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Greece Responds To Troika Deal With Immediate Two Day Strike, Threatens With "Social Uprising"
Even as the ECB's very own Mario Draghi is now peddling Greek deal rumors, which are essentially a reaffirmation that the country will "pledge" to return to GDP growth in 2013, we are already seeing real, not pledged, or promised, consequences of this deal, whether real or not (ignoring that Venizelos just said that it would actually take up to 15 days to finalize it, something which means the Greek exchange offer is DOA) namely that the crippling economic collapse discussed extensively on these pages is about to get far worse. AP reports: "Angry union leaders announced a 48-hour general strike for Friday and Saturday." “We are moving to a social uprising," said ADEDY Secretary Genera Iliopoulos." Surely this is the fastest shortcut for Greece to meet or beat expectations of halting the 10% drop in its GDP and convert that number to positive. One can only hope that makers of bulletproof vests can compensate the economic collapse as every other part of the economy shuts down.
The unions, General confederation of Workers of Greece (GSEE) and Civil Servants Supreme Administrative Council (ADEDY), announced on Thursday that their members will go on a two-day strike from Friday in protest at the controversial decision.
"We will hold a general strike on Friday and Saturday along with the civil servants' union," said a spokeswoman with GSEE which represents the private sector.
ADEDY's Secretary General Ilias Iliopoulos described the measures as “painful” which will “create misery for youths, unemployed and pensioners do not leave us much room.”
“We are moving to a social uprising," said Iliopoulos.
Greece has been the scene of repeated strikes since the country first resorted to bailouts from international lenders in 2010.
Leaders of the three parties backing Greece's coalition government approved new austerity measures on Wednesday but failed to agree to creditors' demands to make 300 million euros ($398 million) in pension cuts.
The country’s Prime Minister Lucas Papademos still hopes that the coalition leaders will strike a comprehensive deal by Thursday evening, his office said on Wednesday.
To secure a bailout package of 130 billion euros, Athens must first persuade the troika -- the European Union (EU), International Monetary Fund (IMF), and the European Central Bank (ECB) -- that it will implement long-delayed reforms and make further spending cuts.
Greece's current debt stands at 340 billion euros ($440 billion) -- a sum that equals around 31,000 euros debt per person in the country of 11 million people.
The country has, accordingly, the biggest debt burden in proportion to the size of its economy in the entire 17-nation eurozone.
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The country’s Prime Minister Lucas Papademos still hopes that the coalition leaders will strike a comprehensive deal by Thursday evening, his office said on Wednesday.
They don't have a freaking deal. My advice to the Greek citizens would be CHARGE!
is a deal done or just more rhettoric????
Valentine's Day...do Greeks celebrate it?
From Greek newspaper Kathimerini:
"Our politicians are doing exactly the opposite of what needs to be done. They obviously think they can fool the public by constantly passing the buck to somebody else -- such as the troika or Angela Merkel -- when it comes to measures they know they should have introduced long ago even if Greece didn’t owe a single cent.
Greek politicians are trying to look clever in front of a society who can easily see through their tough-guy posturing and who are trying to balance their damaged pride against the need for national and individual survival. Don’t they realize how naked, amateurish and unreliable they appear in the eyes of those who are supposed to be trusting us with their money?
I honestly don’t think they realize any of that. That is why the country has been humiliated in Europe and beyond. Frustration is pushing voters toward the parties of the left and abstention. Foreigners do not trust our politicians, nor do we. “How can we trust our money to these people?” say the Europeans. “OK, we make all the sacrifices, but what happens then? How can we trust these politicians to guide us across the river?” ask the Greeks.
Every hour that passes our politicians are doing all they can to sabotage the political system. They are completely annoying when they quarrel on television or when they put on that sad look to show that deep down they feel horrible about the bills they have to vote on. Politicians are doing all they can to undermine the Papademos solution because they think it’s crazy to surrender power to someone who does not belong to their cast."
Pretty hopeless situation for Greeks.
ekathimerini.com/4dcgi/_w_articles_wsite3_1_07/02/2012_426620
there IS a solution..... rope and trees rope and trees rope and trees
What the Hell is the people's BEEF!!?? I mean they act like they need food to eat!! I heard the banksters that are trying to help the Greek people are releasing a cook book to help them with cost efficient meals to eat. How to roast rats. Bugs are good sources of protein. Moldy veggies are a good source of vitamins. And then a page on how to make bombs from rotted fish.
God gave mankind rope and trees..........let's use them.
Rope and trees and politicians and banksters............perfect together.
Libyan Resistance, War News – February 8, 2012
* Several explosions and firefights in the area of the town of Souk Laejilate.
* Violent clashes in the region Karkarche. The correspondent of El Arabia and the cameramen were beaten.
* Tuareg protesters have been fired AT by NATO-mercenaries (i.e. rebel rats)in Janzour and at least two peaceful protesters have been killed. The Tuareg population of Libya are protesting against the genocide implemented under the NATO protection. A whole town has been wiped out by NATO-mercenaries, and those who survived are living in concentration-camps and not allowed to go back to their homes. Horrendous crimes have been committed by NATO-mercenaries, including torture and rape, but UN still refuses to condemn NATO and its Mercenaries for these crimes. Soon after the murders of the Touareg in Janzour, armed Jamahariya Green Resistent attacked NATO mercenaries, to stop the bloodshed of innocent people. The fighting is still raging…
..but is the oil flowing to Europe? That is all anyone really cares about. Sorry.
Exactly.
if the greeks do not destroy their bankster politicians, they will be dead meat....they should know that their will be a nato invasion should greece not accept the deal or fail to impose its terms.....
Why would NATO invade Greece? Greece will self-implode and after the dust settles the ECB will pick over its bones to toss whatever is left to the bankers. Perfect plan is perfect.
anyone romania gov falls d/t austerity and the press and even ZH is mute. small countries with small gdp are targets for bankster rapists w/o fear
Because there are only small countries left.
This is what happens when people don't own anything and are in debt up to their eyeballs. They trash the place. Social upheaval may mean that there is nothing left, after they toss the government out, on it's backside.
http://georgesblogforum.wordpress.com/
So goes the PIIGS, eventually so goes the USA. Watch, live, and learn.