Picture
Aris Messinis / AFP - Getty Images
Listen to some and you might believe that the people of Greece have a life of riley. They will tell you that Greek's retire early, do not pay their proper taxes and more. In truth though many Greeks are experiencing tough financial times. There have been reports of children being abandoned and even the bereaved being unable to afford to bury their dead. With the price of medicines beyond many people's reach, plus medical shortages, the health of Greeks is set to worsen.

Understandably in Greece many people now live in fear. What will the future hold for the young? Will the elderly be forgotten as austerity measures bite? When will the pain end for Greeks?

There is no end in sight. It is a case of tighten your belts further Greeks in order to receive the next financial hand out from the EU. This however cannot continue. It makes no sense. You can only cut so far.

If your household budget needs to be cut you make changes, reducing costs when and where possible, but there must be something left or you will not survive.

Today, November 7, 2012, there have once again been violent protests on the streets of the Greek capital Athens. Petrol bombs have been thrown by protesters and tear gas canisters fired by the police. For the first time in many years water cannons have been used against the protesters. 80,000 people have protested outside of the Greek Parliament ensuring that their representatives know that the people are at breaking point.  Parliament is set to vote on the latest cutbacks deemed necessary by the EU to secure the next bail out. Today the government has been debating the cuts needed. They will involve cuts of €13.5 billion ($17 billion) over the next two years,

If it was not such a sad situation it would be laughable. German leader Angela Merkel will be visiting David Cameron in the UK to reassure him that Britain is needed in the EU. She will tell him that whilst she understands British concerns regarding a proposed increase in the EU budget but that such an increase is necessary.

How ironic, idiotic and obscene. Austerity for the people but not the leaders who must be held responsible for this dire mess.

People in Greece and parts of the EU are being told that they must sign up to austerity measures but  not the EU chiefs. For them it is spend as usual if not more. In the UK there has been an angry response to news that the country will be expected to pay more into the failed EU. An increase in a budget when the people are basically being told "tough" we have no money.

Parliamentary leaders in Greece are stating that they must vote for the austerity measures in order to get the funding needed. They have been told it is their duty to do so. Perhaps their duty to the people who elected them should be their first priority.

When will the EU dismantle? It is long overdue. As Germany tightens the reins on Europe it will soon be the only country with a chance of coming out of this mess unscathed, It will have its future assured with or without the EU. The rest of us will sink.

In the Greek parliament  today employees went on strike to protest cuts to their wages. These were brought in by Finance Minister Yannis Stournaras in an amendment to the austerity bill. Within minutes he withdrew the amendment. One law for some it would seem.

A country and government in disarray, but no-one cares.

Related reading - Greek Barter system
Greek judges want MP salaries cut

 
 
Picture
In May 2012 the Greek people went to the polls. The national election was not due until 2013 but the resignation of former leader George Papandreou meant an early election was necessary. The post of leader was filled temporarily by a technocrat, Mr Lucas Papademos, and he led an interim government,

The Greek people have endured a terrible few years and it looks like it will get worse, before if ever it gets better. In May the people failed to return a majority government. The main players were unable to form a coalition government and so a further election was scheduled for June 2012. This weekend the people will vote once more. Has enough changed to return a majority government this time?

It will be a hard one to call. The Greek people could choose to elect and support a pro-bailout government or an anti-austerity one. It is not a straight forward choice however between the right and the left of politics. The Greek political front runners include communists, the extreme right, socialists, neo nazis and conservatives.

If the vote is split again it will be hard for any party to win through. However since the failed election in May the political front runners have been campaigning hard. Up until the death each party has been trying to win over voters and make that one last push.

Currently many are predicting a win for the liberal conservatives, the New Democracy Party. However some see these politicians at the heart of Greek woes. As the party in office during the economic crisis the New Democracy Party failed to resolve the situation. When it comes to it though will the majority of Greeks see them as the only sensible way forward?

Behind the scenes preparations are underway for an EU exit by Greece, if it is deemed necessary. To the cameras people maintain that Greece will not leave the Eurozone and no EU countries want them to leave. Whether that is what is said behind closed doors is doubtful

Should Greece leave the EU it will be a protracted affair. It will not be easy for any country in Europe and possibly beyond. The economic fall-out will reach far and wide, but what of if they stay?

How much longer can the Eurozone farce continue? One that demands the people suffer whilst the banking sector continues to crumble. One that increases unemployment to disastrous levels? 

Related reading regarding the USA and their involvement with the EU crisis since 2008 here

Tags: Greek election 2012, EU crisis, Greek New Democracy party, second election in Greece, Eurozone exit, Greek politics, Greece

 
 
Picture
Not so long ago it was unthinkable that Greece could leave the Eurozone. Now it seems a distinct possibility. Today IMF chief Christine Legarde has finally voiced the big IF Greece leaves the EU.

Whilst Legarde has continued to maintain that Greece will stay in the EU she has had to recognise that is by no means a certainty. The Greek election gave no political party a clear mandate to rule and successive parties have found it impossible to form a coalition. It now appears that Greeks will go to the polls once more. Perhaps now the gravity of the situation is plain for all to see a higher turnout will follow.

That said, it may not.

So many Greeks obviously feel dispirited with the current political parties of Greece. Even more will be totally disillusioned about the EU and their country's membership. Waiting in the wings of course is German Chancellor Angela Merkel. Like an adept puppeteer she pulls the strings as around her European leaders fall and economies crumble.

Christine Legarde, head of the IMF, today, May 15, 2012, has said that the Eurozone, IMF and Europe must make preparations for if Greece leaves the EU. If they do other countries are sure to follow. As the latest talks to try and form a coalition government fail it has been announced that a new election will be held in June. More expense for the troubled Greek people. Instantly the Greek stock exchange took a tumble. European markets nose dived and the economy has flatlined in response.

A caretaker government will now hold the reins of Greek government until the expected election in June 2012. Greece is not alone as a country in crisis.

Tags:Greek election, Greek coalition, IMF, Christine Legarde, Greece may leave EU, Eurozone