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In The Meantime, Greece Is Under Strike Lockdown Protesting Austerity

Tyler Durden's picture


Not like it will make much of a difference, since whether striking or not, nobody actually pays taxes, but the symbolism of all of Greece being on strike lock down to protest austerity in a day when the latest Troika austerity ushering deal is due in "hours" is not lost on us. Here is Kathimerini (local translated edition) summarizing today's festivities: "According to data from the GSEE, participation in refineries, shipyards, and transport ships, reached 100%, banks, PPC, OTE and EYDAP, 80%, ports and construction 70% while 60% moved to participate in metal workers. About 15,000 workers and members of leftist organizations took part in the strike gathering held at 11 am in Syntagma Square. Despite the constant rain, the protesters staged a symbolic encirclement of Parliament until late afternoon." "One in two people and one in three women are unemployed, 12% of our citizens living with zero income and 50% below the poverty line," he stressed in his speech to the concentration of SHIFT and given the President of the SHIFT Panagiotis Tsarampoulidis , expressing the opposition of the unions' betrayal of the public property, "layoffs, cutting salaries and pensions and" policies that lead to poverty and misery." More details below.

Translated from Greek

Great participation in the strike of GSEE and ADEDY. Intensity in Syntagma Square

With a large turnout today was the nationwide general strike of GSEE and ADEDY.

According to data from the GSEE, participation in refineries, shipyards, and transport ships, reached 100%, banks, PPC, OTE and EYDAP, 80%, ports and construction 70% while 60% moved to participate in metal workers.

About 15,000 workers and members of leftist organizations took part in the strike gathering held at 11 am in Syntagma Square. Despite the constant rain, the protesters staged a symbolic encirclement of Parliament until late afternoon.

At the top of the course were the protesters a common banner of two senior trade union organizations and the slogan "Social and popular resistance on income, labor relations and insurance," diadilontas their opposition to the "new mnimoniaki policy leads to poverty" and with similar slogans against capital and the plutocracy "encouraged" to resist, so "we can not xanaplirosoume the crisis."

The resolution of mobilization, adopted by the assembled to undertake the Bureau of Parliament by a delegation of trade unionists, in the end was not served because the absent members of the Bureau. This fact has led to angry withdrawal of trade unionists, who made statements to the press about "deficit dignity and responsibility of the political system."

Amongst others, workers in the resolution condemning "the hopeless and antianaptyxiaki policy has led to workers and the country to the brink of disaster" and asked to stop, because "it removes vast resources and income of the people, and enlarges the recession and the firing unemployment and debt. "

According to the general secretary of ADEDY, Ilias Iliopoulos, further escalation will be decided Thursday.

The resolution of the strike concentration delivered to the national delegations of the presidency GSEE and ADEDY, unions emphasize their opposition "to the measures included in the new memorandum which apart from the dramatic impact on workers, are deadlocked confession of economic policy and adverse effects in the realm of the real economy. " The unions also claim, "the cancellation and reversal of government policies that promote and Troika."

Address, even, "Invitational unity and struggle for all workers in the country and Europe, as" to cancel out the nightmarish, destructive cyclonic and drawings of European strengths, promoting a Europe of "markets" and the bankers and not the citizens ".

At the end of the mobilization were minor incidents, when groups of protesters hurled bitter oranges and other objects at police who were lined up in front of the Tomb of the Unknown Soldier, and burned a Nazi flag. The police responded with stun grenades-use flash and later left the assembled because of heavy rain. During the episode was bringing an individual.

As pointed out by representatives of PAME 'options are chains or arms race "and noted that" it rather than another revolution waiting. The forces in favor of monopolies are ruthless."

And denounced the political parties supporting the government saying that "behind the troika" and that "they are lying when they say they are fighting to save the 13th and 14th salary, bonuses when slaughtered, the minimum wage and abolished collective agreements."

They opened the Metro stations

Is open from 13:45 all metro stations in central Athens. The police suggested the administration fails to provide the service stations, whereas there is no reason to cause episodes.

Thus, the Constitution station opened just before 12 noon, and broadcasters University and Immaculate were in circulation, just after 13:30.

Recalled that the subway, like the other two track-based modes, subway and tram, currently until 5 pm.

Thessaloniki: protest marches SHIFT - has been given, GO

Demonstrations protesting the requirements of the troika negotiations on reducing public debt and the terms of the loan agreement made in Thessaloniki.

"One in two people and one in three women are unemployed, 12% of our citizens living with zero income and 50% below the poverty line," he stressed in his speech to the concentration of SHIFT and given the President of the SHIFT Panagiotis Tsarampoulidis , expressing the opposition of the unions' betrayal of the public property, "layoffs, cutting salaries and pensions and" policies that lead to poverty and misery. "

Sent a greeting and a member of management has been given NT / John Ammanatidis ADEDY. Followed a path that led away from the main secretariat of Macedonia - Thrace.

Separate collection of the statue of Venizelos and PAME held and then follow a path that led to earlier half-hour difference in the general secretariat of Macedonia - Thrace.

Assemble at Kamara made the primary associations and private sector and public movements of extra-parliamentary left, which

Rallies and marches with mikroepeisodia in Heraklion

With two protest meetings and marches, one of Iraklion Labor Center and one of PAME, employees participated in 24 of the city declared a strike GSEE and ADEDY, while there were some incidents and tensions.

During the course of EKI, people from the antiauthoritarian space that had crept along the way, broke windows with stones the Palais Heraklion Avenue Justice and then the square Kornarou attacked a branch bank and pawnshops.

The concentration of the Labour Centre with the participation of the County Department of ADEDY, held outside the offices of EKI, while the concentration of GO was in Liberty Square, followed by demonstrations in the main streets of Heraklion.

The Labour Centre in a statement said that involved 24 to strike "in response to the Troika and blackmail the government for lower wages, sectoral agreements, in the 13th and 14th salary and maturity".

Further, among others, stresses that "the measures adopted these days will give the final blow to the full deregulation of labor relations, will complete the violent upheavals in the life of the Greeks and lead to despair employees and retirees of our country" .


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Tue, 02/07/2012 - 10:06 | 2133574 Jason T
Jason T's picture

It's gonna be a showdown

Tue, 02/07/2012 - 10:37 | 2133656 Dr. Engali
Dr. Engali's picture

The good old days of real music. Not this corporate music in a can bullshit.

Tue, 02/07/2012 - 11:07 | 2133744 trav7777
trav7777's picture

the joke is on the Greeks...the rest of the world won't miss them.

Did anyone anywhere notice the tiny blip in production falloff due to the strike?

These greasy bums don't seem to understand that it is through production and export that they will earn income, not from a government that just pays them to lounge in cafes

Tue, 02/07/2012 - 13:34 | 2134338 smiler03
smiler03's picture

Not like it will make much of a difference, since whether striking or not, nobody actually pays taxes.

Nice one Tyler. You know that for a fact do you?

Tue, 02/07/2012 - 10:06 | 2133575 GeneMarchbanks
GeneMarchbanks's picture

It's close... hang in there, 'help' is on its way...

Tue, 02/07/2012 - 10:07 | 2133576 surf0766
surf0766's picture

Bailout or no bailout , it will be very ugly.

Tue, 02/07/2012 - 10:07 | 2133578 Id fight Gandhi
Id fight Gandhi's picture

To everything... Burn burn burn...there is a season burn burn burn...

Tue, 02/07/2012 - 11:02 | 2133731 Dick Gazinia
Dick Gazinia's picture

"I love the smell of DEFAULT in the morning. It smells like victory."

Tue, 02/07/2012 - 10:09 | 2133581 The Deleuzian
The Deleuzian's picture

Coming to a town near you...

Tue, 02/07/2012 - 10:13 | 2133590 Dr. Engali
Dr. Engali's picture

There is no way they nor we will avoid the upcoming turmoil. Debt must and will be destroyed one way or another. There is no magic growth pill to get us out of this mess.

Tue, 02/07/2012 - 10:15 | 2133592 tarsubil
tarsubil's picture

Greece is a meth addict.

Tue, 02/07/2012 - 10:23 | 2133612 Dr. Engali
Dr. Engali's picture

If Greece is a meth addict what does that make the U.S. ?

Tue, 02/07/2012 - 10:47 | 2133688 Vincent Vega
Vincent Vega's picture

Rule #1: Never underestimate the other guys greed. Rule #2: Don't get high on your own supply.    ~from the movie Scarface

Tue, 02/07/2012 - 11:09 | 2133750 trav7777
trav7777's picture

what the US is not germane to the statement.

The world let us borrow in our own currency.  And then THEY went and borrowed in our currency too!

Tue, 02/07/2012 - 10:23 | 2133602 Piranha
Piranha's picture

Love the way the Greeks are playing the rest of Europe, bet they won't reach a deal and won't implement any of the demands by the troika. For Merkozy, Mario and IMF it's only to press the moneyprinting button to avoid meltdown, for sure this is the way it will go. Easy to print, harder to go against the banksters.

Tue, 02/07/2012 - 11:24 | 2133810 trav7777
trav7777's picture

oh yeah, they're sure "playing" the world, those greasy greeks....

Like a meth addict saying "LEND ME MORE MONEY OR ELSE I WON'T PAY YOU BACK."

Greece will be cut off and expelled and the EU will do what it needs to to save its banks.  The EU has other problems in Spain and Portugal.  It is LONG past time that they made an example of Greece.

Tue, 02/07/2012 - 10:22 | 2133606 francis_sawyer
francis_sawyer's picture

I "voted" for communism (aka - Hope & Change)... Now where's the stinkin' job & benefits you promised me?

Tue, 02/07/2012 - 11:04 | 2133739 Dick Gazinia
Dick Gazinia's picture

Hoax and Chains?

Tue, 02/07/2012 - 10:22 | 2133608 eddiebe
eddiebe's picture

Class warfare. We the people against the banksters. Take note U S citizens and prepare.

Tue, 02/07/2012 - 10:27 | 2133619 francis_sawyer
francis_sawyer's picture

Ha! that's a laugh... The only class of US citizens that is currently configured to operate that way (as a semi organized front) are UNIONS... & thus far, they are being kept rather placated...

Tue, 02/07/2012 - 11:17 | 2133768 MachoMan
MachoMan's picture

Not really...  unions are too old, large, and entrenched...  maybe conceptually...  but, in the end, unions simply turn into another oppressor...  (and ultimately begin the hourglass for when the system is set for financial detonation).

The critical mass is being placated...  as long as this continues, there will be no change.

Bankster is too general of a term...  it's really people who desire to be productive versus welfare queens...  and this line in the sand so to speak happens in every strata of socio-economic characterization...  so class warfare proper really isn't very accurate.

Tue, 02/07/2012 - 11:26 | 2133819 trav7777
trav7777's picture

unfortunately, due to the revolving door between unions, corporate boards, and government, it is goin to require unions to dissolve, working conditions to deteriorate, and people to get stepped on before they can reorganize labor power into something again representative.

Tue, 02/07/2012 - 12:22 | 2134045 francis_sawyer
francis_sawyer's picture

I don't want to get semantic in this issue...

I was merely referring to 'UNIONS' outside of what their official legal distinction is or was... Instead, I was merely referring to them as a BAND OF BROTHERS... A mob... Any collection of people who can unite behind a single cause...

Contrast that to the average Joe out there... They have to work to establish anything close to what a union could assemble in two seconds flat... Then there the geographical & other logistical problems... This is a large country... I'm not saying it can't or won't happen but it's tough... Not even European countries have the geography issues... A great deal of Greeks live in the Athens metro area... It's concentrated...


To think of it another way... Military units like the Marines are taught to think... Unit...Corps...God...Country...

Whatever you think about that, keep in mind that UNIT & CORPS come before God & Country... That's the mentality of a UNION...

(that was NOT my red arrow BTW)...

Tue, 02/07/2012 - 12:45 | 2134158 MachoMan
MachoMan's picture

The mob is going to destroy unions... 

I think what you're referring to is collective bargaining...  however that may arise.  However, trav is right.  We've hit a peak of collective bargaining...  when the mob gets ahold of the treasury, it's over...  voting themselves largess until the golden goose is cooked (offshored, fed up, etc.).

This is why those who are advocating deleveraging and reduction of government are putting the cart before the horse.  The power vacuum created by a decreased government is going to be filled with people who will not allow collective bargaining...  whether by force or incentive.  What remains to be seen is whether the new masters will be as bad as the old ones.

Once there has been a break of established mobs, there will be an increase in new ones, everywhere, as the new masters become more and more oppressive...  It's really just an ebb and flow of more complicated inputs...  but this is the result.  We've had our peak collective bargaining and it's time to go the other way for a while...  the only question is how much wherewithal present actors have to fill the vacuum left by government and how good they are at utilizing their spoils... 

needless to say, I think this last version of the matrix has without a doubt made clear that subtle methods of control can last indefinitely (the only limiting factor is that pesky thing called reality/resources)...  which I suspect will be the model moving forward...  despite the tried and true paradigm of railcars and prison factories. 

Tue, 02/07/2012 - 10:23 | 2133610 lizzy36
lizzy36's picture

Greece is in a "cycle of abuse" with Troika and ECB. At what point does staying become more horrible than leaving?

Tue, 02/07/2012 - 10:37 | 2133658 agent default
agent default's picture

Depends on the political ruling class.  At what point do they begin to fear for their hides?

Tue, 02/07/2012 - 10:40 | 2133663 ZeroPower
ZeroPower's picture

Id posit Greece is already there. The issue is, once Gre leaves, other weak countries will want to do the same, thereby creating a collapse of even more epic proportions than what we are expecting/looking forward to.

Germany is the key here folks. Remember, the DMark would be much much stronger than the EUR if it was still on the markets. Theres only so much the Germans can be getting fucked over with. Them sticking with the EU and agreeing to bail out countries is a sort of 'yes we did the holocaust, we'd like our forgiveness now that we also stuck through the eurocaust' excuse.

Tue, 02/07/2012 - 11:31 | 2133850 trav7777
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I don't know why the ZH "consensus" is that Greece is somehow heroic or the victim here.

The victim will be the German CITIZENS, who are the ones who ultimately will hold the bag for money lent to GREEKs, which was spent on espressos while lounging in cafes pretending to work at government jobs.

Yes, a lot of the loans to greece, like all loans, were conjured from thin air, but the point remains.  fuck the banksters, but the situation is not as simple as that.  Greece is NOT Iceland, which had a private banking collapse and refused to stand in the public sector as guarantor.  Greek banks aren't failing...their government and the people's spendthriftiness is the issue here.  Greece is a true deadbeat State.

Greece has been living FAR beyond its means for quite awhile and if the EU wants the pimp hand they are going to have to make an example of them.

Tue, 02/07/2012 - 11:43 | 2133903 GeneMarchbanks
GeneMarchbanks's picture

'I don't know why the ZH "consensus" is that Greece is somehow heroic or the victim here.'

There is much that you don't understand as your posts continually reveal. You could easily say all of those things about the US and be correct.

You understand nothing about Greece, its people, historical significance anf context within Europe or EU. Basically you're been skullfucked by Max Weber and a bullshit Darwinian application. You're a troll and should stay away from commenting as much as possible. You oversimplify and are clearly a person who lives and issues opinions out of fear. Probably because you see the walls closing in, I truly pity you for your absolute nonsense as do most sane individuals who comment here.

Tue, 02/07/2012 - 11:48 | 2133930 tarsubil
tarsubil's picture

Could you explain Greece to us?

Tue, 02/07/2012 - 12:25 | 2133996 GeneMarchbanks
GeneMarchbanks's picture

I cannot. I urge you to at least visit Crete and have some wine with the locals before you disparage a nation leaving yourself looking like a fool.

Tue, 02/07/2012 - 12:56 | 2134202 MachoMan
MachoMan's picture

Care to comment on the Greeks basically holding everyone hostage via laughable reform measures...  knowing full well they have the entire developed world by the balls given the domino effect?  Or the protests demanding more pay, less work week, more benefits, etc.?

From outsiders, it looks pretty...  cut and dry...  what are we missing?

Tue, 02/07/2012 - 13:00 | 2134231 tarsubil
tarsubil's picture

Just visit Crete and you'll see. Believe me.

Tue, 02/07/2012 - 14:45 | 2134642 trav7777
trav7777's picture

wow...a visit to Crete is suddenly going to make Greece into a nondeadbeat.  Gotcha

Tue, 02/07/2012 - 14:44 | 2134638 trav7777
trav7777's picture

Do you think that saying "the US IS WORSE!!!!11" in ANY way invalidates my CORRECT statement?

In the future, perhaps try responding with a counterargument instead of bullshit.

Tue, 02/07/2012 - 12:22 | 2134047 Zero Debt
Zero Debt's picture

The highest profile victim of this episode worthy of national mourning is the innocent truth (about interest rates, money supply, prices, resource availability and many other things) that was ridiculed, persecuted, tortured, slayed and buried under a pile of lies and deceit. Those who defended her are worthy of the highest respect. However we shall not fear her absence because she has eternal life and once called upon she will rise again from the ashes.

Tue, 02/07/2012 - 10:55 | 2133711 dwdollar
dwdollar's picture

Like a dog, no matter how much you abuse it, it will come back to you... as long as you keep feeding it.

Tue, 02/07/2012 - 10:55 | 2133713 GeneMarchbanks
GeneMarchbanks's picture

It isn't just about staying or leaving, it's about governance and uniformity. Hellenic individuality doesn't and cannot mix with a German or any Western political construct. There is no authority aside from the 'technocrats' who are just clueless debt pushers. Anarchy and massive social dislocation dead ahead.

Tue, 02/07/2012 - 11:33 | 2133855 trav7777
trav7777's picture

What doesn't gel here is the German concept of working and producing and the Greek concept of pretending to work while lounging in cafes.

Does EVERYONE think the historical clan divisions in Europe (which were sanctioned into national borders eventually) are just some arbitrary BS?  Oh yeah, the modern assumptions about ethnicity and race do exactly that, ignore the obvious.

Tue, 02/07/2012 - 12:38 | 2134010 GeneMarchbanks
GeneMarchbanks's picture

Please stop commenting, you understand neither biology nor European culture and its people.

Just because you get nervous around ethnics doesn't mean that you should share your fear whilst pretending to understand biology.

Tue, 02/07/2012 - 12:53 | 2134098 Zero Debt
Zero Debt's picture

Euroclan this and eurotribe that, as long as you let people live in freedom with decision making autonomy they can coexist while being very different. Problems tend to occur when a central authority tries to eliminate the differences by decree which is actually just retaining differences but removing autonomy to coexist. The people of both Greece and Germany have been fooled to believe that central planning was for their own good, thus allowing it be imposed on themselves, whereas in reality its only purpose was to serve to consolidate power and keep influence out of reach of the ordinary man while feeding the incumbents and creating a new nobility class which are commonly known as career politicians with high salaries drinking latte in a chic joint in Brussels and discussing "challenges" with their press buddies and their "best and the brightest" lobbyist pals who pay the bill.

This is not to say that borders do not matter, the power grab also includes decrees of forcing countries to open their borders to allowing people or goods to enter that a majority of them do not want within their borders. The removal of border checks, racism smear tactics and diversity at any price, often in the name of integration, harmonization etc is also a key cornerstone of eliminating resistance on the national level following a simple divide and conquer power strategy. This is also a form of decree which is generally only possible once sovereign decision making has been ceded to international decision makers and "policy experts" (i.e. that it is lost to the elite).

What people need to do is not to start to pit groups against each other when they have more to win by fighting a common enemy, this plays into the hands of the elite. Rather you need to get rid of the elite as your first and foremost objective. Even a simplistic statement about perceived group similarities has many hidden flaws. Think of all the Germans who work so that they can afford enjoying a cafe in the weekend, or the Greeks that relax in cafes to rest for their next working week. They do not fit into simplistic equations. Also, if someone would prefer to work two days a week and relax the rest of the time, so be it. Being forced to feed the elite class is a different matter.

Tue, 02/07/2012 - 14:48 | 2134657 trav7777
trav7777's picture

The greeks don't WORK.  All of the southern euro nations are a clusterfuck.

In the north, they aren't.  Different clans, different people, their innate differences express in a difference in culture.

Central planning is IRRELEVANT.  Fucking Germany worked and Greece didn't LONG BEFORE the EU.

The torture you guys perform on the facts to try to get them to fit your theses makes me laugh.

Tue, 02/07/2012 - 15:43 | 2134992 Zero Debt
Zero Debt's picture

I never suggested that people can change or should change just because someone else thinks so. They are free to decide on level of effort and should then simply live within their means. The whole "such and such people is not working" is a non issue until you enforce collaboration with state sanctioned violence and embark on transfer of wealth to elites. Then the whole thing ultimately collapses, regardless of clan membership.

Tue, 02/07/2012 - 10:23 | 2133613 bpom
bpom's picture

The protestor's sign shows ignorance of english, today's lingua franca.

Tue, 02/07/2012 - 10:27 | 2133621 batz
batz's picture




The more serious concern is that an ultra-left Greek group may splinter and start with terrorist attacks on Germany and Brussels.

It's just a matter of youth unemployment and perceived foreign interferance. They don't have to be logical, they just have to have enough sympathy from the populace to hide among them.

Tue, 02/07/2012 - 10:27 | 2133622 marcusfenix
marcusfenix's picture

It appears the FBI is doing a little "prepping" of their own in anticipation of the US "going Greek"-

(Reuters) - Anti-government extremists opposed to taxes and regulations pose a growing threat to local law enforcement officers in the United States, the FBI warned on Monday.

These extremists, sometimes known as "sovereign citizens," believe they can live outside any type of government authority, FBI agents said at a news conference.

The extremists may refuse to pay taxes, defy government environmental regulations and believe the United States went bankrupt by going off the gold standard.

Routine encounters with police can turn violent "at the drop of a hat," said Stuart McArthur, deputy assistant director in the FBI's counterterrorism division.

"We thought it was important to increase the visibility of the threat with state and local law enforcement," he said.

don't like the fed steeling from you on behalf of the banksters? to bad serf, but we do have a number of camps we can place you in to help you get away from it all and get that attitude adjustment you obviously need.

the future is hard to predict, bit I have a suspicion I won't be needing the shades.


Tue, 02/07/2012 - 10:35 | 2133644 Zero Debt
Zero Debt's picture

The extremists may refuse to pay taxes, defy government environmental regulations and believe the United States went bankrupt by going off the gold standard.

Yeah right, it is really extremist to "believe" that the US went bankrupt by going off the gold standard. Now that is a thoughtcrime worthy of a FBI goon squad takedown.

Goodthink and greatspeech brings the fantasticthings.


Tue, 02/07/2012 - 11:19 | 2133789 john39
john39's picture

"During times of universal deceit, telling the truth becomes a revolutionary act."- G. Orwell.

Tue, 02/07/2012 - 11:22 | 2133802 MachoMan
MachoMan's picture

speaking of not paying taxes...  what about all this talk of paying less marginally than your secretary or obfuscating income and tax payments via foreign transactions?  Having a boat registered in another state? 

In other words, you have characteristics of anyone that actually makes any money being used negatively towards an unfavorable class of citizens...  (even though they may not classify themselves that way).  At least the government is consistent...

Tue, 02/07/2012 - 10:42 | 2133672 Badabing
Badabing's picture


We gotta take them out, only the FBI can save us now!


Tue, 02/07/2012 - 10:42 | 2133673 pazmaker
pazmaker's picture

Marcus.......... Sad isn't it?  We are raped and robbed and because we don't like being raped and robbed we are called extremist.

Tue, 02/07/2012 - 10:29 | 2133632 Texas Ginslinger
Texas Ginslinger's picture

Baltic Dry Index has bottomed out at 648.

Yield on a 1 year Greek bond has gotten legs again (it had stalled) and stands at 525.

Intersection point may be in the mid 600's..??



Tue, 02/07/2012 - 10:33 | 2133643 Calmyourself
Calmyourself's picture

Greek circle jerk..

No law or contract will ever bring down this ponzi and if anyone tries the camps will open..

Tue, 02/07/2012 - 10:35 | 2133652 pazmaker
pazmaker's picture

..and the EURO soaring ..approaching 1.32 vs they claim our toilet paper is worth more then your toilet paper

Tue, 02/07/2012 - 10:36 | 2133654 ZeroPower
ZeroPower's picture

the latest Troika austerity ushering deal is due in "hours" 


Where have I heard this before? 

Tue, 02/07/2012 - 10:42 | 2133670 Piranha
Piranha's picture

ie Mario has his finger on the button to send Greece the moneys

Tue, 02/07/2012 - 10:38 | 2133657 BLOTTO
BLOTTO's picture

Their must also be some symbolism that the main focus of the financial crisis is happening to Greece.

Basically...arguably... 'the cradle' of western civilization...

Ancient Greece.

Money, philosophy, military, architecture... etc...

Tue, 02/07/2012 - 11:00 | 2133725 Peter Pan
Peter Pan's picture

We wouldn't know what has hit us if it wasn't for the Greeks supplying us wiith the words , economy, politics, austerity, problem, ideas, strategy, panic, abyss, cycles, crisis, tyrants, psychopaths, kleptomaniacs and of course apocalypse amongst many others. They have lived through these times 2500 years ago and the solution was a debt write off as has always been the case in history from ancient Mesopotamia through to Argentina.

Tue, 02/07/2012 - 10:40 | 2133666 Bansters-in-my-...
Bansters-in-my- feces's picture

"one in two people and one in three women are unemployed"


So women are not "people" in Greece, or what...???

Tue, 02/07/2012 - 10:51 | 2133698 brooklynlou
brooklynlou's picture

Linguistically no ...

In certain parts of Greece when you introduce your family its perfectly fine to say "I have two kids and a girl" (exo duo paidia kai'na koritsi). Since the girls will get married and take on another family's name, they don't count.   

Tue, 02/07/2012 - 14:35 | 2134606 blueRidgeBoy
blueRidgeBoy's picture

a commenter on ZH who seems to have knowledge, rather than just opinions.  you, sir, must leave immediately.

Tue, 02/07/2012 - 10:41 | 2133668 Element
Element's picture

One way or another things are going to change, because over the next year or so Greece is going to become the first of several failed states inside Europe.  But it's okay, because France will be one of them, and Belgium, and Spain ... actually most of Western, Southern and Eastern Europe will be failed states.

Sort of wonder who's going to supply the emergency wheat shipments to stop Somalia style hunger?

Maybe North Korea can spare some?  ... nah ... it will be the USA, Australia and Russia.

Tue, 02/07/2012 - 10:49 | 2133686 Peter Pan
Peter Pan's picture

There is a disconnect between the demands of the Troika on the one hand and the reality of a dysfunctional economy labouring under extreme recession and general suffering of the populace on the other hand.

The Archimedes and Aristotle that lurks in every Greek has combined maths and logic to conclude that the measures of the Troika will not only fail but will lead to a collapse of their society.

Europe needs to display leadership and disipline but instead is displaying unimaginitive pig headedness that will cause a downward spiral. Europe should have been simply paying Greece's interest bill which would have kept lenders at bay whilst giving Greece an incentive to restructure their bureaucracy and their economy.

Europe thinks they will own Greece by owning her debt. I fear they are more likely to find they are holding a poison chalice.

Tue, 02/07/2012 - 11:01 | 2133727 GeneMarchbanks
GeneMarchbanks's picture

Germans are complacent, they can ill afford to look like the 'bad guy' within Europe again. France and its closeness with the IMF(US) is the large shadow in the background nobody is allowed to mention.

Tue, 02/07/2012 - 10:48 | 2133687 azzhatter
azzhatter's picture

but...but... Herman Von Rumpboy said this is good for Europe

Tue, 02/07/2012 - 11:07 | 2133748 Peter Pan
Peter Pan's picture

I guess that's why things are getting better and better by the day. It's worth watching Farage telling him off in the European parliament. They are all interested in nothing more than their positions and their paypackets and it matters not how many other jobs and paypackets disappear in the process.

Tue, 02/07/2012 - 11:11 | 2133755 youngman
youngman's picture

The Greeks are going to steal the money...I mean get the bailout...they will say anything to get the money..why not...politicians lie all the time...and everyone in the bankers circle get something out of it....its the people that take the hit....stealing is stealing...except for Bankers and Politicians

Tue, 02/07/2012 - 11:16 | 2133778 Treason Season
Treason Season's picture

Hag Kissinger: "The Greek people are anarchic and difficult to tame. For this reason we must strike deep into their cultural roots: perhaps then we can force them to conform. I mean, of course, to strike at their language, their religion, their cultural and historical reserves, so that we can neutralize their ability to develop, to distinguish themselves, or to prevail; thereby removing them as an obstacle to our strategically vital plans in the Balkan"

Tue, 02/07/2012 - 11:27 | 2133828 BlackVoid
BlackVoid's picture

Just win the revolution against the bankers already!

Protesting for months with zero results is DUMB.

Tue, 02/07/2012 - 11:34 | 2133857 mktsrmanipulated
mktsrmanipulated's picture

so let me just check....they are meeting to draft the outcome of austerity or default so they can discuss both WTF are you kidding me the mkt rips on bs draft...just another stalling technique

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