German Chancellor Angela Merkel has told Greece that the "tough path" of painful spending cuts will pay off, amid demonstrations by thousands of protesters in Athens in a show of anger against her visit.
Greek police issued a statement that any public gatherings and marches would be banned that time in a large area around the city center. (Follow the link to see the map below)
TROIKA isn't going to renegotiate Memorandum before its implementation!
Together with Pasok party and the Democratic Left, a small party that won only 16 percent of the vote, Mr. Samaras forms a New Government.
Mr. Samaras had supported the bailout. After the May elections, in which New Democracy and Pasok suffered a drubbing while Syriza made big gains, Mr. Samaras has said he will seek to soften the deal’s terms; but soon, Mr. Samaras will be forced to make massive spending cuts to carry out the country’s “obligations” according to the Memorandum…
Syriza party stated it will fight if the new government does not repudiate the most onerous terms of Greece’s loan deals.
Meanwhile, the departmental finance minister George Zanias will represent Greece at the meeting of Eurogroup on Thursday, and Ecofin on Friday. Mr. Zanias will ask the Finance Ministers of the Euro zone for a time extension of two years to reduce the deficit (until 2016).
Prime Minister Antonis Samaras
Ministry of Interior
Minister: Euripides Stylianidis
Undersecretary: Charalambos Athanassiou (former president of the Judges Association)
Martin Stuart Feldstein (George F. Baker Professor of Economics at Harvard and also president emeritus of the National Bureau of Economic Research (NBER) ) talked about the prospects of a Greek euro exit in an interview at Bloomberg.
He expressed the opinion that there is no specific formula that the countries can follow in order to solve their economic problems. Each country is different... and in the case of Greece and there is no solution but to exit the euro zone since the country's economy is in terrible situation that can not be fixed...
“Well, I think it would create chaos, it would create problems” says Mr. Feldstein and he adds,
“It would be better for Greece to be able to adopt a new currency, a drachma, allow the currency to fall as currencies did in East Asia and in Latin America; that would give a significant boost to growth in Greece as Greeks shift their spending to domestically produce goods and services.”
Watch the video below:
The managing director of the IMF believes that the Greek parents have to take responsibility if their children are being affected by the austerity program.
"Parents have to pay their tax," she says.
When George Papandreou, the former Greek premier who negotiated the original bailout (2010) he asked Angela Merkel for gentler conditions in the memorandum. Angela Merkel replied that the aid program must be very hard (!): "We want to make sure nobody else will want this..." she said.
After Greece's May 6 elections results, more elections are likely in June, with no guarantee that a stable government will emerge. Greece's growing turmoil is the culmination of a radical austerity experiment and a botched economic overhaul that pushed the Greek nation into a social and political breakdown. It is obvious that forcing deep austerity on Greek people won't save the euro...
The report has been hammered out by Alpha Bank and Rothschild, which are among the government’s consultants regarding the Greek public real estate and asset privatizations program.
It should be noted that, on September 15, 2011, the Inter-ministerial Committee for Asset Restructuring and Privatizations (ICARP) decided who the consultants (related to the privatization of public property) would be and of course their payments.... payments of millions of euros!
The creators of Debtocracy, a documentary viewed by millions of people around the world, present their new production, entitled CATASTROIKA.
They analyze the shifting of state assets to private hands. They travel round the world gathering data on privatization in developed countries and search for clues on the day after Greece’s massive privatization program.
Watch the full documentary with English subtitles below:
Student March in Memory of the Glorious Day, in 1821, when the Greek Revolution began for Emancipation from the Ottoman Empire. Nowadays, a Greek "empire" has enslaved the Greek People.
A man, 77 years, ended his life with a bullet in the head! The elderly man came down the stairs leading to the square and headed to the exit of the Metro station where and pulled the trigger!
Policemen and an ambulance rushed to the point but the man was already dead. The ambulance removed the corpse, which was transferred to the hospital of "Eyaggelismos" and from there to Athens Mortuary.
7000 police officers have been deployed in the streets of Athens center, while police presence|awareness was increased in Thessaloniki as well as other Greek cities.
The parade in Iraklio, Crete, was disrupted when protesters clashed with riot police which used tear gas...
The protest was not planned. The students were organized through the internet and gathered at the city's center from various schools of Athens.
The crowd started shouting slogans and held banners against the government's policies!
Unfortunately, riots started when a group of protesters began throwing bottles of water, oranges and other items against the police.
The police fired tear gas, and even chased students away from the parliament. One police men was injured and one student was arrested.
The occupation of Law School's facilities in down town Athens, which started three days before the riots and ended yesterday, was badly appreciated by the policing authorities.
According to the Chief of Police, there people inside that did not belong to the university, something that was pointed out by the Dean of the University in a letter.
Moreover, according to the police there was a strong gas odour in the streets surrounding the building, a strong indicator that inside the building manufacturing of molotov bombs was taking place.
The incident occurred at Metropolis street, while hundreds of people protesting peacefully against the new memorandum!
Some protesters threw chairs and other objects at police, who replied with a flash-bang grenades.
Watch the video below:
More than 100000 people gathered in the center of Athens and outside the parliament in order to protest against the new austerity measures! From 5 o'clock this afternoon all the streets around Syntagma square were filled with protesters!
Large Demonstrations in many Greek cities!
Around 17:30 riots started in front of the Parliament. The police fired tear gas against protesters! The people responded with oranges and stones. A few minutes later the crowd moved at the south part of Syntagma Square. Due to the extensive use of chemicals many people have experienced breathing problems. Among them, Mikis Theodorakis and Manolis Glezos... Mikis Theodorakis, 85, and Manolis Glezos, 89 have asked people to come and protest with them outside the Parliament!
“I want to look right into their eyes, before they vote for the austerity measures” said Mr. Theodorakis before entering the Greek parliament and he added:
Live video from the center of Athens through STOPCARTEL TV-GR!