In Debt

PhotographerGerasimos Koilakos
Entry Description

Over the last decade Greece went on a debt binge that came crashing to an end in late 2009, provoking an economic crisis that has decimated the country’s economy. The austerity measures demanded by international lenders in return for two massive bailout packages have ripped holes in the Greek safety net and plunged the country into a recession of near-Great Depression dimensions.

About Photographer

Gerasimos Koilakos was born in 1976 in Athens, Greece. After studying at the Leica academy he began his career in archaeological photography, before freelancing. He has photographed in Japan, Bosnia and Turkey while in Greece he has been working on social and political issues. He has carried out assignments for French and German newspapers and magazines and his work has been published internationally in Newsweek, Le Monde, Courrier International, L'Espresso, Internazionale, Der Spiegel, Die Zeit, and Amnesty Journal among others. His reporting on the Greek crisis received a top country pic and two honorable mentions at the 2012 IPA awards and was screened at the 2012 edition of the festival della fotografia etica in Lodi, Italy.