Editorial Note: Of all the nations experiencing traumatic economic difficulties during the course of the current Great Recession, Greece has suffered the most adverse consequences. The country’s five year economic problems have been longer and deeper than that of any developed country. In fact, Greece has gone through a catastrophic depression otherwise unknown in the West.
The standard of living has dropped drastically; unemployment has reached 26%; the debt to GDP ratio is over 180%; the country’s “fiscal cliff” is looming bankruptcy; social spending and the “safety net” have been eviscerated; while demonstrations and riots target both domestic debt reduction measures and the financial institutions of the European Union power brokers. In response, the European Union Συνέχεια →
Another €10 million dished out to Greek political parties
They got paid once for the upcoming elections by voting an amendment in the late hours of the night at the beginning of April. Not satisfied with the necks they sucked on the first time, the Greek vampire politicians are set to obtain extra funding to the tune of €10 million. Whatever the case may be, it was a contingency measure, you see.
The first time round, MPs voted to divert funds from debt installments owed to banks in order to finance political parties in view of the elections of May 6. The official explanation for the extra cash was «in order to secure the conditions for continuity of political parties in the national elections.»
Yes, people were outraged, but who gives a cowpat over at the IMF or the European Commission? We Συνέχεια →