April 22, 2014
Spending cuts in Greece have caused some 500 male suicides since
their implementation, according to a new study. The research found a
positive correlation between austerity and suicide rates after other
possible links proved to be unrelated.
The 30-page study, titled ‘The Impact of Fiscal Austerity on Suicide:
On the Empirics of a Modern Greek Tragedy’ and published in the Social
Science and Medicine journal was authored by Nikolaos Antonakakis and
Alan Collins from Portsmouth University.
“Suicide rates in Greece (and other European countries) have been on a
remarkable upward trend following the global recession of 2008 and the
European sovereign debt crisis of 2009,” states the study’s abstract.
Each 1 percent decrease in government spending resulted in a 0.43
percent rise in suicides among men, according to the study. Between 2009
and 2010, there were 551 deaths which occurred “solely because of fiscal austerity,” it stated.