Thursday, January 05, 2012

Greece and the Eurozone Crisis


Guardian Live - Euro: Reports on the reaction from the public sector to the calls from the Greek Government for more austerity, the article states the following, “ ..union and business leaders are reacting badly….that Greek people must accept further wage cuts and the loss of hard-won labour rights,…”. The Greek Government has to decide what is more important, the Greek people or the EU, they are not the same thing, any more austerity and you could have civil disorder on the streets, even a Coup by the Greek military. The Greeks milked the system when it things were good, NOW things are very bad, they have to think about GREECE first, the EU afterwards if at all, it would be better for Greece to be out of the Euro but still in the EU. The bailouts could be then be pushed to protect the civic order of Greece, otherwise all this money is going to the bankers, and those that are suffering are the Greek people. This cant go on forever folks, something has to give, and soon.

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