Wednesday, May 22, 2013

Greek Prostitution Soars By 150% As Youth Unempoyment Hits 75% In Some Areas

http://www.zerohedge.com/news/2013-05-22/greek-prostitution-soars-150-youth-unempoyment-hits-75-some-areas

With Greece suffering the biggest economic depression in decades, all so a few rich men can preserve their wealth and not have their EUR-denominated savings wiped out (even if the alternative means finally being able to rebalance externally using the Drachma instead of forcing internal rebalancing via unemployment and plunging wages), it was only a matter of time before we found out just how humiliating the conversion of the entire economy to a "gray", non-tax paying one would be for the citizens of Greece.  As the NYT reports, in just the past two years, the numbers of Greeks engaging in prostitution as a last course source of income has more than doubled: according to the National Center for Social Research, the number of people selling sex has surged 150 percent in the last two years.

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