Georgians Squeezed by Greek Crisis

Georgia’s rural communities, where unemployment can reach levels of 40 percent to 50 percent, depend on remittances as an important source of foreign exchange and to cover basic costs like groceries, fuel and rent. The World Bank estimates that in 2010-2014 remittances accounted for 12 percent of Georgia’s Gross Domestic Product. (Photo: Temo Bardzimashvili)

Greece and the European Union may have reached a bailout deal to ease the Mediterranean nation’s financial crisis, but the effects of the country’s economic collapse are expanding eastward.
 

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Joseph Larsen is a freelance writer who acts as a consulting editor to the Office of the Public Defender of Georgia.

Georgians Squeezed by Greek Crisis

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