Monday, March 30, 2015

The Hans Böckler Foundation, a think tank linked to the DGB (Confederation of German Trade Unions) has published a report by Athens-based university professors Tassos Giannitsis and Stavros Zografakis, examining the impact of the crisis and of crisis policies (2008 and 2012-13) on incomes, inequality, poverty and transformations in the social structure of Greece.

The analysis combines unemployment and income data and uses an 'index of despair' reflecting the pressure  felt by households struck by severe reductions in income and unemployment.

Findings suggest that large sections of society became impoverished , that specific groups were effected to unequal degree, while inequalities were exacerbated on account of financially weaker groups bearing a disproportionately heavier tax-burden than stronger groups.

The report concludes that policymakers (national and European) showed neither solidarity nor effectiveness in crucial crisis management issues, and suggests a series of measures that would have beneficial effects on policy results

Giannitsis, Τ. & Zografakis, S., Hans Böckler Stiftung, IMK Studies: Greece: Solidarity and Adjustment in Times of Crisis