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4 of 10 Greeks Borrow Money to Pay Bills


The tough reality that hundreds of Greek households have to face due to the Greek Economic Crisis is depicted in a survey that was carried out by Trendbox, a Dutch independent research company. In this survey we can see how hard it is for a European household to make ends meet as well as fulfilling all financial obligations.
Thirty-nine percent of Greeks, state that in order to pay the bills, they must borrow money either from a member of their family, or a friend, while others have no other option than to overcharge their credit cards. Fifty-seven percent of Greek people, admit that its tough for everyone nowadays to keep their heads above water. Meanwhile 4 out of 10 Greeks that participated in the survey admit that their income does not ensure a decent way of living.
According to Greeks, the reasons that have led them into this unpleasant situation is that they are losing their jobs, as there are many who are getting fired. Secondly those who feel lucky to still have their jobs, have to suffer painful salary cuts. Also the increases in taxation and petroleum prices are highlighted among the primary reasons behind the financial problems that every Greek household faces.
What is interesting, are the findings of the research concerning the faith that Europeans show in the way their governments and the EU’s institutions handle the financial affairs. In fact, the vast majority of the Europeans–9 out of 10–according to Trendbox, believe that their governments and the EU do not actually have any authority over the financial affairs.
Last but not least, the survey shows that 1 out of 3 Germans cannot afford to fulfill their financial obligations with their current income. From this fact, we can conclude that even the countries that are not at the centre of the European economic crisis, are still affected by it.

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