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State Meltdown: Greece on Brink of Total Failure

As European Union officials try to figure out how to rescue Greece, the Greek people continue to suffer. Many fear ear Greece's problems are so deep, nothing will able to stop a total state meltdown. Read Transcript


Reporter: AT S.O.S.

CHILDREN'S VILLAGES, THIS

SOCIAL WORKER HOPES THIS

STOCKPILE OF FOOD AND

CLOTHING WILL HELP CONVINCE

A GROWING NUMBER OF

DESPERATE YOUNG MOTHERS THEY

DON'T HAVE TO ABANDON THEIR

CHILDREN.

HE SAYS THE CASE LOAD OF

NEEDY FAMILIES HAVE DOUBLED

FROM LAST YEAR.

THERE IS NO GOVERNMENT

SOCIAL SERVICES AROUND TO

SUPPORT THESE PEOPLE.

Reporter: TERRY IS

UNEMPLOYED AND HAS TO SEEK

HELP.

Translator: WHEN YOU HAVE

THREE CHILDREN AND YOU HAVE

NO JOB, YOU'RE FORCED TO

SEEK AID FROM SOME WHERE.

Reporter: AND SOME

MOTHERS ARE SIMPLY DROPPING

OFF THEIR CHILDREN AT

ORPHANAGES BECAUSE THEY

CAN'T AFFORD TO FEED THEM

ANYMORE.

THE NATIONAL DEBT IS LARGER

THAN THE ECONOMY, WHICH

CONTINUES TO SHRINK.

67,000 BUSINESSES WILL GO

BANKRUPT THIS YEAR ALONE.

AND THE UNEMPLOYMENT RATE

HAS REACHED 24%.

HUNGER AND SHORTAGES ARE

SPREADING, AND SOME ARE

ASKING IF GREECE IS A FAILED

STATE.

THE GREEK PEOPLE ARE

DISILLUSIONED, MISERABLE,

EXACERBATED AND VERY

FRIGHTENED.

Reporter: GREEKS TOLD

US THAT THEY THINK THEIR

GOVERNMENT I IS USELESS.

OUR TAXI DRIVERS SAYS

EVERYTHING IS GOING

BANKRUPT.

GREECE WILL HAVE TO BE

REBUILT FROM THE GROUND UP.

THE CRISIS IS SUCKING MORE

AND MORE OF THE MIDDLE CLASS

IN BANKRUPTCY AND HOMELESS.

LEO ENJOYED A GOOD CAREER

UNTIL THE ECONOMIC CRISIS

HIT HIM.

HE LOST EVERYTHING LAST

YEAR.

I FOUND MYSELF AT THE END

OF 2011 IN THE STREETS.

UNABLE TO PAY RENT, AND NOT

HAVING ANY CASH LEFT.

Reporter: HE SLEPT ON

PARK BENCHES FOR 45 DAYS

BEFORE COMING TO THE

HOMELESS CLINIC FOR HELP.

ABA RUNS THE SHELTER.

WE ARE TALKING ABOUT

PEOPLE, UP UNTIL RECENTLY,

HAD A GOOD STANDARD OF

LIVING.

Reporter: AT THE FREE

MEDICAL CLINIC IN ATHENS,

DOCTORS SAY THEY'RE TREATING

MORE AND MORE MEMBERS OF THE

MIDDLE CLASS, WHO YOU ARE

NOW UNABLE TO GET MEDICINE

AND LIFE-SAVING MEDICINE

FROM THE HOSPITALS.

WE HAVE PEOPLE WHO COME

HERE WHO HAVE BEEN OFF THEIR

MEDICATION FOR MONTHS

BECAUSE THEY DIDN'T HAVE THE

MEANS TO BUY THEM.

Reporter: GREECE'S

MEDICAL SYSTEM IS BREAKING

DOWN.

AS HOSPITALS RUN OUT OF

MONEY, THEY'RE UNABLE TO PAY

FOR NEEDED MEDICINE.

GREECE REPORTEDLY OWNS

PHARMACEUTICAL COMPANIES

1.5 BILLION EUROS.

THIS DOCTOR CALLS IT A

HUMANITARIAN CRISIS.

SHE SAYS MANY OF THEIR

PATIENTS THOUGHT ABOUT

KILLING THEMSELVES.

WE SEE LOTS OF DEPRESSION

AND ANXIETY DISORDERS.

MANY ARE SAYING THEY WANT TO

COMMIT SUICIDE.

Reporter: WHILE

EUROPEAN UNION LEADERS

REGULARLY UNVEIL BIGGER AND

BETTER BAILOUT PLANS, THERE

IS A GROWING CONSENSUS IN

THE E.U. THAT GREECE IS A

HOPELESS CASE AND WILL HAVE

TO LEAVE THE EUROZONE.

MOST AGREE THAT WILL TURN A

BAD SITUATION INTO A

CATASTROPHIC ONE.

THIS ECONOMIST SAYS IF

GREECE LEAVES THE EURO, HE

EXPECTS CHAOS.

THIS IS THE COLLAPSE OF

THE ECONOMY AND AT LEAST IN

THE FIRST MONTH, WE HAVE A

COMPLETE KILL.

Reporter: INFLATION

WILL SOAR, MAKING BASIC FOOD

ITEMS SCAR SCARCE AND

UNAFFORDABLE.

AND GREEK OFFICIALS SAY THEY

FEAR CIVIL WAR.

THERE IS A POSSIBILITY

THEY'RE GOING TO BE WALKING

AND TRYING TO GET TO A

SUPERMARKET FOR A SAFEWAY,

AND THE ONLY THING THEY'RE

GOUG TGOING TO FIND VINEGAR

AND SALT.

WE ARE NOT DEALING WITH A

FAILED ECONOMY.

WE'RE DEALING WITH A FAILED

STATE.

A GOVERNMENT STRUCTURE WITH

RULES AND REGULATIONS THAT

IS UNABLE TO CONTROL

ITSELF.

THAT'S WHAT WE'RE DEALING

WITH.

Reporter: AND THE FEAR

IS THAT GREECE'S PROBLEMS

ARE SO DEEP NOTHING WILL BE

ABLE TO STOP AN EVENTUAL

ECONOMIC AND SOCIAL

MELTDOWN.

DALE HERD, CBN NEWS,

ATHENS.

EMBED THIS VIDEO


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