Tag Archives: debt crisis

Greece is Committing “Financial Suicide”

By Peter Koenig  for Global Research, Original Source

Thursday late night, 18 May 2017, the Greek Parliament voted to accept another round of devastating troika (EC, IMF, ECB) conditions for an additional debt package of close to 5 billion euros. All of the 153 delegates of Alexis Tsipras’ Syriza-Anel coalition voted ‘en bloc’ for the suicide package, all 128 opposition members against. Nineteen didn’t show up. Perhaps they were too afraid to vote for the opposition. Just as a reminder, PM Tsipras, a socialist, is leading Syriza, Greece’s prominent left-wing party, that for reasons of majority decided to align with the extreme right-wing party ‘Anel’ which currently holds a mere 10 seats in Parliament.

Continue reading Greece is Committing “Financial Suicide”

Euro’s policies have destroyed Greece and led to new high levels of poverty in 2016

Provision of basic goods and services, such as food and heating,  it is deprived by the 39.9% of the population living in Greece with this percentage rocketing to 44.5%  for the 0-17 year old population. Moreover, almost one in five households ( 17.7%)  live in inadequate, unsafe houses with a leaking roof with moisture in walls and floors etc.

Overall, more than 4.512 million Greeks are at risk of poverty (Population in Greece is estimated at 11 millions) with children most at risk. This situation is reflected by the fact that 230 774 children live in households with no workers and virtually no income!

These elements are included in the final report of September 2016 issued by the Greek Statistical Authority (ELSTAT) concerning the Living conditions in Greece. 

Continue reading Euro’s policies have destroyed Greece and led to new high levels of poverty in 2016