Austerity Bites

Parliament may claim that austerity has saved the country from a certain trip to Hades, but average Greeks would almost rather just go down in flames.

BY JOANNA KAKISSIS, NIKOLAS LEONTOPOULOS | OCTOBER 21, 2011

ATHENS – The crowd returned despite the burned trash on the broken sidewalks, the shattered glass on the streets, and the lingering sting of tear gas. By noon on Thursday, Oct. 20, Greeks filled Syntagma, the square across the street from the parliament building. They knew parliament would approve the latest austerity measures and they knew Prime Minister George Papandreou had insisted that the measures would save the country from bankruptcy. But it felt more like a death march than salvation.

It was the second day of massive demonstrations this week. By midday in Syntagma, old men set up stalls to sell whistles, miniature Greek flags, and the sesame-encrusted bread rings called koulouria. Bangladeshi men sold bottles of water. Protesters sprayed liquid Maalox, the stomach antacid, on each other's faces to close their pores and counteract the effects of the tear gas. Young men in black hoods, a few of them holding sledgehammers, pulled on gas masks.

Hundreds of riot police surrounded the sand-colored neoclassical parliament building. The young men in hoods wanted a fight. But in their way were about 100 middle-aged men who had locked arms, blocking a main path to parliament. The men seemed like unlikely defenders of the most hated building in Greece; they were blue-collar workers from PAME, a strident union affiliated with KKE, the country's old-school Communist party. PAME protesters never missed an anti-austerity demonstration, and they were often the first people to march, with bullhorns and bright flags, to Syntagma. They chant against plutocracy, capitalism, and bankers, but they are more likely to throw yogurt  than Molotov cocktails.

PAME has a small but hardcore following all over the Athens area. Just before the big strikes began, a few elderly PAME supporters marched along a busy street in Galatsi, an Athens suburb. They held a hand-painted banner that read "Enough is Enough!" They were trailed by a white-haired man who was driving a tiny, battered truck and chanting "Everyone hit the streets!" through a scratchy bullhorn. Vassilis Langadas, a 30-year-old technician at a mobile phone company, was drinking hot chocolate at a nearby cafe. "You've got to give them credit," he said, watching them with bemused pride. "They're my grandparents' age but they've got more stamina and faith in their cause than most Greeks."

They may be professional protesters, but PAME was hoping their call would be heard by that silent, suffering majority in Greece that says austerity is erasing people, not the country's massive debt. This fatalism is shared by nearly everyone. If this is salvation, they say, screw Europe. We'd rather go up in flames.

According to the polling firm "Public Issue," only 12 percent of Greeks support the memorandum of agreement between their government and international lenders, which imposes austerity in exchange for billions of euros in bailout loans.  Austerity means pain, they say, and a loss of sovereignty. Even deputies in the ruling center-left PASOK party are questioning the tough medicine prescribed by the European Union and International Monetary Fund, especially in the latest round of austerity cuts. MP Thomas Robopoulos, one of the lawmakers representing Thessaloniki, resigned his seat earlier this week saying the measures "are unfair and against the people." Home Affairs Minister Haris Kastanidis told a Vima 99.5, a private Greek radio station, recently that the demands of international lenders "were driving Greeks to an unbearable point."

Milos Bicanski/Getty Images

 

Joanna Kakissis and Nikolas Leontopoulos are journalists based in Athens.

OJ.SAL92

4:05 PM ET

October 22, 2011

Greece will fall no matter what

The European Union does. This whole thing is a "damn if you do, damn if you don't" situation. The best that the Greek parliament and the European Union can do is simply prepare themselves as best they can to survive the economic collapse of Greece. There is no "bailing out" Greece. Their economy IS GOING TO COLLAPSE. That's why Germany is so reluctant to do any major bailouts. How can you save a building on fire if you only have 1 bucket of water at a time?

If Greece hits rock bottom, then it will be easier to restructure it. But if they stop short and are somewhere chaos limbo, then restructuring will be nigh impossible.

 

GRANT

5:04 PM ET

October 22, 2011

I'll admit that a lot of the

I'll admit that a lot of the problems are the result of corruption and reckless deals but that doesn't change the fact that Greece really is out of options. If the Greek state doesn't have money it can't get anything done and if Greece doesn't agree to try to fix the massive problems in the system the international organizations won't consider providing aid. It's in no way fair or pleasant but it's reality. Let's just hope that after the smoke clears Greece will seriously go after corruption and force better standards in place.

 

BIG BOY

6:18 PM ET

October 22, 2011

The Sacrifice

Greece will be sacrificed in order to save the Euro. Greece will be forced to swallow a tough pill so that they don't leave the Euro since if Greece leaves, the Euro and thus Europe will fall. If Greece leaves the Euro and devalues its own currency, it will be able to normalize its debt and spur its economy by becoming competitive.

 

HUCKLEBERRY

11:24 PM ET

October 23, 2011

Demos

Why should the Greek people be forced to pay for the stupidities of bankers? Why, for that matter, should Americans? Where were the Second Amendment-types when Paulson and his banker friends blackmailed the US Congress to the tune of $700 billion?

It's ironic that Americans should be wagging their fingers at the Greek people, when we've done such a terrible job of governing ourselves. It's a testament to the power of plutocratic propaganda that so Americans many want to instantly attack the demos, both at home and abroad.

 

MARTINWILLIAMS

1:57 AM ET

October 24, 2011

greeks :)

Perhaps the greeks should work harder isntead of rioting.

I feel sorry for the greek people.
how to atract men

Let's hope Greece recovers soon from this crisis

 

OLSON46

4:34 AM ET

November 15, 2011

Greece doesn’t actually need the Euro

This is what happens when Greeks vote for corrupt and irresponsible officials. We need to ask ourselves, does this country need the Euro?

Hellas needs to bail themselves out of EU “hella fast”. Unless they cut the Euro, everything will go down the drain as expected. And from the wreckage these pro-Euro Greeks will realize… Nigel was right.

Much love folks,
Lisa

 

DOMINOES

1:07 AM ET

November 20, 2011

will this ever end?

This has been going on forever it seems like. Greece needs to get its act together and stop taking down the global economy, although I doubt they have enough power to do this, they are just a mild hindrance. I get tired all of these riots and looting, when the Greeks could be doing something productive like buying lakewayrealestate. Greece better shape up or ship out of the mainstream news media coverage...it is a waste of time and energy on all accounts.