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Ear to the Ground

Greek Financial Crisis Hits Poor

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Posted on Apr 2, 2010
AP / Petros Giannakouris

A protesting firefighter holds a flare during a March 23 demonstration against the Greek government’s austerity measures in Athens.

The origins of Greece’s economic crisis lie with the recklessness of the rich, but the consequences are directly affecting the poor: A new poll shows that three-quarters of the Greek population believe that the current plans to cut the country’s budget deficit are “socially unfair.”

The austerity measures, which many believe are aimed at low-income earners, came after considerable pressure from other European countries. —JCL

Al-Jazeera English:

Three-quarters of Greeks think that government plans to cut the country’s huge budget deficit are “socially unfair” because they are aimed at low-income earners, a poll has showed.

The survey results also revealed that nearly half of Greeks did not view a recently agreed EU emergency finance mechanism, arranged to provide a safety net for Greece’s debts, as positive.

Facing rising borrowing costs and pressure from its eurozone peers, the Socialist-led government has cut public wages, frozen pensions and raised taxes to cut the budget gap by almost a third to 8.7 per cent of gross domestic product (GDP).

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By Sebring, June 18, 2011 at 6:06 pm Link to this comment
(Unregistered commenter)

Most of protests are Staged and very well Orchestrated, they pretend fighting but do not hurt each other. This is worth it to get hundreds of billions from EU. Greeks are very smart; the deception started with the Trojan Horse and is going on with very well orchestrated “PROTESTS”. If you want Greece to be paid off, for the Enormous Army, Universal Free Health Care, Lucrative Pensions, and Taxes that they never Pay, then you pay them by yourself, PAY THEM OFF, BY YOUR OWN POCKET.

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By Trade Finance, April 24, 2011 at 9:00 pm Link to this comment

Trade finance across the capitalist world continues to raise concerns for the future wealth and well-being of many families. 2011 and the issues of unemployment, housing and safety continue to cause havoc for many governments, including Greece.

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By Antinazionista, April 5, 2010 at 9:38 pm Link to this comment

And yet, Afraid de Generate, we just keep coming back
to the fact that Greece (you carelessly mis-quote
‘Greeks’) shockingly and despite the evident
‘industry’ of the people, was, is and will be a net
taker, a parasite, if you will, on the body of the
EU. It just doesn’t add up does it.

“The view from Skopje, with venom sapping the brain,
can be very distorting, but always knee-jerk,
predictable, and irrelevant.”

LOL, first off I’m British (ergo objective), secondly
my wife is Greek (and shares my ‘racist’ beleifs), so
I suppose, like Zionist Jews - confronted with
inconvenient realities, you would call her a self-
hating Greek; and thirdly, you really ought to be
careful making remarks like that about Macedonians,
some might consider them racist, and you wouldn’t
want to be hypocritical now would you.

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By Alfred di Genis, April 5, 2010 at 9:55 am Link to this comment
(Unregistered commenter)

http://www.truthdig.com/report/item/greece_isnt_europes_only_problem_20100330/

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By Alfred di genis, April 5, 2010 at 6:10 am Link to this comment
(Unregistered commenter)

Calling a people “Parasites,” as you did the Greeks, Nazionista,has nothing to do with “objective criticism” and everything to do with ignorant racism. If you can regain your composure, you will see that the stats Showing that Greeks work longer hours than the Irish and the Germans are the EU’s, not Greece’s and are determined by Commission technical assessment. Greece has been a parliamentary democracy since the 1830s, longer than some “orderly” northern European nations and much longer than the other countries in her unstable neighbourhood. All you offer is invective and the “fact” that you “know Greece very well,” The view from Skopje, with venom sapping the brain, can be very distorting, but always knee-jerk, predictable, and irrelevant.

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By Antinazionista, April 4, 2010 at 8:38 pm Link to this comment

Indeed, according to your link Greeks are more
industrious, not only than the Irish, but also the
Germans. So either they’re AT work, but producing
next to nothing, or the Greek department of
statistics is, shall we say ‘economic with the
truth’. Either way, the result is an economic basket
case, that despite all the charity given to it by
hard-working and productive tax-payers from uncorrupt
north European countries, remains after all these
years, a drain on the rest of Europe. The Germans are
quite right, let Greece fix it’s own problems, enough
is enough.

There are many great things about Greece and Greeks,
it’s just industry and clean government are not
instinctive there. Your constant mantra that this
kind of criticism is ‘racist’, is just a feeble way
of deflecting an uncomfortable truth.

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By Alfred di Genis, April 4, 2010 at 1:52 am Link to this comment
(Unregistered commenter)

The following link charts working time in EU states. Compare Greece with Ireland and Germany:

http://www.euractiv.com/en/socialeurope/europeans-industrious-reputation/article-157639

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By Alfred di Genis, April 4, 2010 at 1:35 am Link to this comment
(Unregistered commenter)

Ant. said: “There’s a politically
incorrect reason for that - Greek culture/society is
not known for it’s hard work,”

In fact, EU statistics show that Greeks work longer hours than Germans and longer than workers of practically every other EU state. The problem in Greece is efficiency, not effort. Many people hold down two jobs.

The tremendous progress made by Greece from membership of the EU is confirmed by statistics and verified by observation. Again, because Greece’s standard of living was below Ireland’s, the degree of change was even greater in Greece than it was in the Irish Republic. The same can be said of Portugal and, to some extent, even of Spain.

Antinazionista’s racist remarks were not limited to Greece, but included the varied countries and peoples of “The Balkans” (see his first post below).

Hatred is a suspect basis for “objective” analysis.

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By Antinazionista, April 3, 2010 at 6:55 pm Link to this comment

@Alfred di genis

“Racism is always an easy response and the first one
that the untutored and ignorant gravitate towards.”

A knee-jerk, and predictably politically-correct
comment to make, born of an inability to judge
objectively. I know both countries well, and many
others in the EU, and any unemotional, informed and
objective observer would support this comparative
assessment.

“If anything, Greece has progressed more because it
was farther behind in every measurable respect.”

Er no, Greece was and clearly remains far behind in
every measurable respect. There’s a politically
incorrect reason for that - Greek culture/society is
not known for it’s hard work, innovation and clean
government. Uncomfortable to hear perhaps, but
nevertheless, a fact.

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By Commune115, April 3, 2010 at 7:58 am Link to this comment

The Greek Revolution must occur, the Greek masses need to rise up and overthrow the current system and set Europe ablaze. This is the only way, the corrupt fat cats and corporate elites will never change.

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By Alfred di genis, April 3, 2010 at 2:46 am Link to this comment
(Unregistered commenter)

The austerity measures imposed by the Greek government in response to the debt crisis are both necessary and severe. The government has been vigilant in attempting to make sure that they are as equitable as humanly possible. As a socialist government, It has made a special effort to protect the weaker members of society. While, understandably, the measures are not popular, support for the government remains high, higher even than the percentage which gave it a strong parliamentary majority during the last election.

Both Ireland and Greece have benefited from EU membership and both have greatly improved standards of living from the time they first entered the EU. If anything, Greece has progressed more because it was farther behind in every measurable respect. Racism is always an easy response and the first one that the untutored and ignorant gravitate towards.

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By Antinazionista, April 3, 2010 at 12:03 am Link to this comment

Greece is and always has a been a parasite on the EU.
Greece and Ireland were ranked about the same, and
received about the same capital from the EU’s funds,
Ireland used it responsibly and saw the greatest
economic development in the history of the country.
Greece wasted it all on corruption. Basically the work
ethic ends, and belief in regulated society when you
reach the Balkans. The EU would be well-rid of Greece.

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By doublestandards/glasshouses, April 2, 2010 at 6:11 pm Link to this comment
(Unregistered commenter)

I don’t suppose there’s a working class Tea Party in Greece calling for the socialist-fascist-communist bastards in government not to get any ideas about redistribution of wealth.

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By Miko, April 2, 2010 at 1:58 pm Link to this comment
(Unregistered commenter)

They had a huge budget deficit relative to GDP.  That’s
recklessness of the government, not of the rich.  Of
course, the government is—behind a thin veneer of so-
called ‘socalism’—run by and for the rich, so that’s a
fine distinction.

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