Merkel’s visit in Athens! (video)
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.
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German and European newspapers demand that Greece must continue with austerity!
Only one day after the scandalous article of Financial Times Germany which calls Greeks to vote in favor of pro-bailout conservative "New Democracy" party another article from the German "Bild" tries to terrify and influence the Greek people in order to vote for a government which will continue with the austerity program.
Yesterday, the Financial Times of Germany published and article with the tittle “Resist to the Demagogue” where the newspaper stated clearly:
Resist to demagogy of Alexis Tsipras and SYRIZA. Do not trust their promises that the denouncement of the loan agreements is possible without consequences..
Your country finally needs a functioning state. For your smooth governance we recommend Nea Dimocratia, even thought the recommendation is half-hearted…The best option for your country would be a coalition government with Antonis Samaras as leader and not Alexis Tsipras…..”
Today, "Bild" moved the propaganda one step forward with an article that had the tittle "Dear Greeks, don't make the mistake now...":
Unemployment reached 22%!
Greece's unemployment rate shot up to 21.9% in March, rising sharply from the 15.7% rate in the same month last year!!
Nearly 1.1 million Greeks are unemployed, more that 1,000 people lose their jobs every day! Young people are most affected by the job losses, with more than half — 52.8 percent — of those in the 15-24 age group out of work in March, compared to 42 percent in the same month last year.
The number of employed in March 2012 was estimated at 3,843,905 people. Unemployed amounted to 1,075,081, while the economically active population stood at 3,372,144...
The number of employed people decreased by 342,134 compared to March 2011 (-8.2%) and by 24,996 compared to February 2012 (-0.6%).
Lagarde to Greeks: “It’s payback time… don’t expect sympathy!”
In her interview for "the Guardian" Christine Lagarde states clearly that the IMF has no intention of softening the terms of the austerity package.
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.
Angela Merkel: “We want to make sure nobody else will want the Memorandum”
According to Wall Street Journal, German Chancellor Angela Merkel admitted that the Memorandum of Understanding (MoU) was intentionally so hard.
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...
European officials signal easing of fiscal rules as they realize the voters’ anger!
European officials are developing an investment pack to encourage financial growth in EU countries, due to the fact that voters in Greece and France have punished the political leaders who have supported hard austerity measures!
Olli Rehn, the European Commissioner for Economic and Financial Affairs, asked for extra government investing on large-scale infrastructure developments, since there are not sufficient private-sector demands which could create new job positions.
Mr. Rehn stated clearly that he is willing to loosen the EU’s tough new budget rules for countries that have been forced to dramatically reduce public spending in order to meet Brussels-mandated deficit levels.
What lies ahead for Greek people in June?
Austerity, austerity,austerity and austerity.....
Within the framework of the second memorandum in June, we expect new measures required by the Troika.
The Center for Economic Research of Greece, at the behest of the government, wrote the report contained in government expenditure intended to drastically cut.
Interventions of the measures of June include the following areas:
Education - Reduction in salary of kindergarten teachers, teachers, high school professors and academics, possibly with a parallel increase in their working hours.
Nigel Farage: euro break-up, just a question of how… (Video)
Nigel Farage: "These are big changes - the euro is doomed. And your policy sir, even if Greece accepts the austerity you're putting upon them, even if for the next eight years they obey all of this, they'll be still in 2020 have a debt GDP ratio of a 120 percent; which makes one ask "What is the point?"
The answer: "Laughing"
Watch the video below:
Joseph Stiglitz: “Wage cuts and austerity can not bring economic growth!”
Nobel laureate economist and Columbia University professor Joseph Stiglitz criticized sharply the European leaders on the management of the economic crisis.
In his interview for the German newspaper «Sueddeutsche Zeitung» the American economist warns against the austerity policy implemented in many European countries:
"Democracies can withstand cuts without seeing light at the end of the tunnel, but there is always a red line... nowhere in the world can we find an example where salary, pension and social expenditure cuts resulted in the growth of a weak country!"
24h strike tomorrow on Metro, HSAP and Tram!
The employees of Athens Metro, Urban Trains (HSAP) and the Tram are organizing a 24hours strike for tomorrow 1st of March.
The workers in Public Transports oppose against the latest austerity measures!
Four Ministrers of the LAOS party resigned!
The four ministers of LAOS, participating in the coalition government submitted their resignations to the PM Lucas Papademos !
Transport Minister Makis Voridis, Deputy Marine Minister Adonis Georgiadis, Deputy Defence Minister George Georgiou and Deputy Minister of Rural Development Asterios Rontoulis resigned from the government.
Earlier today, George Karatzaferis stated that his party has decided that they will not vote for the new austerity measures!








