news 11
Call to stop Greeks being ’broken’ by cuts
The effect of economic cuts on debt-ravaged Greece included a dramatic rise in the number of men committing suicide, according to new research
The research, by Dr Nikolaos Antonakakis and Professor Alan Collins at the University of Portsmouth’s Business School, is the first to examine the direct impact of fiscal austerity on suicide rates.
The economists are calling for governments to find ways of stopping people being broken by harsh economic cuts.
According to the research, published in Social Science and Medicine, 551 men committed suicide between 2009 and 2010 in Greece solely due to fiscal austerity.
Antonakakis said: “We were surprised, this is a huge number, but the results were very clear – more men commit suicide as economic conditions worsen.
“Interestingly, the effects of fiscal austerity and economic growth are gender-specific, with no obvious rise in the number of women committing suicide.“
Dr Nikolaos Antonakakis’ findings show that austerity-driven policies ’kill’
Men aged 45-89 are the most likely to commit suicide in response to harsh economic cuts because they are most likely to suffer drastic cuts to their salaries and pensions.
The outlook for Greece in the short-to- medium term does not look encouraging, Antonakakis said.
... economists are calling for governments to find ways of stopping people being broken by harsh economic cuts
“The situation in Greece is improving and the country recently returned to the bond markets to get self-financed for the first time since it needed international rescue loans in 2010. However, the road is still very steep. Unemployment is at 27% and the country’s debt is still at an unsustainable 170%.“
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