Greek Crisis Hits Population Psyche

It is no surprise that after all the protests and elections with will have lasting effects on the population psychological stress is taking its toll.

For the past five years, Lisa Kalbari has observed the impact of Greece’s economic crisis from an airy office on a quiet side street far removed from the teargas and tumult afflicting central Athens.

Dr Kalbari is a psychologist. Each day her couch hosts a procession of patients suffering from anxiety, sleep disorders, depression and other maladies – many of them exacerbated, she believes, by a crisis that has pushed the unemployment rate above 25 per cent while depriving Greeks of any certainty about the future.

“We have a lot of panic attacks,” she says. “For the older generation, it’s like a form of post-traumatic stress disorder. They have experienced war and poverty. For them, it’s about dignity – they don’t want to be humiliated again after reaching a high point.”

The toll the crisis has taken on Greece’s mental health tends to be overshadowed by more urgent concerns about hunger or poverty. Nonetheless, there is increasing evidence of the psychological strain on Greek society – from increased diagnoses of depression to an uptick in suicides – and the human wreckage it may leave behind long after the economy has been mended.

“All types of psychological disorders have increased – anxiety, depression, abuses, somatisation, antisocial behaviour,” says Argyro Voulgari, a clinical psychologist at the Hellenic Centre for Mental Health and Research.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza