Greek MPs ignored a 48-hour general strike, the first in the country in decades, and a march of nearly 100,000 on the Parliament building, by preparing to approve another round of austerity measures that continue to cripple the world’s oldest democracy. An initial test vote on the austerity bill passed 154-141, along party lines. The ruling PASOK only has an 8-vote majority among the 300-seat Parliament.
The demonstrations yesterday devolved into overnight street fighting, featuring tear gas volleys by police, and rocks and petrol bombs from demonstrators. Protesters reached the Parliament steps before being repelled, and the main squares in Athens, along with several shops and banks, blazed through the night. The scene in Athens gives the feeling of a final war for democracy, between a government at the direction of the EU and the IMF, and a public that wants their representatives to be so scared that they would not dare consign them to a life of poverty. This gives you a sense of the desperation in Greece:
“Those who are really responsible for this crisis, the rich, the tax evaders, the 300 people who sit in that parliament, have never been made to pay,” said a contract worker in the public sector who gave his name only as Giorgos. “Sadly I think the time has come for blood to be shed. Every time we protest peacefully more cuts are made and they are always at the expense of workers. As one of our great singers said, it’s only with fire and knives that men progress. People will have to die if we are going to stop these dreadful policies.”
The real drama, he said, would be seen on Thursday when communist militants have vowed to form a human chain around parliament come what may.
“Today is the practice run. The day of the vote will be the day we resist.”
The new austerity measures include 30,000 public sector job suspensions (a prelude to layoffs after a year, with a 60% reduction in salary in the interim), reductions in public sector pay and pensions of up to 20%, a suspension of collective bargaining, and tax increases on the poor with the tax-free threshold lowered to EUR 5,000 from EUR 8,000. Greek leaders continue to profess the necessity of these measures to receive bailout funds and avert disaster, as the country is locked out of the long-term credit markets and unable to pay its bills. Some PASOK MPs say they may vote against certain of the austerity provisions. But most will put their heads down and vote for austerity, as the EU and IMF demand. The 100,000 in the streets do not hold such sway.
European leaders, meanwhile, continue to meet over a comprehensive solution to the euro crisis, which could include creditors taking a larger haircut on Greek debt. Analysts are concerned that the bank recapitalization is being lowballed, insufficient to cover what is at the root a banking crisis.
But the human suffering being caused, on its most salient display is Greece, is at the forefront today, hours away from more depression-causing austerity. It’s a reminder that protest movements, be they chaotic and haphazard or well thought-out, will not follow a straight line to success. Especially when there’s so much money and power on the other side.



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As goes Greece, so goes the rest of the world.
Nothing like the PTB purposefully putting their people further behind economically so that the banks get to keep avoiding their own role in the problems
I wonder what ever happened to the idea of banks and “risk takers” paying the price when their “risks” blow up in their faces?
Europe’s political class, like ours, feels no loyalty to their own citizens. They’re sock puppets for the banksters, pure and simple.
This is very similar to the very angry people who got swindled by Bernie Maddoff. If a bigger group, I am sure they would have rioted too.
It is very frustrating when you find you’ve been swindled and your dreams of a better life are dashed on the false promises of others. When you find their math just doesn’t work out, even though they promised it would.
Sadly, they are not able to print money to paper over the problem like we can.
That might work. If we make the banks eat the debt, that would be great. But, wait, the banks are only using our money to re-lend. No matter, we don’t need to get our deposit money back.
We’ll take it our of their personal stash. Oh, their personal stash wouldn’t cover even a tiny part of it? Like I said, we don’t need our deposits back anyway.
Time for NATO forces to step in for humanitarian reasons.
“Especially when there’s so much money and power on the other side.”
This reminded me of the thinking in Europe before WWI that the European powers would never go to war amongst themselves again because they were so economically intertwined. A few years later the status quo was flat on its back, monarchies were gone, and new and terrifying governments were in the process of forming. Nothing stays the same, and all things change.
Yep. And the whole European unification program was oriented toward no more wars of European states against each other.
I was known to have said: Guess they never heard of civil wars.
They, the TBTF, are the ultimate socialists. They have completely socialized their losses while managing to privatize all of their gains.
On edit – I must apologize to intelligent socialists everywhere. I’m sorry.
Apparently there is a lot of discontent regarding the unification right now for a variety of reasons. I imagine it would be hard to untangle it at this point.
Time for the Greeks to give the finger to the EU, pull out of it, reinstate the Drachma, and start over.
Agreed.
The last thing anyone needs is protestors or government officials dying in the streets.
They have to arrest control of their government first.
Must be time for a full scale war to disentangle European Union.
It begs the question as to whether or not people think American politicians are more or less corrupt, malevolent, beholden or apathetic than their Greek counterparts.
Because if American politicians and the structures of power here in the U.S. are even more entrenched than those in Greece, then the Greeks are only showing us the very earliest starts of the necessary escalation required by protests in the U.S. to get any traction for change.
Greece is bearing witness to the fact that parliamentary democracy can be nothing but a cloak for de facto dictatorship. A unambiguous majority of Greeks are opposed to further austerity measures and millions have put their bodies on the line, have protested in the streets, organized in their towns, and gone on strike to publicly demonstrate that fact – and they have been completely disobeyed by their ostensible representatives.
In the end, our political leaders serve the interests of the corporate oligarchs first and foremost. Even so, the only hope we have is to continue to build organization and mass power to wring reforms out of the ruling class. It may be, however, that one such ruling elite will need to be overthrown outright before their counterparts in other nations recognize the need for social democracy again.
If the Greek people took over their Government from the 1% and their enablers and decided to start over what would happen? Would NATO send troops to collect would the Banks representing the wealthy start sanctions? Could we do that in the U.S.? What would our debtors do if we did a Harrisburg?
I heard a story on Radio-Canada yesterday about a massive brain drain from Greece now under way. Because of the common market, young (and older) Greeks don’t need passports to work in other EU countries. The educated ones don’t see a future (government employment was one of the big outlets for educated professionals), and the others just want to get out to where there are jobs. The Deutsche Institut (where they teach German) is way oversubscribed. There is also a massive demand for Australian work visas.
I don’t think the PTB figured this out — just like they didn’t figure out a lot of things. If you have an open economy, it’s not just goods and capital than can move around, people can, too. All they are doing is shifting the unemployment from Greece to the core, and there’s nothing they can do about it.
I feel a bit like DeLong. When are we going to get a better set of policy economists (who actually understand economics in the large rather than just the miniscule).
just keep passing those laws while the country descends into anarchy
nero comes to mind
i feel for the greek people
OWS and the Greek protests are completely interrelated. OWS and the worldwide movement it has generated gives strength to the Greek protests. Greece looks like the focal point where the people may crack the power of the PTB.
All they have to do is boycott German cars.
They have a better chance of changing their government than we do. I wish them luck.
So true! Even the head of PIMCO was publicly saying if we don’t start favoring labor over capital we are lost.
According to a greek website
violence between opposing factions of protesters has resulted in a death. A cautionary lesson. I’m sure the troika welcomes the ‘fight amongst yourselves’ diversion. Also check out this extensive photo log . Professional photographer’s viewpoint seems to be very focused. Occupy Anywhere, beware. Ignored, then laughed at, now the fight has started.
Links didn’t work.
http://www.athensnews.gr/portal/1/49312
http://www.naftemporiki.gr/photos/slideshow.asp?id=43214
North Americans who think it is time to “shed some blood” might want to take a close look at what happens next in Greece.
Greek people who want to throw off the shackles of their overlords might want to look at what happened in 1776 in North America.
Take heart. G5 countries’ economies are not long for this world. Thankfully the rest of the world has already taken steps to see that their failure does not destroy the world
Be love and light, and know that this form of government throughout the world (by the banksters) will not last much longer.
I have not been paying attention to this latest round of “Greek reform” demanded by Germany – tax-free threshold lowered to EUR 5,000 from EUR 8,000 sucks.
Thanks for catching that change – I don’t know how you keep up with this stuff, David!
The rest of the changes actually are reasonable – public sector pay and pensions of up to 20% reflect the ease of any profession getting itself called “hazardous” and thus a retire at 50 job – such as “hairdresser” being a retire at 50 job (Gov workers lost retire at 50 back in 1992 for new hires, but the game continued for non-government folks. The salary run up with the change to the Euro in 2001 was not justified (but used by the then conservative controlled government to buy votes) and the cut just restores the situation to the wages of a few years ago.
The tax collection scandal of never chasing the upper middle class or the rich for taxes, resulting in only 33% of what is owed being paid, is not even addressed. But there can be no further austerity measures beyond tax enforcement – the people will not accept it and will demand default.
Meanwhile one part of the demonstrators is throwing petrol bombs at other parts of the demonstrators because they disagree on a few political points (perhaps planted by the right wing to discredit – I don’t know). I prefer OWS and its peaceful approach.
have you ever been shot, or stabbed? been beaten up, set on fire, limbs cut off? blinded? raped?
all of these things happen when “blood is shed”
have you even seen any of those things happen?
this site is infested with people like you, who don’t have either the experience, or the imagination, to understand what this would mean.
you’re all stupid. you don’t have the faintest idea what you are advocating.
your no different than gun toting types on the extreme right.
Your interpretation of my comment is way off; please look at my previous comments. Never have I advocted for violence but I observe and have studied history enough to be able to refer to it as events relate to present day. I saw video of violence in Greece does that count?
The basic problem in Greece is that people just do not work hard enough,retire too early and have an aversion to paying taxes.The average Greek would much rather drink coffee at a sidewalk cafe and pontificate than go to work and work hard like Americans and Germans,for instance and of course,like Chinese and Japanese people.
And pretending that every social advancement in history could have come about through wholly non-violent means is tantamount to pretending that a magical unicorn is going to descend from the skies and donkey-kick all the malefactors out of power for you.
The question remains. Are the power structures of the U.S. more or less entrenched than those in Greece? Are they more or less responsive to peaceful public protest?
If the answer to either of those is, “more”, then we’ll know full well that Americans will have to be willing to push at least as hard as the Greeks to create any change.
It’s pretty simple.