Extra Reporters

It is exactly five years since Greece joined the European Support Mechanism with the close cooperation of the International Monetary Fund (IMF). At that time, the key and critical financial data were the following: GDP amounted to 222.151 billions at the end of 2010. The public debt was 148.3% as a percentage of GDP. Unemployment stood at 12.5%. The percentage of Greeks sho were living below the limits of poverty (earning less than 60% of the national median disposable income) was 27.6%. The policy of extreme austerity applied in the country at the behest of international creditors over the years has further aggravated the economic and social reality. As a result, GDP had shrunk to 186.54 billions in 2014. Public debt has soared to 176% as a percentage of GDP. Unemployment has risen dramatically to 26%, affecting mainly young people many of whom have brilliant scientific knowledge and as a result migrate abroad. This serious loss of talent could help the country at this critical...