economic Crisis “State of Shock”: An Empirical Analysis of the Greek Economy |
| title_short | An Economic Crisis “State of Shock”: An Empirical Analysis of the Greek Economy |
| title_sort | economic crisis state of shock an empirical analysis of the greek economy |
| topic | international financial crisis greece shock therapy statistical analysis |
| url | https://www.ejist.ro/files/pdf/473.pdf |
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