Dec 13, 2013
Ignoring the Social Costs of Austerity Is Dangerous for Greek Leaders
Posted on Jul 16, 2013
The financial governing authorities classed as the “troika” are obsessed with budget targets rather than human needs, and needs are what protests underway in Greece on Tuesday are all about, writes Helena Smith, Greek correspondent for The Guardian.
Athens’ coalition government insists the country is on the road to recovery. But Efklidis Tsakalotos, a left-wing lawmaker for Greece’s Syriza opposition party, says otherwise. According to The Guardian, he told parliament Tuesday morning:
In a debt crisis that seems fated never to end, those Greeks have endured austerity measures that plunged 1.3 million into joblessness, cut salaries by an average of 25 percent and driven more than a third of the population into poverty.
Parliament is heedless, however, even as those dispossessed Greeks take to the street. Lawmakers are readying an “omnibus reform package” designed to win further rescue funds from the European Union and the International Monetary Fund at a cost of more austerity for ordinary Greeks.
Smith says there are reasons to believe Greece is reaching the point at which all this is too much to bear, implying that the response from the desperate public could get worse.
—Posted by Alexander Reed Kelly.
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