The Greek financial crisis has sent thousands of teenage girls to the streets, not to protest, but to earn a living; however, their hourly earnings are barely enough to buy them a cheese sandwich, according to researchers.
Eastern Europe, a former leader in terms of its number of prostitutes, can no longer boast that it has the cheapest rates for sex. Greece’s deep economic and financial problems have shifted the priorities of its students, who face the highest unemployment rate in Europe, according to the EU’s statistics agency Eurostat. The national unemployment rate was 25% as of September and the youth unemployment rate in 2014 was 52.4%; both these figures are the worst in the EU.
“Some women just do it for a cheese pie or a sandwich they need to eat because they are hungry,” Gregory Lazos, a professor of sociology at the Athens-based Panteion University told The Times while commenting on the results of his research. They “sell it very cheap,” he said, “offering the lowest prices of the industry across the continent.”
It shows bad the situation in Greece is and sadly it also illustrates how accurate the Poverty index has been over the years. As this index is showing no signs of letting up, we expect the outlook to worsen both in Europe and America. This is what joining the EU did for Greece and the same applies to weaker nations such as Bulgaria, Hungary, Portugal, Spain, etc. These countries should have never joined as joining provided them with the option to borrow money they could never hope to pay back.
Now that the US has embraced the Devalue or Die era and forced central bankers worldwide to adopt the same stance, we can expect situations like this all over the world. The tragedy in this is that the innocent always pay the price and the price is very severe usually. Imagine how terrible your position has to be for you to have to sell your body for food. This trauma will haunt these young Girls for the rest of their lives.
The average Greek wage has fallen to just €600 a month and half of all young people are unemployed. So it’s not surprising that the people of Greece are voting for a party which seems to represent progress.
But there’s another side to Greece’s mass unemployment; one which has been little reported on.
According to the National Centre for Social Research (EKKE), the rate of prostitution in the country has soared by 150 per cent during the economic crisis, meaning that women who would otherwise have sought other types of employment, are turning to sex work in order support themselves and their families.
There are currently an estimated 20,000 prostitutes in Greece (according to EKKE) of which fewer than 1,000 are legally registered.
EU tells Greece, ‘No IMF, no money’
The onus is on the Greek prime minister to decide whether Athens will legislate fresh measures for 2019, as the country’s creditors are demanding, while the latter have formed a common front against Athens, and both the European Stability Mechanism and Berlin on Monday stressed the need for the International Monetary Fund’s participation in the program.
Any disbursement to Greece will take place only with the IMF’s participation in the program, the head of the ESM, Klaus Regling, said on Monday, adding that “the technical know-how of the Fund in necessary.”
The German Finance Ministry toed the same line, with a spokesperson saying on Monday that “we continue to believe that the IMF will fulfill its promise, and it is too early to assume what will happen if that is not the case,” underscoring that the IMF’s participation concerns the supply of both know-how and financial support.
When questioned, European officials simply describe the situation the negotiations are in after last Thursday’s Eurogroup, without referring to any form of solution, making it clear that the decision now rests with Prime Minister Alexis Tsipras, who has to accept or reject the measures for 2019 that all of the country’s creditors are demanding.
While the eurozone stresses that Greece must adopt all reforms it has committed itself to, Bloomberg reported on Monday that the letter Finance Minister Euclid Tsakalotos sent to the creditors last week included the admission that only a third of the reforms set as milestones for the second review have been fulfilled. Another third is to be completed in the coming weeks and the rest will require just 10 days but only after an overall agreement has been reached.
Among the reforms that are still pending are closing the 2018 fiscal gap – that the creditors put at 700 million euros while the government argues its extra measures will fetch 550 million – reforms in labor relations and opening up the energy market.
The Tsakalotos letter, according to Bloomberg, states that there is no fiscal gap expected for this year as the primary surplus of 2016, estimated at 2.3 percent of gross domestic product, was higher than its target.