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Greeks Take to the Streets

Posted on May 1, 2010

Protesters wave a banner in Athens that reads “Marx was right!”

Thousands of angry Greeks took to the streets on May Day, protesting a wave of wage cuts, tax increases and pension reductions implemented to deal with the country’s growing debt crisis.

The government is turning the screws on spending in exchange for an EU/IMF bailout package of up to $120 billion. —JCL

Al Jazeera English:

Riot police have clashed with Greek demonstrators angry about planned wage cuts, tax rises and pension reductions to be implemented to tackle the country’s debt crisis. ??
Thousands of left-wing demonstrators and labour union members descended on Athens, the capital, on Saturday for a May Day march against the so-called austerity measures.

Police fired tear gas into the crowds after protesters hurled rocks at the finance minister, where European Union and International Monetary Fund (IMF) officials have been meeting to discuss a bailout for the beleaguered euro zone nation.

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By Abhishek, May 2, 2010 at 12:39 pm Link to this comment
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This restructuring which would require “sacrifices” to be made by the Greek people and not by the financial institutions . I wonder if Germany,France and other EU members really bailed out Greece or they bailed out their own financial sectors which had a significant Greek exposure. Guess who will be the main winners/losers of this bailout script. As usual Winners – Financial Institutions , Losers – Common people . Note there is a separate package to rescue Greek banks as well but not much of a package for the Greek people for whose ostensible benefit this package is designed to be.

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By DaveZx3, May 2, 2010 at 12:15 am Link to this comment

Greece leads the way.  Others to follow soon. 

Borrowing to pay day-to-day expenses gets individuals and nations in trouble.  We will all soon follow Greece into that big sucking whirlpool of the global elite, represented by the IMF.

The globalists have already commissoned detailed, itemized appraisals of the value of each nation, including all public and private property, livestock, and the value of human labor. 

Eventually IMF will have us all in that undesirable position of the mortgaged homeowner that owes the bank $200,000 on a house that is now appraised at $100,000.  We will owe them, and they will own us.

Believe it or not, this was the type of warfare which was theorized just after WWII, when the global elite deduced that it was virtually impossible to rule the world through military means, and they embarked on a plan to do it through economic means.  I read some declassified details on some of these meetings years ago.  They were a novelty to me then, but it is really, exactly what is now happening.

Using credit instead of bullets and bombs, they will eventually have us all under control. 

What is amazing is that in the face of virtual bankruptcy, people still insist on avoiding any austerity measures.  The whole thing is really surreal in its playing out. 

Suffice it to say, slavery and bondage come in all flavors, and one of the most bitter to swallow is uncontrollable debt.  I have been through it, with the bill collectors calling up one after the other while you are trying to eat dinner.  It is a depressing way to live. 

How can anyone not admit that the biggest priority we have in this country today is to get out of debt and stay out of debt.  Immediately. 

Being the conservative that I am, I am against higher taxes, but I would definitely support an interim flat tax at a rate which would pay off this debt in the quickest way possible.  I would even agree to some very higher tiers for the ultra wealthy, so they could demonstrate their sincerity and thankfulness for the country which made their riches possible. 


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By jack, May 1, 2010 at 8:57 pm Link to this comment
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Global financiers are behind it, the goal: drive down living standards and fail all
self determinacy - nothing but failed states -  working people the world over, on
our knees begging for protection, begging for survival - a global state of

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By Commune115, May 1, 2010 at 12:26 pm Link to this comment

All power to the Greek workers!

May the Greek Revolution come soon and spread!

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By yours truly, May 1, 2010 at 11:44 am Link to this comment
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Will history record that the Greeks were a vanguard people who, rather than submit to the enlavement of neoliberal “structural adjustment” measures, rose up en masse and took over their nation, with the rest of Europe soon to follow?

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