Socialist Progressives

Starry Messenger

(32,342 posts) Thu Oct 18, 2012, 09:12 AM Oct 2012

Greece hit by new general strike over austerity

http://www.bbc.co.uk/news/world-europe-19986804

The strike is taking place as European leaders are in Brussels for a summit in which Greece's economic fate is likely to feature large.

Greece is currently preparing a 13.5bn-euro (£11bn; $17.7bn) austerity package to satisfy the "troika" of International Monetary Fund, European Commission and European Central Bank lenders in return for its next 31.5bn-euro tranche of aid.

The country is due to run out of money next month.

However, trade union leaders says they hope to show EU leaders that a new wave of wage and pension cuts will only worsen the plight of the Greek people.

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Greece hit by new general strike over austerity (Original Post) Starry Messenger Oct 2012 OP

This is what happens when the IMF and the bankers goes country shopping lunasun Oct 2012 #1

lunasun

(21,646 posts)

1. This is what happens when the IMF and the bankers goes country shopping

Reply to Starry Messenger (Original post)

Thu Oct 18, 2012, 09:07 PM

Oct 2012

could happen here someday when we are a sale item
we will never follow Iceland
now too late+ too much invested

Under intense pressure from international creditors at the EU and IMF, Samaras' fragile coalition has been forced to draw up a draconian package of spending cuts worth €13.5bn – the price of a whopping €31.5bn loan instalment that is already four months overdue
Officials have suggested the burden will fall on society's most vulnerable with pensioners and low-income Greeks once again having to make the biggest sacrifices.

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