Film Lens
Debtocracy is a 2011 documentary by Katerina Kitidi and Aris Chatzistefanou that examines the Greek government-debt crisis of 2010. It argues for the default of 'odious debt' and critiques the financial practices that led to Greece's economic situation. The film features statements from various Greek Prime Ministers and prominent figures in global economics, discussing the roots of the crisis dating back to the 1821 revolution and British loans.
The documentary presents the idea of 'debtocracy', a term coined by the production team to describe Greece's governance under financial debt rather than democratic principles. It also draws comparisons with Ecuador's decision to default on its sovereign debt, suggesting a similar approach for Greece. The film has been distributed online under a Creative Commons license since April 6, 2011, and has garnered significant viewership, with half a million views in the first five days of release.
Why Watch
- •See statements from Greek Prime Ministers and IMF leaders.
- •Find out why the euro is considered non-viable for Greece.
- •Meet prominent figures like Alain Badiou discussing economic issues.
Did You Know
•The term 'debtocracy' combines Greek words for debt and power.
•The documentary was viewed by half a million people within five days of release.
•It criticizes the notion that the Greek population is fully accountable for the debts.
•The film suggests forming a committee to analyze debt, similar to Ecuador's approach.
Perfect For
Greek economic historySovereign debt issuesDocumentary enthusiasts