The posting of this film is very timely, indeed, this weekend the leaders of Europe are frantically working to come up with a solution to the ongoing sovereign debt crisis. While other countries have come under pressure, e.g. Ireland, Greece has been a key source of the issues and disruption in financial markets; and has threatened to send the rest of the PIIGS (peripheral Europe countries with poor fiscal conditions) into a downward spiral through the contagion mechanism. This documentary provides an insight into the causes of the Greek sovereign debt crisis and discusses some of the possible ways out. The documentary also draws parallels to other cases of sovereign debt crises, such as Argentina, and Ecuador. In a time where the European sovereign debt crisis is the key focus of global financial markets, and a key factor in the global economic outlook, this documentary provides a good opportunity to understand the background of the sovereign debt crisis.
Debtocracy (Greek: Χρεοκρατία hreokratía) is a 2011 documentary film by Katerina Kitidi and Aris Hatzistefanou. The documentary mainly focuses on two points: the causes of the Greek debt crisis in 2010 and possible future solutions that could be given to the problem that are not currently being considered by the government of the country.
Debtocracy International Version by BitsnBytes
Finance Documentaries: http://www.financedocumentaries.com/2011/10/debtocracy.html