by kryfos0kosmo
May 12, 2011

from YouTube Website

 

 

For the first time in Greece a documentary produced by the audience. Debtocracy seeks the causes of the debt crisis and proposes solutions, hidden by the government and the dominant media.

Debtocracy 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

• possible future solutions that could be given to the problem that are not currently being considered by the government of the country

Aris Hatzistefanou, 34, is accustomed to uncomfortable reporting.

 

A journalist since his teens, his long-running show Infowar on Sky Radio was canceled just as his thought-provoking documentary, Debtocracy, was released.
 

From the authors

The idea came about during a Sky Radio show on how the Ecuadorian president was responding to the country’s massive debt.

 

He started a simple financial audit of sovereign debt, and came to the conclusion that other countries were using Ecuador as a slave, like Argentina and many other countries before. The administration forced a haircut of 70% on its creditors.

Katerina Kitidi - editor in chief of TV XS - and I decided to produce the documentary.

 

We faced a serious funding problem but, for obvious reasons, we didn’t want to ask any political parties, companies or - even worse - banks, so we resorted to crowd-funding.

It worked very well, we collected 8,000 Euros in just 10 days, an unprecedented figure for a country like Greece, facing a serious economic crisis.

At the beginning this project was supposed to be a mere YouTube video. But because so many professionals offered their help (musicians, video editors), and so many people donated their money, it became a real documentary.

 

The surplus was invested in promoting the movie.