The recent announcement that Greece’s market has been reclassified as an ‘emerging’ one rather than a ‘developed’ is seen as another blow to the country’s fortunes at a time when it appeared that the green shoots of recovery had finally started to emerge. Investor confidence had finally started to increase but this will likely be rocked once again by this news.
The sudden closure of the national state broadcaster ERT to supposedly save money will also be seen as a massive blow by many who will smell conspiracy when in reality it may well have been justifiable cost reasons. However, there will be few outwith the far right parties who would see the loss of the state broadcaster as being appropriate to be at the top of the list of cuts, regardless of cost.
Hopefully the mooted re-launch of a leaner media entity will happen sooner rather than later but this move might very well be a PR nightmare the Government should have foreseen better.
