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.
It’s difficult to fully digest the full financial impact of the Greek public’s decision to ignore its two long-standing major political players and opt instead for Alex Tsipras and his radical left wing Syriza party.
The new Greek Prime Minister Alexis Tsipras says that his country will not default on its debts, but will negotiate with its creditors over the €240bn (£179bn) bailout.
Greek far-left party Syriza has formed an anti-austerity coalition government with the right-wing Independent Greeks party after winning the country’s general election on Sunday.
Viewers of Greek television news channel ET3 on 28th May had a bit of a surprise when they tuned in to a segment about the ongoing unrest on the country’s streets. When the channel switched back to the studio with the anchor presenter, behind him on one of the screens was playing what looks remarkably like a pornographic movie. Whoops.