Keyword: Greece

Swazi Kings and Greek Titans: Implications for Regionalism

Picture: dearkitty.blogsome.com Liepollo Pheko - Given the democratic deficit in Swaziland, South Africa’s 2,4 billion Rand bailout to the kingdom throws open a question about the nature and exigency of neighbourliness within the Southern African Development Community (SADC) and begs some comparisons with Europe’s problem child Greece.  Questions have been raised about the extent to which South Africa ought to have taken responsibility for bailing out Swaziland in the midst of service delivery protests, wage strikes and...

Inside Greek's General Strike: Video Report From Athens As Thousands Protest Sweeping Austerity Cuts

Video As this Democracy Now broadcast went to air, lawmakers in Greece were voting on — and later approved — a new round of sweeping austerity measures amidst a general strike that’s brought tens of thousands into the streets. Riot police have fired volleys of tear gas, smoke bombs and stun grenades in a bid to clear the masses of Greek protesters surrounding the parliament in Athens. The chaotic standoff began Tuesday when police stormed the adjacent Syntagma Square, where...

European Authorities Risking Financial Contagion in Greek Showdown; Where Is the U.S. Government?

Picture: PIAZZA del POPOLO Mark Weisbrot - The European authorities are playing a dangerous game of “chicken” with Greece right now.  It is overdue for U.S. members of Congress to exercise some oversight as to what our government’s role is in this process, and how we might be preparing for a Greek debt default. Depending on how it happens, this default could have serious repercussions for the international financial system and the U.S. (and world) economy. The U.S. government has a direct and significant role...

Thousands of Greeks Say No to Austerity

Video The Greek Cabinet recently approved a tough five-year plan that called for 78 billion Euros in budget cuts.  Opposition groups and unions called a general strike on 15 June 2011 to protest against these austerity measures introduced by the Greek government in response to demands made by the EU and international banks.  Hundred of thousands of people heeded the call and occupied "Constitution Square" in Athens. Paul Jay from The Real News Network (TRNN) talks with...

Greek Tragedy or Hope? Lessons from the Global Financial Crisis

Picture: solidnet Photos Leonard Gentle - In the streets of Athens, tens of thousands march and protest, unions strike and even sections of the police and public servants join hands against an austerity programme. Daily, we go through a pattern of announcements from European Union (EU) finance ministers, the International Monetary Fund (IMF) and European Central Bank (ECB) promising bailouts and relief from market speculation, only to have the whole thing declared insufficient the next day, while “market jitters” continue...

Protests in Greece: Response to Severe Austerity Measures in EU/IMF Bailout

The European Union and International Monetary Fund agreed to a $146 billion bailout for Greece after Athens committed itself to years of austerity measures. Greek government workers, who are among those bearing the brunt of the measures, plan to disrupt flights and shut down hospitals and schools as protests escalate after 30 billion euros of additional wage cuts and tax increases were unveiled. Amy Goodman and Sharif Abdel Kouddous of Democracy Now speak with Costas Panayotakis, associate...