The Real Deal begins later today. My gut says Austerity measures pass, and Athens begins to ROCK shortly afterward.. If Austerity fails.. The Greek economy goes into collapse, and Athens begins to ROCK shortly afterward. Maybe, maybe not. But the Greeks do like to riot, and they're really good at it.. (By no means is this an insult, either. The No Bullshit political will of the Greek people is inspiring to others living in more complacent regions of the world. It's good to see that spirit alive and well.. Somewhere..)
Greece and Europe brace for austerity measures vote The Sofia Echo. Excerpts:
Greek lawmakers, under the watchful eyes of the rest of the world, are due to vote on a second round of austerity measures that sparked nationwide strikes and violent riots on June 28.
The vote will be held later on June 29.
The outcome of the vote will be vital for the stability of the European economy and for the future stability of Greece which is facing bankruptcy. Resembling a typical Greek drama, the voting process itself has become rife with accusations of betrayal and treachery following revelations in Greek media that there are mavericks in both camps who could sway the result unexpectedly.
..
If the government fails to pass the austerity measures, Greece will go bankrupt. The proposed measures will affect the public sector and will consist of the sale of assets as well as higher taxes and more spending cuts.
Massive protests are expected on the streets of central Athens and outside Syntagma Square in front of the parliament building, protests which have the potential to turn violent judging from the past.
WRAPUP 2-Greek lawmakers seen backing austerity, future unsure Reuters.
Greece's parliament looked increasingly likely to approve unpopular austerity measures on Wednesday, despite violent protests, to secure international funds to prevent the euro zone's first sovereign default.
But with the country on the brink of bankruptcy, it remains uncertain whether a weakened Socialist government can push through laws to implement structural reforms and privatisations in a second series of votes on Thursday, and then stick to a tight EU/IMF-imposed schedule for implementation.
Many economists and investors still expect Greece to default in the medium-term.
Greek leader 'dead man walking', Greek bailout 'collective punishment' Video courtesy Russia Today, via You Tube.
Greece and Europe brace for austerity measures vote The Sofia Echo. Excerpts:
Greek lawmakers, under the watchful eyes of the rest of the world, are due to vote on a second round of austerity measures that sparked nationwide strikes and violent riots on June 28.
The vote will be held later on June 29.
The outcome of the vote will be vital for the stability of the European economy and for the future stability of Greece which is facing bankruptcy. Resembling a typical Greek drama, the voting process itself has become rife with accusations of betrayal and treachery following revelations in Greek media that there are mavericks in both camps who could sway the result unexpectedly.
..
If the government fails to pass the austerity measures, Greece will go bankrupt. The proposed measures will affect the public sector and will consist of the sale of assets as well as higher taxes and more spending cuts.
Massive protests are expected on the streets of central Athens and outside Syntagma Square in front of the parliament building, protests which have the potential to turn violent judging from the past.
WRAPUP 2-Greek lawmakers seen backing austerity, future unsure Reuters.
Greece's parliament looked increasingly likely to approve unpopular austerity measures on Wednesday, despite violent protests, to secure international funds to prevent the euro zone's first sovereign default.
But with the country on the brink of bankruptcy, it remains uncertain whether a weakened Socialist government can push through laws to implement structural reforms and privatisations in a second series of votes on Thursday, and then stick to a tight EU/IMF-imposed schedule for implementation.
Many economists and investors still expect Greece to default in the medium-term.
Greek leader 'dead man walking', Greek bailout 'collective punishment' Video courtesy Russia Today, via You Tube.
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