Greeks skeptical on euro deal

This is a video on the 19-20 October strikes in Greece.

From daily The Morning Star in Britain:

EU debt deal ‘won’t resolve crisis’

Thursday 27 October 2011

Greece‘s stock market rose sharply today after European Union leaders reached a debt deal – but a top communist said it would not end the country’s crisis.

Banks and insurers will have to accept a 50 per cent loss on their Greek government bonds under the deal, reducing Athens’s debt by €100 billion (£88bn).

French Finance Minister Francois Baroin said the agreement had saved the euro.

But Greek Communist Party general secretary and MP Aleka Papariga said the deal was a shabby compromise between the EU and banks that “will not resolve the crisis or achieve growth.”

Ms Papariga predicted that the deal will pave the way for yet more austerity measures to be foisted on working people.

And University of Athens economics professor Yanis Varoufakis said: “There’s absolutely nothing in the package that was agreed that gives us even a modicum of hope that anything along the lines of economic development is happening.

“We will have more austerity and more wishful thinking in terms of how much liquidity can be extracted from the Greek economy.”

Teacher Pantelis Abeloyannis, a father of three who is struggling to make ends meet and pay his mortgage, said: “I don’t feel saved.

“The banks are not paying for us tomorrow – they are just returning a part of the profit they have made from us all these years.”

Greece: National Day Parades Turn into Protests with Eggs, Yogurts and Black Flags (pcts, videos): here.

Papandreou Co-Opted “Revolution” – Now, the Greek People Must Reclaim It. Panayota Gounari, Truthout: “Re-appropriating and distorting the word ‘revolution,’ the government set the stage for the most neoliberal, antisocial and authoritarian policies the country has ever witnessed in its history (and Greece was under a colonels’ dictatorship between 1967 and 1974). There is something to be said when the word ‘revolution’ is used to signify the overthrow of democracy and the abolition of the constitution and of any justice principle”: here.

Savage Greek property tax provokes mass revolt: here.

2 thoughts on “Greeks skeptical on euro deal

  1. Pingback: Greek colonels’ coup to impose austerity? | Dear Kitty. Some blog

  2. Pingback: Greek referendum on cuts? | Dear Kitty. Some blog

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