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Helloplite said:

Are you mixing up 'free' with 'true'? There is more plurality of opinion in countries higher up on the index, and less government interference. But that is all this is saying: It is not an indicator of how accurately, or truthfully, citizens are being informed. Just because media is more free, it is not necessarily the case that it is better media.

When the media are free, lying or hiding something from the populace is a lot harder. And when they're politically neutral, which they are here, they rarely have a reason to lie in the first place.

But no, I'm not conflating "free" and "true". I merely said that because his (and your, I presume) media are corrupt and there's a huge crisis going on (so they would have every reason to misinform people), chances are I'm better informed about the situaction in Greece than Greeks are.

Helloplite said:

At the end of the day, what matters the most is what kind of media people listen to. If, for example, you have plenty of objective media outlets, but most people decide to be 'informed' via Fox News, then they will not be receiving objectively fair or accurate news, regardless how free the media in overall are.

That's always a problem. The thing is, media in America are extremely political and act likie echo-chambers. Everybody gets informed by the outlet that tells them what they want to hear.

I wonder why is everyone picking on Fox News, though. I mean it's bad, but not THAT bad... have you ever watched some far-left media? The Young Turks, for example? Whay worse than Fox News.

Helloplite said:

One of the main reasons the Greek index is so low, is exactly because of media corruption. During the last 5 months, and especially in the weeks up to and after the referendum, the vast majority of TV channels -- run by rich supporters of the prior two big parties (ND, PASOK) -- continuously bombarded the people with inaccurate and terrorizing information regarding the meaning of the referendum, the potential outcome, and the anticipated results in Greek economy and society. The people were continuously being told to vote 'YES', as otherwise this would result in 'Grexit'. 

Despite all media propaganda, and there were tons of it, Greeks voted 'NO' regardless -- and guess what? 'Grexit' has yet to occur.

And it will not, because economics may be one aspect of the coin, but politics is always the other.

What are you talking about? Tsipras openly admitted that the referendum was just a show to strengthen his position. He wanted to pass the austerity measures, regardless of whether the Greeks say NAI or OXI and he did. Of course, it failed to give him a better deal in the end anyway, so... this referendum was a waste of time.

Europe doesn't want a Grexit because it would have dire financial consequences for the Euro. So we will bail Greece out time and time again. BUT it will hurt them. A lot.