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CEO, President of


Statistics raise the number of people suffering from depression of all degrees in Greece to 4 million out of 11 million of population. However, almost half suffer from reactive depression, a form of depression that appears due to reaction to external factors, such as financial measures and poverty. More and more people say “I can’t take this any longer, I am falling apart, I’m not in the mood for anything. I push myself to go to work. I feel like giving everything up and going away. I’ve lost the fun in life, I’ve lost my interests. I want to be left alone. I see no light at the end of the tunnel”.  All these statement are indications of primal or progressed depressive reaction. Financial measures that cause poverty and leave a pending threat for even worse situations to come, is one of nowadays’ causes for the development of reactive depression. People are endowed to withstand stress and develop defence mechanisms.  But no natural stress demonstrates the permanence or the duration of the stressful factor called “financial measures”. This is a chronic stressful factor, the extent of which cannot be determined by the human brain. This is why it causes the right conditions for the destruction of people’s psycho-defence mechanisms, which results in depression. When people can have estimate of how long an ordeal will last, they can program their defence. But when they play a game without specific rules, they are crushed under the catalytic effects of uncertainty. People respond to threat either by fighting or by fleeing. But they cannot flee from harsh financial measures. They have to fight them. But they don’t have this option either. They can’t fight by working more to earn more, because work is cut off and hence salaries are reduced. They can’t fight by starting a new business, because banks don’t provide liquidity for new businesses. On the other hand, monthly obligations keep accumulating and people need to cover them. We all know that you can’t milk a cow all the time. You need to let it rest in order to become productive again. Modern people facing recession, however, are deprived of this necessary downtime.  We all know the Bermuda Triangle, where ships and airplanes are lost. Correspondingly, there is the depression’s Bermuda Triangle where people are lost. I have given it this name because it best describes the triangular relation between stressed individuals, their ego, their environment and their future. People in the depression’s Bermuda Triangle feel inadequate, physically, mentally or socially deprived. And how can they help this feeling when they can’t solve this problem and when they are left behind, at least socially, when they don’t have a job or when they are at risk of being fired? They feel their environment is becoming too demanding, oppressive and rejecting. These feeling are only natural when they come from those who were fired from their jobs, those who don’t have access to jobs or those who are not paid by their employers. As for their future, it seems to be bleak. Although they would like to be optimistic, financial measures forbid it. And as if this was not enough, costs must be drastically reduced as well. It turns out that reactive depression is the result of the “paralysis” of the psycho-defense mechanism which leads us to calling it socially induced reactive depression. Human will sustain its effects more or less, according to their idiosyncrasy, their innate endurance, their flexibility and their ability to adjust to negative conditions. One thing is for sure, though : those who are less enduring, namely the more sensitive and vulnerable, may not be able to make it until the crisis is over. Some will be lost in the depressive Bermuda Triangle. And the greatest responsibility for this situation belongs to the system which, on one hand did not coach these people in stress management, and on the other is managing crisis almost amateurishly from a psychological point of view.


- Published in “INSURANCE MARKET” magazine