Thursday , January 18 2018
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Frantic Negotiations & Tough Bargain in Athens as the Society Boils

Frantic negotiations and tough bargain are taking place in Athens between the Troika and the Greek side, while the national media report of new demands raised by Greece’s lenders representatives. They seek additional measures worth €3.3 billion for 2012 as lowering the minimum wage -rumors speak of €600 gross/month – will hit the social security funds. There are claims that the Troika wants a further cut of 20% at the main pensions, while ideas like lowering the yearly tax-free income down to €3,000, massive dismissals of hourly and associate teachers,  closure of schools and  closure of  state institutions have been on the table as well. The Troikans want 15,000 civil servants out of the main and broader public sector until the end of 2012 and 150,000 lay-offs until 2015. Also lay-offs in municiaplities sale of state-enterprises.

If one takes into consideration the cuts in the health sector, it looks as if the only state institution to remain untouched from the cuts will be the Greek parliament…

The meeting of PM Lucas Papademos with the leaders of the coalition government parties has been postponed for tomorrow Tuesday as the negotiations with the Troika have not been concluded yet.

The Troikans have an interesting day in rainy Athens rushing from the Treasury to Labour Ministry and from there to Finance Ministry. Later on the day they will rush to Papademos’ office.

At the same time, the society is boiling, the deputies of the coalition government parties  are boiling and the public and private sector  trade unions are boiling as well. There is a general strike and a protest march scheduled for tomorrow. The protests on Monday afternoon have been more or less cancelled due to heavy rainfall at the time of the meetings.

Apparently to calm down the boiling atmosphere, Papademos has reportedly ordered the Finance Ministry to make clear to the Greeks what it will mean for them, should the country default.

Either, or… we, the citizens,  are ‘default’, aren’t we?

measures sources: To Vima, Proto Thema, NewsIt

PS I wonder why the Troika-guys are never pictured wearing coats. Secret anti-freeze remedy, maybe?


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  1. PS I wonder why the Troika-guys are never pictured wearing coats. Secret anti-freeze remedy, maybe?

    No, they are all from countries where 10 degrees above zero is like summer. 😀

    About the “tough bargain” I just read this great piece called “Saving private wages: heroic act or con trick?”
    My vote goes to the ‘con trick’.

  2. BrunoBrussels
    Bruno Waterfield, UK Telegraph Brussels correspondent, #eurozone: never heard the officials so downbeat on Greece, a real sense time might have run out, “it’s not looking good,” says one

  3. keeptalkinggreece

    you mean you don’t wear a coat in Greece?

  4. keeptalkinggreece

    yeap! Time is running out, Debt clock is ticking and Merkel won’t lets us even go bankrucpt 🙁

  5. Not only a coat! I am so Greek that I wear long socks, of the kind that is specially for winter and I am sitting at the moment in front of our fire place and I am wearing a t-shirt, fleece sweater and a fleece jacket and I am wearing finger-less gloves. So, for me, outside, a coat for sure! It’s freezing here in Greece!

  6. keeptalkinggreece

    Ahahahaha! you forgot the long wool underwear !!!

  7. I didn’t use it this year. It’s still in the closet, but ready to wear. And it is black… 8)

  8. wow! sexy lol

  9. I’m about to ask, I think, a very stupid question. I hope someone will be kind enough to answer it though 🙂
    With all the payment cuts, and all the increases of utilities, food, taxes etc, I feel there will be nothing left of us to make further payments. Perhaps I am simple minded? but how is this supposed to work out?

  10. that’s the biggest problem and the question is anything but stupid. Income descreases, expenditures increase. Economists and mathematicians should answer this question. Pleeeeeease!

  11. Oh 🙁
    And here I was hoping I was missing something…
    Won’t be holding my breath then

  12. keeptalkinggreece

    please, don’t hold your breath. Greece’s cann’t afford to lose a taxpayer lol

  13. I admire that you can make a joke…. Ordinary Greeks will not see a euro of the bailout out money, some goes to pay public sector wages but the bulk goes in interest on the borrowed money. All the EU care about is the French/German axis, the two countries that are oberlords of the EU, though the chief honcho is Germany/Merkel, mind you Merkel will throw Sarkozy to the wolves if it’s in her interest. I sincerely hope that Marie Le Pen gives them a great big shock and brings the whole EU edifice tumbling down. The odious, unelected Van Rompey, has stated that there is still resistance from EU contries that needs to be dealt with. So there you have it from the horses mouth, obey or be crushed. If they can’t do it be economic means I’m sure they won’t be adverse to using other methods, if you look at Van Rompey, Barroso & Merkel …. Evil, pure evil.

  14. LOL Keep!!!!!!!!!!!