Debtocracy

Debtocracy Greek hreokrata is a 2011 leftwing documentary film by Katerina Kitidi and Aris Chatzistefanou. The documentary examines the causes of the Greek debt crisis in 2010 and advocates for the default of odious debt.

The production team coinedcitation needed the word debtocracy Greek , defining it as the condition by which Greece found itself trapped in its debt. The term is derived from the words debt and the Greek power, rule ocracy. The title implies that the Greek government has been functioning mainly under the interests of the financial debt at points superseding or even replacing the principles of Democracy and the Constitution of Greece, and therefore the debt has been elevated as a de facto form of government by itself.The documentary opens with the statements of Greek Prime Ministers, starting with the dictator Georgios Papadopoulos and Dominique StraussKahn, managing director of the International Monetary Fund, and ending with some of the most prominent figures in Greek politics since the metapolitefsi Andreas Papandreou, Konstantinos Mitsotakis, Kostas Simitis, Kostas Karamanlis and the then Prime Minister George Papandreou. The focus then shifts to the prelude to the recent global economic crisis and its origins in the 1970s. Interviews with prominentcitation needed figures of the global philosophical and economic scene argue that the euro is nonviable and contributed to the worsening of the finances of Greece due to a systematic loss of competitiveness in the markets by the PIGS. ........

Source: Wikipedia