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tagged: 3 conditions, ASE, Athens, eurogroup, Feb 10 2012, Greece, Juncker, political parties, weather, what's up in greeceWhat’s Up in Greece on Feb 10/12?
Posted by keeptalkinggreece in Very Mix
A 48-hour general strike, protests and frustration about the Eurogroup meeting on Thursday are up in Greece today. The Finance Ministers of the eurozone did not give the green light for the second bailout for Greece, despite the fact that PM Lucas Papademos and the three coalition government partners approved the full austerity deal. Eurogroup head Jean-Claude Juncker made it very clear that Greece’s lenders are fed up with the Greek delays.
“We can’t live with this system while promises are repeated and repeated and repeated and implementation measures are sometimes too weak” Juncker said after the EZgroup meeting and hammered three new preconditions for the second bailout:
1) Ratification of the new loan agreement and the austerity package by the Greek Parliament on Sunday, Feb 12, 2012
2) Fixing the additional €325-million spending cuts
3) Strong political assurances from the leaders of the coalition government parties on the implementation of the programme.
He gave Greeks time until Feb 15, 2012 to comply. The Eurogroup meeting on that date might take the ‘important decisions’.
While the Eurogroup meeting was taking place in Brussels, in Athens members of the Greek Communist party (KKE) and Indignant Greeks held a protest outside the Parliament and deputy Labour Minister submitted his resignation over the austerity measures.
To soften the negative impression for approving the latest austerity package, conservative Nea Dimokratia implied elections before Eastern.
Leader of government partner LAOS, Giorgos Karatzaferis, is going to meet the President Karolos Papoulias today at 12.30 pm amid rumors that he might withdraw his support to the government.
In socialist PASOK deputies seem to be divided about the measures.
Angry discussions are taking place on television and radio programmes about ‘what is good for the country’. Orderly or Disorderly Default? Euro Exit? Return to Drachma? Default now or later? Nobody seems to have the right answer as the problem is more complex than just black and white. The citizens try to find out how they will come along with the additional cuts to hit their income.
And angry protesters have started to gather at Syntagma Square and take position outside the Greek Parliament. Strong police forces are present there as well.
The biggest protest of the “3 Days of Anger” is expected to take place on Sunday, with organizers calling people to camp outside the Parliament and put pressure on deputies who will be voting the latest austerity package inside.
Amid these developments, the Athens Stock Exchange started with a -1.22% at 11.13 am on Friday.
The weather is bad, cold, stormy and snowy and wings will blow with 9 Beaufort at the Ionian Sea. It will be better on Saturday, but turn again … wild on Sunday.
Greek Madness With Cup-Cakes at MADWALK show in Athens
… real mad!
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These new demands are nothing short of the goalposts being moved, as soon as one hurdle is overcome, another is presented. Do they not realize that Greece is made up of real, living and breathing human beings?!! Where are those big fat tax evaders? This is just not fair to the common man who works day in and day out and pays his taxes on time. Not fair!
You should direct that question to the Greek politicians. They are the ones who keep on moving the goalposts. The latest deadline was on Monday. They managed to only finish about 5 minutes before 5pm on Thursday. Then Venizelos was presenting a plan with a hole of 325 million. And during the Eurogroup meeting Samaras started to pull away the rug under the whole bloody thing with his speech at 8.
Sorry, but how stupid do these idiots think the rest of the politicians in Europe are? Ok, they are stupid, but compared to the political class here, they look almost brilliant.
But you are right in one thing:
Europe is now deliberately trying to push Greece out
“There is only one way of interpreting the set of fresh demands tabled by eurozone finance ministers last night in return for agreeing a new €130bn bailout for Greece – that they are now quite deliberately trying to push Greece out of the euro. All pretence at European solidarity has been abandoned, to be replaced by the vengeance of Shylock.”
“The way things are going, they’ll all be out at the next election, to be replaced by a ragbag of populist politicians unbound by whatever the present lot have signed up to. Even if eurozone finance ministers manage to get their new conditions agreed, there is not a chance of them being adhered to.”
“Greece has very little option now but to impose capital controls and leave the euro. The longer it leaves things, the more desperate will its plight become.”
http://blogs.telegraph.co.uk/finance/jeremywarner/100014766/europe-is-now-deliberately-trying-to-push-greece-out/
IMF SAYS ‘PRIOR ACTIONS’ LIKELY TO BE REQUIRED BEFORE FUND OK OF NEW GREEK LOAN PROGRAM – DOW JONES
“In spite of denials, it is quite obvious Germany wants Greece out of the Eurozone. However, France and other countries do not. The IMF appears to be siding with Germany, and that is a big change.
If there is a deal, don’t expect it to last. Greek elections are coming up, and even if they halt those elections (quite likely if a deal is reached), Germany will simply place more and more demands on Greece as soon as Greece misses budget targets (almost immediately).
Why These Games?
Germany seeks to absolve itself of any guilt for what happens to Greece. It wants Greece to make the exit choice, while placing as many roadblocks as possible to force Greece to do just that.”
http://globaleconomicanalysis.blogspot.com/2012/02/merkels-official-denial-i-will-have-no.html
I have a deep concern about my second home as I was forced to leave in 2007 and then seen the downward spiral faster and deeper decline.
– When is the bottom reached?
– At 500 € as minimum wage?
– Or how about € 250 when it is still on Go?
Is Greece Europe’s future Bangladesh?
Or even a branch to India?
There are two choices to make for Greece: One is the devil and the second cholera!
I would probably choose the cholera plague! With the Devil, then the rats (the politicians) live on while the people perish. Cholera affects everyone in a more equitable manner.
Democracy has apparently been eliminated in Greece, where there are currently only about saving money for the Troika and not the Greek population.
Greece’s population will have to pay other people’s profit, risking their own lives. The governing excepted of course. As a brilliant example is the introduced extraordinary property tax. Witch is collected by DEI cause all depend on electricity. A dirty trick from the regime’s side in their desire to demonstrate results for the Troika. Where in the Constitution does it says that DEI is representative and collector for tax items?
The most honorable closure right now is an exit from the euro zone and the reinstatement of Greece’s own currency!
At least, if so, then the Government meets a decision-making and an ability to act with determination to start over. Not to engage in artificial respiration until 2025.
Greece is now showing a clear two part society. Those who have (a few) and those without (the majority). I am not defending corruption, it has to be extinct. It comes from the lowest to the highest level. There I have personal experience, so I know that it exists in full.
I do not go to Greece (Kriti) on vacation, I go home.
Don’t mess with my home…
These are words straight from my heart.
That is Ms Angela Merkel with the cup cakes and I claim my €10 prize!
I was just wondering. What does the KKE say about it all? Havent read anything about it for some time now. And NO, im not KKE, I was just wondering..
out form EU and unilateral erasing of the debt
Ok, thanks. Sounds like a good idea
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The EU wants now ALL GREEK PARTIES to sign the memo piece of shite. If they all do so new parties must get elected, hehe…
they want the government parties to sign
If someone needs that, here’s the complete Memorandum in English:
http://www.scribd.com/doc/81046399/Memorandum-of-Economic-and-Financial-Policies-February-8
Billions are spent on UN peace keeping forces preventing various political fractions from causing upheaval in many counties. If Greece has to suffer more austerity measures the bill for UN forces will go up even more than the loan being negotiated from the IMF/ECB