The only miracle most Greek can see is how anyone could possibly believe that the current government's policies will bring anything other than economic stagnation and massive poverty.
Showing posts with label austerity package. Show all posts
Showing posts with label austerity package. Show all posts
Wednesday, 13 April 2011
Thursday, 6 May 2010
Greece mourns loss of three bank workers lost in arson attack
Last night my dreams were full of smoke, flame and screams. I slept fitfully and when I woke I felt a sadness that I could not place till I remembered the tragic deaths of three people in a branch of Marfin bank in Athens yesterday after a group of people smashed the bank windows on the ground floor, poured petrol into it and set fire to the building. As a result three employees, including a pregnant woman died of asphyxiation. Everyone I know, everyone who has heard the news is in a state of shock, mourning those who were lost in such a senseless manner.
When the news first hit the internet, Twitter was full of wild rumours and speculation, some argued that the deaths were just black propaganda or the work of agent provocateurs intent on discrediting the anti-government demonstrations. Others still insisted that the real target of the arsonists were the archives of the government's anti-fraud agency which supposedly has offices in the same building. As time passed and the details of the tragedy came to light the rumours were quietly replaced by the realisation that the attack and deaths were most probably the result of that most deadly of human traits, stupidity. Those who set fire to the bank saw a target and give little or no heed to the possibility that people were inside.
This is not to say they are not responsible for their actions and I sincerely hope that they are caught and receive the punishment they so richly deserve.
On the other hand there is great sadness amongst those who took part in yesterday's demonstrations that this brutal act has allowed the local media to shift attention from the demands of the hundreds of thousands who took part in the marches onto those responsible for the deaths and so tar legitimate opposition to the austerity package with the actions of a handful of murderous morons.
Despite the attempts by the local media and especially the country's TV channels to present the massive cuts in income and jobs as inevitable the reality remains that the majority of Greeks are unwilling to sacrifice so much in order to pay debts racked up by the current economic and political systems which is already creaking under the weight of the anger that is building up. Today the Greek parliament will most probably vote in favour of the IMF-EU bailout plan but that is almost irrevelent as what really matters is the ability of the ruling PASOK government to implement the measures in the face of opposition from virtually every sector of society, to impose a cut in living standards unprecedented not just in post war Greek society but in the post - war history of western Europe.
Even within PASOK itself resistance to the measures is growing and how long prime minister Giorgos Papandreou will be able to maintain party discipline is a matter of doubt. More fundamentally the current political leadership does not have the moral clout to demand so much of the Greek people when it has been mired so deeply in corruption and scandal. The role of leading PASOK politicians in the Siemens, Daimler and Krupps corruption cases has yet to be satisfactorily resolved and there is a widespread belief that the hundreds of billions destined for Greece will just be used by the political elite to line their pockets and pay off political favours.
Yet it is not business as usual in Greece as people are starting to realise. The rage felt has momentarily subsided replaced by grief over yesterday's awful events but that will be just a brief respite for the government as the underlaying causes of popular anger still remain. When you see a woman pensioner, apoplectic with rage, using virtually every swear word available in the Greek canon to insult police menacing protest marchers then you know that Greece is undergoing a profound sea change.
When the news first hit the internet, Twitter was full of wild rumours and speculation, some argued that the deaths were just black propaganda or the work of agent provocateurs intent on discrediting the anti-government demonstrations. Others still insisted that the real target of the arsonists were the archives of the government's anti-fraud agency which supposedly has offices in the same building. As time passed and the details of the tragedy came to light the rumours were quietly replaced by the realisation that the attack and deaths were most probably the result of that most deadly of human traits, stupidity. Those who set fire to the bank saw a target and give little or no heed to the possibility that people were inside.
This is not to say they are not responsible for their actions and I sincerely hope that they are caught and receive the punishment they so richly deserve.
On the other hand there is great sadness amongst those who took part in yesterday's demonstrations that this brutal act has allowed the local media to shift attention from the demands of the hundreds of thousands who took part in the marches onto those responsible for the deaths and so tar legitimate opposition to the austerity package with the actions of a handful of murderous morons.
Despite the attempts by the local media and especially the country's TV channels to present the massive cuts in income and jobs as inevitable the reality remains that the majority of Greeks are unwilling to sacrifice so much in order to pay debts racked up by the current economic and political systems which is already creaking under the weight of the anger that is building up. Today the Greek parliament will most probably vote in favour of the IMF-EU bailout plan but that is almost irrevelent as what really matters is the ability of the ruling PASOK government to implement the measures in the face of opposition from virtually every sector of society, to impose a cut in living standards unprecedented not just in post war Greek society but in the post - war history of western Europe.
Even within PASOK itself resistance to the measures is growing and how long prime minister Giorgos Papandreou will be able to maintain party discipline is a matter of doubt. More fundamentally the current political leadership does not have the moral clout to demand so much of the Greek people when it has been mired so deeply in corruption and scandal. The role of leading PASOK politicians in the Siemens, Daimler and Krupps corruption cases has yet to be satisfactorily resolved and there is a widespread belief that the hundreds of billions destined for Greece will just be used by the political elite to line their pockets and pay off political favours.
Yet it is not business as usual in Greece as people are starting to realise. The rage felt has momentarily subsided replaced by grief over yesterday's awful events but that will be just a brief respite for the government as the underlaying causes of popular anger still remain. When you see a woman pensioner, apoplectic with rage, using virtually every swear word available in the Greek canon to insult police menacing protest marchers then you know that Greece is undergoing a profound sea change.
Wednesday, 5 May 2010
Monday, 3 May 2010
Greeks angry over price hikes in wake of austerity package
Greeks angry over price hikes in wake of austerity package, originally uploaded by Teacher Dude's BBQ.
As well as cuts in wages and pensions Greeks are also reeling from massive price hikes in basic goods and services.
In the country's second city, Thessaloniki there was anger and minor scuffles outside the bus company offices when long lines of commuters queued, forced to upgrade tickest and pay the difference.
Members of Akrivia - Stop ("Stop rising prices") staged a ticket boycott and called upon passengers to refuse to buy tickets today in protest against what it called unjustisfiable increases in a time of economic crisis.
Austerity package details bring Greeks out on the streets again tonight
Austerity package details bring Greeks out on the streets again tonight, originally uploaded by Teacher Dude's BBQ.
Just hours after Athens revealed the final details of the country's $140 billion dollar rescue package about 1,000 people took to the streets of Greece's second city in protest over cuts in jobs and wages which accompany the deal. Closely followed by platoons of riot police marchers went through the city centre calling for the overthrow of the government and for Greeks to refuse to pay back debts. Despite some tense scenes the march passed off without incident.
Monday, 8 March 2010
Greece set to explode over austerity package
On Wednesday the Greek government announced its long awaited package of economic measures to deal with the financial crisis the country has been facing since the discovery that the previous conservative government under prime minister Kostas Karamanlis had systematically lied about the country's debt load,. At the beginning of 2009 the Greek minister for finance, Yiannis Papathanasiou confidently predicted that Athens public lending requirements would not go above 3% of GNP, a figure that gradually creeped up over the following months.
However, no one, including Greece's EU partners nor the international money markets were quite ready for the real figure of 12.3% which only came to light following the crushing defeat of New Democracy in the October general elections.
On taking power Giorgos Papandreou, like president Barack Obama immediately found himself in the middle of an economic maelstrom unprecedented in recent history. Unlike America, Greece's chronically weak economy combined with a history of fiscal deception and misinformation meant that newly elected socialist PASOK party had very little room for manouevre with state coffers empty and debt repayments looming. A situation not aided by the role of speculators who saw in Greece a way of exploiting fears about the Euro and so bet on the currency losing value.
The upshot of the crisis is that a socialist government elected on a platform of social reform and aid to the poorest is currently attempting to implement a conservative fiscal reforms which are straight out the Thatcher - Friedman play book and so achieve in five weeks that which the previous right wing administration failed to do in five years in power.
Already swingeing price hikes in the cost of petrol, VAT and and the promise of wage cuts across the board have produced a wave of strike actions and protests. And this is just the beginning. Last weeks marches were marked by violent confrontations between marchers and the riots police who, despite orders by the Minister of the Protection of the Citizen, Mihalis Chrysohoidis used tear gas to disperse those present.
In scene reminiscent of December 2008 the heart of Athens once more resembled a war zone. In addition trade unionists and left wing protesters attempted to storm the ex-ministry of Macedonia and Thrace in Thessaloniki, Greece's second largest city. Like the 2008's outbreak of violence the confrontation are being fueled by a deep sense of outrage and injustice and are drawing support from a wider cross section of society. Enraged pensioners are just as likely to take part in these protests as disenfrancised youths.
As the austerity package starts to bite and the knock on effect of such a drastic change in the economy is reflected in skyrocketing unemployment then these clashes are set to increase in both size and intensity as more and more people take to the streets to voice their disagreement.Next week the country's trade unions have declared another general strike and with the work stoppages are planning public demonstrations which are likely to see a repeat of last Friday's violence.
At the heart of the protests lies the belief that while the country is indeed corrupt and that the public service is bloated and inefficient billions of euros has been siphoned off illegally and that the man in the street is being asked to pay for the folly of the local economic and political elites who have used their power to get rich at the cost of the rest of the country.
The fact that the PASOK politicians asking Greeks to make sacrifices have been repeatedly embroiled in corruption and bribery scandals has done little to convince voters to accept such painful cuts. Over the last decades members of both main parties, New Democracy and PASOK have been accused of a seemingly endless list of scandals involving corruption and influence peddling yet not one MP has ever been convicted or gone to jail. In such a climate of lawlessness where those in power seem able to float the law with impunity few have the moral stature to ask ordinary Greeks to give up so much in such a short time frame.
Although untouched by scandal personally, Prime minister Giorgos Papandreou's party is currently facing allegations that the German Siemens electronics corporation paid bribes to high ranking PASOK officials in order to win contracts for the 2004 Olympic Games held in Athens.
The Games which cost three times the previous ones in Sydney provide an insight into how the present economic crisis came about. Massive cost over runs, lack of transparency over contracts and a legacy of expensive facilities which lie rotting and unused across Athens are testiment to Greece's system of crony capitalism where efficiency, cost, competion, and innovation count for very little in an economy where political favours, kick backs and bribery are the rule rather than the exception.
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