2012-04-29

Greece is "a nation in shock"

Here's a headline that gets the cause and effect backwards: Suicides have Greeks on edge before election. An accurate headline would be: Greeks on edge, leading to rise in suicides
On Monday, a 38-year-old geology lecturer hanged himself from a lamp post in Athens and on the same day a 35-year-old priest jumped to his death off his balcony in northern Greece. On Wednesday, a 23-year-old student shot himself in the head.

In a country that has had one of the lowest suicide rates in the world, a surge in the number of suicides in the wake of an economic crisis has shocked and gripped the Mediterranean nation - and its media - before a May 6 election.
There's a dual effect here: both a rise in suicides and the attention to them due to social mood. However, there's a major increase taking place, this isn't simply social mood expressed through media and public reactions to the story.
Before the financial crisis began wreaking havoc in 2009, Greece had one of the lowest suicide rates in the world - 2.8 per 100,000 inhabitants. There was a 40 percent rise in suicides in the first half of 2010, according to the Health Ministry.

There are no reliable statistics on 2011 but experts say Greece's suicide rate has probably doubled to about 5 per 100,000. That is still far below levels of 34 per 100,000 seen in Finland or 9 per 100,000 in Germany. Attempted suicides and demand for psychiatric help has risen as Greece struggles to cope with the worst economic crisis since World War Two.

..."We're a nation in shock," he said, even though he suspected that it was the media coverage of suicides that had increased dramatically rather than the actual numbers of suicides. He nevertheless says the crisis is behind a notable rise in mental health problems in Greece.

"I had one patient who came in with a severe depression - he owns a furniture making company that got into financial trouble and he had to lay off 20 of his 100 workers," he said. "He couldn't sleep and couldn't eat because of that. He said his good business was being ruined and he couldn't cope anymore."
Here's the chart of Greece's stock market represented by the Athens Index Composite.

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