Thursday, October 20, 2011

Death in Athens = Protests ?

Guardian Live: Reports on the death of Dimitris Kotsaridis who was attending the Athens protest against the Greek Governments Austerity packages, the cause of death is unknown and there are different versions of the incident. The Guardian notes that the death could have been bought on by a heart attack due to Mr Kotsaridis being hit by a rock or tea gassed by the authorities, or the death was of natural causes. But the death is a symbol of how the austerity package is hurting Greece, the cuts in Government spending is hurting growth, this leads to more people out of work, as economic growth would see more people getting hired, the Greek economy has contracted so much that the Greek debt can never get repaid, never mind how much plans are pushed by the Government in Athens. The Greek Government should take a breather after this death and think about leaving the Euro, restart from scratch, it will be bard but these cuts are not helping Greece, they are helping French and German Banks, once they are safe the EU/IMF/ECB will cut Greece off, then what for Athens, the Government should take the lead, not lead by the EU.

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