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  #1  
Old 09-26-2012, 02:20 PM
Franc Tireur Franc Tireur is offline
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Thousands protest austerity measures in Greece

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Minor scuffles broke out Wednesday between demonstrators and police in Athens as thousands of Greeks took to the streets to protest new austerity measures that critics describe as draconian.

The daylong general strike is the first called by unions since Greece's new coalition government was formed in June and comes as the country grapples with an economic crisis and heavy debt burden.

Police spokesman Panagiotis Papapetropoulos told CNN that some protesters had thrown Molotov cocktails in Syntagma Square, opposite the Greek parliament building in central Athens. Police responded with tear gas.

Live footage from the square as the trouble briefly flared showed smoke rising from burning tires, as police in riot gear faced hooded protesters lobbing petrol bombs.

Greek minister sees 'great sacrifices' At least 20 people were arrested amid the disorder, Papapetropoulos said.

By late afternoon, the protest had dispersed. Police put the number of demonstrators in Athens at about 35,000; while protest organizers said more than 50,000 people had turned out.

In return for international bailout funds, Greece has agreed to a harsh austerity program and labor market reforms -- measures that have led to violent street demonstrations in the past.

Give Greece more time, says French prime minister

The Greek government is seeking new ways to implement budget cuts of 11.5 billion euros ($14.49 billion) to ensure the country receives another international bailout installment in October.

The one-day strike in protest against further cuts was organized by the two biggest unions in the country, with rallies in a number of cities across Greece, including Patras, west of Athens.

CNN iReporter Costas Liveris, a public worker, was among those taking part in the demonstration in the capital.

Liveris, 36, has been hit hard by the country's economic crisis, losing 50% of his salary and barely clinging to his job as the price of basic foodstuffs continues to rise.

"I'm furious because even after the elections, we got promises but nothing [from the government]," he said. "It's the same policy but just a different party.

"For the last few hours on the protest, me and my colleagues discussed how disappointed we are. We have no hope."
http://www.cnn.com/2012/09/26/world/...sts/index.html


Nigel Farage: The Euro Crisis Is Entering The End Game
http://www.businessinsider.com/nigel...nd-game-2012-9

Do you think that the Europeen countries are going to fail one by one?
 
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  #2  
Old 09-26-2012, 08:04 PM
Franc Tireur Franc Tireur is offline
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Spain is sending Europe a message. Is anyone listening?

Spain's slow motion implosion seems to indicate that things will have to get much worse before eurozone leaders are willing to swallow their pride to make things better.

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From riots in Madrid to talk of secession in Barcelona, Spain appears to be teetering on the edge of political and economic ruin as the European debt crisis intensifies. While the European Central Bank's revamped bond buying scheme unveiled last month was successful in keeping the eurozone together temporarily, the structural deficiencies inside member states, like Spain, continue to fester, threatening to rot the eurozone from the inside out.

Europe and Spain will continue down this autopista of economic tears until they are both willing to make the tough sacrifices that come with establishing a more coherent political and economic union.

But Spain's slow motion implosion seems to indicate that things will have to get much worse before eurozone leaders are willing to swallow their pride to make things better.

The ECB's bond scheme bought the continent some time to get its act together, but that time seems to be fading much faster than anyone had predicted. Spain's economic troubles are boiling over as its economy stalls, creating civil unrest and exposing old political cleavages threatening the nation's sovereign integrity.
http://finance.fortune.cnn.com/2012/...in-euro-crisis
 
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