If he can see all of this why can’t EU leaders such as Angela Merkel and others?
Well in truth they will be able to see reality but for various reasons choose to ignore it. Such is the EU that each country has become intertwined. So much so that such a thing as a bad economy in one country could cause many countries to fall. The dreaded Domino effect.
Today, October 18, 2011 the head of the huge Public Sector Union in Greece has aired his views. Costas Tsikrikas, head of the 500,000-strong ADEDY union
said that Greece is set to fall into a "death spiral" if more cuts and restrictions are put in place. He accused George Papandreou's Socialist government of blindly falling destructive plans. Coasts said that such strict measures would ultimately plunge Greece into a deeper recession and set them on a downward spiral to more debt and despair.
Urging those who have the power to vote against these measures Mr Tsikrikas said, “This will exacerbate recession, unemployment and state revenues will continue to fall, creating a death spiral. It must not continue. The government has to call on the rich to contribute. Workers look more like squeezed lemons now, they can't take it anymore. The state must take the money from those who have the income to pay the taxes. The rich, the big companies that use the workforce of this country. Don't they owe the country and its people something? People are right to want justice, the burden equally shared, a just tax system and a crackdown on tax evasion."
As some of the poorer paid public sector workers face what in effect is a 40% pay cut it seems obvious that such cuts must include everyone and be fair to all Greeks.
Greece faces a 48 hour strike which has been scheduled for tomorrow and Thursday, October 19 and 20, 2011. The timing is to coincide with the Greek government’s vote on the latest austerity measures. Already today, Tuesday October 18 railway workers and journalists, joined ferry crews, garbage collectors, tax officials and lawyers in the planned action.
For many the big question is can the Greek Prime Minister, George Papandreou, cling to power let alone ensure the package of austerity measures are passed?