Most of the slides show the effect of devastation of the Greek economy and social net. Slides 5 and 6 can be a bit misleading since it only shows that in Greec

Most of the slides show the effect of devastation of the Greek economy and social net. Slides 5 and 6 can be a bit misleading since it only shows that in Greece the monthly minimum wage is 586 Euros. This number is still higher than some countries of the Euro Zone, and people may think that it is pretty fine. In order to understand the crisis you have to consider that the minimum wage in 2008 was 794.02. In addition to that some people settle with salaries as low as 300-400 out of fear to lose the jobs they have in struggling small businesses. 25% unemployment is really an underestimate since people who have lost their short-temp jobs or never had any job or are in some kind of educational program are not counted as unemployed. Now take into consideration that salaries were pretty predictable for decades and people made their plans, mortgages etc, and you get a taste of what is happening...