HomeNewsWorldAfter seven years of bailouts, Greeks sink yet deeper in poverty

After seven years of bailouts, Greeks sink yet deeper in poverty

Greek pensioner Dimitra says she never imagined a life reduced to food handouts: some rice, two bags of pasta, a packet of chickpeas, some dates and a tin of milk for the month.

February 21, 2017 / 22:14 IST
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Greek pensioner Dimitra says she never imagined a life reduced to food handouts: some rice, two bags of pasta, a packet of chickpeas, some dates and a tin of milk for the month.
At 73, Dimitra - who herself once helped the hard-up as a Red Cross food server - is among a growing number of Greeks barely getting by. After seven years of bailouts that poured billions of euros into their country, poverty isn't getting any better; it's getting worse like nowhere else in the EU.

"It had never even crossed my mind," she said, declining to give her last name because of the stigma still attached to accepting handouts in Greece. "I lived frugally. I've never even been on holiday. Nothing, nothing, nothing."

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Now more than half of her 332 euro (USD350) monthly income goes to renting a tiny Athens apartment. The rest: bills.

The global financial crisis and its fallout forced four euro zone countries to turn to international lenders. Ireland, Portugal and Cyprus all went through rescues and are back out, their economies growing again. But Greece, the first into a bailout in 2010, has needed three.