Tuesday, 5 July 2011

Greece's debt crisis, Greece's sovereignty , and the demonstrations

While many people are worried about many matters arising from or surrounding Greece's sovereign debt problem (which is indeed a handful), and the effectiveness or otherwise of the country's Socialist government's austerity measures, Greeks continue to gather and peacefully demonstrate.

Despite the media propagated and supported viewpoint whereby Greeks in Greece rise against the "bad IMF", the "Eurogroup rodents", since "Greece belongs to Greeks" and similar sentimental slogans, most Greeks loyal to their afternoon meetings at Syntagma, a large central square in Athens, flanked on one side by the Boule (house of parliament) have been consistently voicing one, at least, matter: their parliamentarians' -- "corrupt", "arrogant", "unethical", "insensitive", "ruffians", "thieves", "curs", "bastards"...

There is more, but this is indicative.

There are 300 members of parliament in Greece, quite a few it must be said for such a small country. Most of them, unfortunately, do not shine in their public life (or personal life for that matter) giving credence to the descriptive chaff hurled at them.

Not unlike their kith & kin in other countries, Greek politicians have not put in a day's work in their lives. While this is neither here not there, here, in Greece, given the untenable situation, some work experience in the real work would have come in handy...


Unfortunately for Greece, the people customarily bestowed with power have definitively shown they are impotent & incapable of dealing with the situation -- or any situation for that matter.

More unfortunately, the Eurogroup & IMF seem incapable of getting their act together in the case of Greece. Both organisations have sent a small rep team who have not yet, in more than one year, been received by the Prime minister of the country -- or any minister for that matter!

Even more unfortunately, the austerity measures implemented are designed to put a definitive lid on value-adding activity and initiative in the country.

The rantings and ravings of S&P (a company belonging to pulp & educational publisher mcgraw hill), are unlikely to help: neither S&P nor probably McGraw Hill knows the whereabouts of Greece in the first place.


Ultimately Greeks can only hope for God-sent salvation.

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