Slow-motion train wreck continues in Greece

May 15, 2012

Just a matter of time:

European leaders have said they will halt the aid if promises given in return for the bailout are not kept. If so, Greece could go bankrupt as early as next month. Analysts say that this will almost certainly herald a Greek return to its drachma national currency.


Polls show the leftist SYRIZA party, which rejects the bailout and came second on May 6, is now on course to win a new election, a result that would give it an automatic bonus of 50 seats in the 300-seat parliament.

The party’s charismatic 37-year-old leader Alexis Tsipras has soared in popularity by promising Greeks a future in the euro zone without the yoke of austerity – horrifying European leaders who say the country cannot have its cake and eat it too.

While most Greeks oppose the bailout terms, they overwhelmingly back the euro. Nearly 80 percent want a new government to do all that is needed to keep Greece in the euro, a recent poll showed.

European leaders say Athens can remain in the euro only if it sticks to the promises to clean up its finances that it made to secure the bailout. Opponents say those harsh terms are making the situation worse by strangling the economy, which latest data show shrank over 6 percent year-on-year in the first quarter.

“The country is finished,” said Panos Leonidas, 57, a travel agency employee. “From now on, you can only live here if you’re an animal.”

4 Responses to Slow-motion train wreck continues in Greece

  1. Rafael on May 15, 2012 at 10:36 am

    animal = individual living off the government dole

  2. Bizman on May 15, 2012 at 1:00 pm

    Bankster MO;

    Step 1: Strangle the economy by cutting taxes on the rich and brokering loans with excessive rates and terms.
    Step 2: Cut social welfare programs that support the people who’ve been forced out of work by your greedy policies.
    Step 3: Go around telling everyone that the problem is on the spending side due to the increase in the welfare rolls that your Greedy Vulture activities ensured will swell.
    Step 4: Never ever mention that much of the economic problems facing the lower classes can be solved by increasing taxes on the wealthy, who have done very well thank you. Then…
    Step 5: Force politicians to cut social spending so that people are in a desperate situation….now you have them right where you want to:

    STEP 6: TRY TO KILL THE SOCIAL WELFARE PROGRAMS THAT YOU HATE, but have shamelessly exploited to create the false crisis to further your Rightwing ideological world order where only the Superwealthy have the right to govern and are immune from normal laws and practices.

    EVERYONE ELSE MUST SUFFER for their lack of consent for your warped selfish sociopathic world view.

    • Evan3457 on May 15, 2012 at 2:44 pm

      But this isn’t happening in Greece. They’ve been trying it, but the Greeks keep voting it out of office.

      But don’t worry, you’ll soon see the endgame of not reining in the social welfare state.

      It won’t be pretty.

  3. anonymous un-RINO on May 15, 2012 at 1:37 pm

    …and your boy Obambi wants to bail them all out, over and over and over again, you stupid troll.