Synopsis: Debtocracy seeks the causes of the Greek debt crisis and proposes solutions sidelined by the government and the dominant media. It follows countries like Ecuador that created debt Audit Commissions and tracks this process in Greece.
Genre: Documentary
75 min

Georgios Papadopoulos: Dictator

Yet once shall I attempt a comparison with doctors

We have a patient;

we've placed him in a plaster cast.

Dominique Strauss-Kahn: IMF Managing Director

Don't decide against the doctor,

sometimes the doctor gives you

a medicine you don't like,

but even if you don't like the medicine

the doctor is there to try to help you.

As has been said before,

history has this wicked habit

of repeating itself as farce.

So, from a dictator/wannabe-doctor,

we moved on to the MDs of the IMF.

Andreas Papandreou: PM of Greece

Everybody has to join in the

struggle, fully aware that

either the nation will obliterate its huge debt

or the huge debt will obliterate the nation.

Constantinos Mitsotakis:

PM of Greece 1990-1993

This year's incomes policy will be

strict and austere.

No raises will be given whatsoever.

Costas Simitis:
Greece PM, 1996-2004

There is no more room for

benefits or tax cuts.

Costas Karamanlis: PM of Greece, 2004-2009

We have to cut public spending,

we have to tidy up our house.

And this cannot be achieved

with your empty promises

of handing out money and privileges

at a time of such crisis.

Giorgos Papandreou: PM of Greece

Unfortunately, our country is in the ICU.

The nation's fiscal deadlock

threatens our sovereignty

for the first time since 1974.

In the last 40 years, two political

parties, 3 families of politicians

along with certain businessmen,

led the country to bankruptcy.

They declared suspension of payments to

the people, in order to save their lenders.

After decades of continuous austerity,

the Czars of the economy

advertised Greece as

the local financial superpower.

Yannos Papantoniou

Minister for Finance 1994-2001

Our work is great. We were the first

to solve the economic problems.

N. Christodoulakis

Minister for Finance 2001-2004

Once more, our economy will prove

to be our strongest asset.

Yannos Papantoniou

Minister for Finance 1994-2001

The economy sprang forward and went

from second to first league.

When their creation crumbled, those

people said behind our back

that, due to some genetic disorder,

we were incapable of handling

our economy without foreign aid.

Perhaps Americans may find it

difficult to understand this

but Greece lacks hability in

control of ?? and discipline.

Our government called us bums,

and our lenders PIIGS...

as was the case with all

peripheral EU countries.

And our ministers tried to convince us

that all of us had a part in this.

Brian Lenihan Ireland's Minister

of Finance 2008-2011

I accept that we failed into

our political system

but let's be fair about it,

we're all part of it.

Theodoros Pangalos

Vice-president of the Greek government

The answer to the denouncement

of the country's politicians

that makes people ask us, what

did you do with the money? is:

We made you civil servants!

We all had a part in this!

So are we the prodigal children

of a neat global economy

in an all-successful Europe?

Or has the system been ailing

since its youth?

Capitalist economy in the post-war period

consists of two parts.

Costas Lapavitsas

Professor in Economics

In the first 25 years after World War II,

the growth rate was high.

Real income rose,

as did the consumption of goods.

Those were novel circumstances

in the history of capitalism.

Joe is the king because

he can buy more with his wages

then any other worker

on the blow.

David Harvey - Social scientist

There's no such thing as

a crisis free capitalism.

So, there's gonna be

a crisis somewhere.

This happy period ended

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Aris Chatzistefanou

Aris Chatzistefanou (Greek: Άρης Χατζηστεφάνου) is a Greek journalist and filmmaker. Born in Athens, Chatzistefanou started his career as a journalist in 1997 at Radio Skai 100.3, where in 2005 he began his own show Infowar, a big success on Greek radio. In April 2011, he released Debtocracy, a documentary co-directed by Katerina Kitidi about the Greek debt crisis, which, despite garnering almost a million viewers on YouTube, was not well received in the traditional media and caused the cancellation of Infowar and his dismissal.He has worked for the BBC World Service in London and Istanbul, and contributed short documentaries and articles to The Guardian and other international media outlets.In 2012, he co-directed with Katerina Kitidi, the documentary Catastroika that focuses on the effects of massive privatization in Greece and several other countries. The documentary features Naomi Klein and others. The film was released by the co-owned Infowar Productions.Aris Chatzistefanou co-founded the magazine Unfollow in January 2013. In 2014, he directed Fascism Inc., a documentary that shows how the economic elites supported fascism in the 1920s and 1930s, comparing it to the present situation. In 2016 he directed the documentary This Is Not A Coup focusing on the effects of ECB and Eurozone policies in the European periphery. more…

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Submitted on August 05, 2018

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    "Debtocracy" STANDS4 LLC, 2021. Web. 17 May 2021. <>.

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