How the European Union destroyed Greece

► Sources:

- Yanis Varoufakis - Adults in the Room
- The Greek crisis: Social impact and policy responses (Friedrich Ebert Stiftung)
- The Greek crisis: Policies and implications (Georgios P. Kouretas)
- The Analytics of the Greek crisis (Gourinchas, Philippon, Vayanos)

► Music:

Ergo Phizmiz - Open your head
Al Marconi - Shades of grey
Al Marconi - Siberia
Al Marconi - Alchemy
Woods - Loopable Dark Suspense Background Music
HookSounds - Voices in the dark
Kevin MacLeod - All this
Ross Bugden - Flight Hymn

► Timestamps:

0:00 Introduction
3:33 Greece as the scapegoat
5:39 Origins of the European cataclysm
8:15 The multilevel game
10:24 Endogenous causes
13:07 Exogenous causes
17:39 Concocting the scam
21:25 1st bailout
25:12 2nd bailout
27:38 Social impact - economy & debt
29:42 Social impact - jobs & wages
31:22 Syriza strategies & proposals
38:18 Hostility & solidarity
43:56 The Eurogroup
57:54 Referendum & betrayal
1:01:18 Lessons & conclusions

[KingRoayal]

As a Greek growing up in the crisis, ive seen the hatred that Germans held for the Greek People, labeling them as lazy and blaming them for their situation in Germany. The same Greek People who suffered severe unemployment and huge risk of homelesness, scandinavian-like tax rates with none of/ if less benefits than most European nations. This video is truly something to share, so that people become aware of who was blatantly using Greece as a scapegoat, and a whole nation's suffering to keep their pockets intact.

Remember Europe...

[rekonizakilamilkshake]

I'm a nearly 40 year old black Briton, and I'm seriously humbled and optimistic about the politics of people like yourself. Yugoonik, FinnishB, BE, Hakim etc.

Great video.

[esti-odmz]

The EU used the greek tragedy as a example of "what would have happened" to the other euromediterraneans if they didn't accept the austerity. How sad...

[josemaria]

Seeing the greek crisis unfold in real time and seeing it being used by the EU and the IMF as a threat of what they would do to my country (Portugal) If we didn't comply with their austerity and neoliberal agenda was one of the most radicalizing experiences of my life. Thanks for the video

[alancantu]

Holy cow, this is exactly what I’ve been looking for. My wife and her family are all Greek, and I’ve been wanting to learn more about the economic crisis that hit the country. All the videos I’ve come across have been decent, but Balkan Odyssey’s video quality is leaps and bounds better. Keep up this great work!

[BalkanOdyssey_]

If you're really interested in how the whole story played out dramaturgically, check out the 2019 movie "Adults in the Room" directed by Costa-Gavras, based on Varoufakis' book that I used as the basis for this documentary.

[ornessarhithfaeron]

Σε ευχαριστούμε για το βίντεο, φίλε μου

[schadowizationproductions]

For me it's always a bit disheartening when I talk with immigrants in my country that come from the east or the south and they start talking shit about the people down there in Greece or elsewhere. I kinda try to find some solidarity in them but they're often happy to avoid it.

[robbenfelix]

A Balkan Odyssey thing based on Varoufakis' work? I might be crooked, but that sounds like delicious, proper use of language to me.

[xkumanekox]

It really does break my heart to see Greece constantly getting destroyed, for centuries now, by so many different players. Power corrupts, and greed destroys all.

[GTAVictor]

The background music is excellent - most creators opt for generic stock music (which is understandable), but your choice of background music just stands out greatly.

Excellent video, I've only heard about the Greek debt crisis on state television (in Poland) as a kid, with only the very basic surface-level problem being mentioned, but no explanation whatsoever on how it was caused. I've only ever heard it being blamed on the Euro that Greece couldn't print to sustain its finances, but nothingness deeper than that.
This video finally allowed me to understand that it after being in the dark for so long.

[gregoriochavez]

I think this is one of your best videos. I hope you keep enjoying making such great content.

[liamtahaney]

I really find your use of language tremendously eloquent and a genuine pleasure to listen to.

[boeotian-warrior]

Thank you for this video bro, greetings from your friend country, Greece!

[page]

As a German, how Greece was forced into austerity in large parts due to my hypocritical government disgusted and still disgusts me to this day.

[oliverbohn]

Thank you so much for making this amazing video, in Denmark it is sadly forgotten by the majority.

[emmaivanova]

Thank you so much! This is EXACTLY what I needed.

[mojojojo]

As a Greek Communist, I think this video is an absolute masterclass in what happens when you play by the system's rules. Thank you for this.

[gnas]

Gotta love watching this as a Greek who had to leave and ended up in (predominantly Greek) Cyprus.

[petrosstefanidis]

So excited to watch that brother❤️‍🔥 I am currently reading the book under the same title.