Elections in Greece June 2012. International media perception and coverage of consequences for Europe, Euro, the markets

Greeks are called to vote again this 17 June 2012 in legislative elections, just two months after previous general elections.

The results of the voting are crucial for the political and economic future of Greece, and its position in Europe and about the future of euro currency in this country.

As some other countries in Europe struggle with severe economic and financial conditions linked basically to a level of public debt and deficits judged unsustainable, there are growing fears that institutional and economic problems faced by Greece are not just a local matter. Greek elections are viewed by many as a milestone of extraordinary importance for the future of the euro currency and the evolution of the European Union.

Even if Greece is a rather small country in Europe in terms of population and of size of the economy, the outcome of the elections will have probably systemic consequences in Europe. All eyes in Europe are turned now to Greece.

We want precisely in this post to show what media outside Greece is watching and showing to their readers about Greek elections and its implication for Europe.

We have used in many post of this blog, text content analysis of news as way to identify the storyline chosen by the media, or the existence of media bias.

Now we will choose an indirect content analysis strategy, that we are in fact applying to explain what is going on in a major football competition in Europe, the Euro 2012: image content analysis.

So, we will apply the same technique here, consisting in monitoring all news about elections in Greece. Then, instead of proceeding to a text content analysis, we capture the photo chosen by the journalist to provide an image intended to capture the essence of the story told in the news. Then we proceed to an image content analysis to produce quantitative results, that allow us for an analysis and interpretation of the results.

We start the presentation of the results by showing media coverage of the elections in newspapers in Germany.

First figure refers to media coverage during the last four days before the election day. We have separated news from the last day, Saturday 16 June, and the three previous days (13 to 15 June).

We have selected three big issues: the connections of the elections in Greece with the future of Europe, the euro and the effects on financial markets.

We observe a lot of volatility concerning the structure of the news published in Germany these four days.

News related with the financial problems completely dominated the news in terms of photos used during the first three days. They represented 24% of all images in news about Greek elections. This kind of news practically disappears in news in the eve of the elections.

As for the presence of images about the euro and Greece, they keep stable above 11% of all images.

We also find a sudden increase of images referring to Europe in the last day before the elections, moving from 3% to 6.7%. There are growing concerns about the impact of the elections on the future of Greece in Europe and its impact on the future of the European Union.

You can find below examples of the photos used by newspapers in Germany in news about the elections in Greece concerning these first three categories:

1. Europe.

Source: Handelsblatt 15, June 2012. See the article: Weidmann und Brüderle warnen Griechenland

2. Euro

Source: Hannover Zeitung, See the article: Wahlen in Griechenland: Deutsche befürchten Verschlimmerung der Euro-Krise.

3. Financial Markets

Source: Focus

(additional new content coming)

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2 thoughts on “Elections in Greece June 2012. International media perception and coverage of consequences for Europe, Euro, the markets

  1. Pingback: Effects on Greece: Elections in Greece June 2012 International media perception and | Euro Economy

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