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Greece is the word
02.26.2010
01:50 am
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Am I just missing it or has the situation in Greece—2 million people, which is about 40% of the workforce, walked off their jobs in protest over cuts in governmental programs—gotten precious little press coverage in the American media? (I know, I know, healthcare and the Olympics). Considering that this is literally a crisis that could split the Eurozone—and have terrible consequences in Spain, Portugal, Italy and beyond—shouldn’t Americans be paying more attention to this?

It certainly seems more dangerous than the Asian Contagion crisis of 1997.

And Greeks know how to riot properly:

Tens of thousands of striking Greek workers took to the streets today, some throwing stones at police, in a defiant show of protest against austerity measures aimed at averting the debt-plagued country’s economic collapse.

Riot police responded with teargas when, in sporadic bursts, masked youths charged them in Athens city centre. The violence coincided with a general strike that shut down public services and closed off Greece to the outside world.

For trade unions the mass show of force was a warning shot to a government struggling to satisfy its eurozone partners with policies deemed vital for the nation’s fiscal health while appeasing angry workers at home.

“This is the red line,” said Nikos Goulas, head of a union that represents 20,000 workers at Athens international airport. “Greece is not Ireland. If the government does not back down there will be huge unrest,” he added, holding a banner that proclaimed: “As much as you terrorise us, these measures won’t pass.”

Posted by Richard Metzger
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02.26.2010
01:50 am
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