7

Bank torched, three dead in protests

Greek Prime Minister denounces “murders”


 

Three Greek bank workers are dead after their building was set aflame during protests against measures to cut government spending. “A demonstration is one thing and murder is quite another,” said Prime Minister George Papandreou, who vowed to find the people responsible. Tens of thousands participated in the national strike against the austerity measures, which include hiking taxes and slashing salaries and pensions for civil servants in order to in order to get a $144 billion bailout from the IMF and other countries. The protesters shouted “murderers” and “burn the parliament” as masked teens threw rocks at police and officers responded with tear gas. “Nothing less than the future of Europe … is at stake,” said German Chancellor Angela Merkel, whose country is slated to give Greece up to $18.5 billion. “We are at a fork in the road.”

The Globe and Mail


 
Filed under:

Bank torched, three dead in protests

  1. Greek Prime Minister denounces “murders”

    The politically slanted Need-To-Know Headline writer strikes again. It's not "murders" in quotes, it's murders. There's no ambiguity or controversy about whether these were murders.

    • I suspect there will be more losses like this, as well. Good on you for calling it what it is.

  2. “Nothing less than the future of Europe … is at stake,” said German Chancellor Angela Merkel, whose country is slated to give Greece up to $18.5 billion. “We are at a fork in the road.”

    Indeed. The further impoverishing of the Europe that actually does work, in order to sustain still further the Europe that doesn't, makes for a rather unattractive future, indeed. I have Portugal on line two, Italy on line three…

    Y'know, Chancellor Merkel, if the Greeks don't appreciate your money, I have a free suggestion.

  3. The Greeks don't seem to understand that the Germans, who are faced with cuts regardless, don't see why they should bail out a country where tax cheating seems to be a national passtime. What if no one came to Greece's rescue–wouldn't it be rather like a province which was allowed to stew for a bit? One point that many articles including this one miss is that the major beneficiaries won''t be the Greeks but German and especially French banks which invested heavily and encouraged Greek punters, and all the while European ratings agencies rated Greek bonds as low risk. A familiar ring, and especially ironic as this last ratings debacle occurred after the junk bond credit default swap legerdemain. Of course all the rioting Greek civil servants could try working in the public sector………….one can imagine a sit com based on their
    arrival at a work place such as Mercedes –a Zorba the Greek in reverse.

  4. Sorry, I meant Greek civil servants working in the private sector………….the rage the students must feel at facing the end of lifetime grants, too……

  5. Socialism at it's worst!

  6. Its only the beginning, and its not going to be just Europe.

Sign in to comment.