Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Guardian: Greek Bailout Money Will Go to Bankers Who Caused the Mess, At Citizens' Expense

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion Donate to DU
 
amborin Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-22-11 08:35 PM
Original message
Guardian: Greek Bailout Money Will Go to Bankers Who Caused the Mess, At Citizens' Expense
Greece and the EuroZone: Accept Reality and Default

snip

"......Not only has Mr Papandreou to get parliamentary approval for €28bn of spending cuts, tax increases
and privatisations, he must begin implementing this draconian programme by 3 July, in time for the next
extraordinary meeting of eurozone ministers. Even in ordinary times this would be regarded as ambitious,
but to do so amid the worst recession the country has seen in four decades would require a miracle...

snip

But these are small compensations to a Greek teacher who has seen her salary cut by 25%, an employee of
the Piraeus port authority who suspects his company is about to be sold to the Chinese amid thousands of
job losses, or a freshly minted graduate who knows they will struggle to get any kind of job. An abrupt
and drastic drop in living standards has been imposed on the Greek people – ultimately to keep afloat banks
across Europe that have lent recklessly.
The vehement message that has come from the Greek people over
the past month is that they will not stand for it – and nor should they. What in José Manuel Barroso's
words is good news for the EU is terrible news for those who have to live with the consequences.

Greece's main opposition leader, Antonis Samaras, for one, is no longer buying it. His economic logic is
impeccable: the imposed cuts are squeezing demand at a time when the economy is in deep recession. Indeed
, it is already happening: 50,000 businesses went bankrupt last year and the economy is in its third
straight year of recession. The fact that the main conservative opposition points this out, however, is a big new twist.

snip

http://www.guardian.co.uk/commentisfree/2011/jun/23/greece-eurozone-reality-default
Printer Friendly | Permalink |  | Top
Drale Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-22-11 08:37 PM
Response to Original message
1. The Greek people are already really pissed off and
seem to be ready for violence, why don't they beat up some bank execs? I don't condone violence but it seems to me that the only thing this evil types care about is themselves so perhaps if their physical being was in danger they may think twice before taking an action.
Printer Friendly | Permalink |  | Top
 
provis99 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-22-11 08:50 PM
Response to Reply #1
2. just look at when French workers kidnap their bosses.
Suddenly, the ruling powers are as quick as lightning to address workers' complaints. Violence, and threats of violence, work really well on the self-loving ruling class.
Printer Friendly | Permalink |  | Top
 
Drale Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-22-11 08:53 PM
Response to Reply #2
3. When did that happen?
I honestly don't remember that.
Printer Friendly | Permalink |  | Top
 
provis99 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-22-11 09:07 PM
Response to Reply #3
5. here's one link.
Printer Friendly | Permalink |  | Top
 
NashVegas Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-22-11 09:11 PM
Response to Reply #1
6. Quick! Go to the Footage From the Libya Protests
and remind 'merkins what an evildoer rules there.
Printer Friendly | Permalink |  | Top
 
Autumn Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-22-11 08:55 PM
Response to Original message
4. Gee that sounds familiar
I think we were in that movie.
Printer Friendly | Permalink |  | Top
 
pscot Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-22-11 09:19 PM
Response to Original message
7. quelle surprise
Printer Friendly | Permalink |  | Top
 
amborin Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jun-25-11 04:04 PM
Response to Original message
8. kick
Printer Friendly | Permalink |  | Top
 
Name removed Donating Member (0 posts) Send PM | Profile | Ignore Sat Jun-25-11 04:10 PM
Response to Original message
9. Deleted message
Message removed by moderator. Click here to review the message board rules.
 
Ninten12 Donating Member (61 posts) Send PM | Profile | Ignore Sat Jun-25-11 05:38 PM
Response to Original message
10. The Poor Man of Europe
That's what they call Greece in Europe. When I lived in Europe, Greece is the country that everyone seemed to look down their noses at.

Make no mistake. The current government in Greece are absolutely NOT socialist in any way, shape or form. They are the same idiots who were in charge during the fascist military dictatorship.

The "merchant class" still don't pay taxes and every bit of spare change goes to the military industrial complex... Hmmm, sounds like the country I'm currently living in. The one known by it's initials, USA!
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Mon May 06th 2024, 03:08 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » General Discussion Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC