Sunday, February 12, 2012

Athens Protests: Lawmakers Prepare to Endorse Austerity Measures on Greece

Link to article

"As MPs prepared to vote on an EU/IMF bailout to save Greece from a messy bankruptcy, buildings nearby were engulfed in flames and huge plumes of smoke rose in the night sky.

Youths fought with police outside parliament for hours. Legislators are hoping to secure the deeply unpopular multi-billion-euro bailout and avert what Prime Minister Lucas Papademos warned would be 'economic chaos.'"

The longer the Greek government continues propping up the budget with loans from the European Central Bank and others, the worse Greece's debt will be.  The people know that.  The bailouts are hugely unpopular and yet the Greek government is colluding with the EU to screw the Greek people further.  To top it off, Athens is the historical origins of democracy which makes this crisis ironic.

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