At the end of 2010, in an article titled 2011 Predictions, I wrote that the buzzword for 2011 would be AUSTERITY. Greece today is showing the world the true face of Austerity; a better word for this condition might be IMPOVERISHMENT. Lest those sitting in Northern Europe or North America think that this condition will be restricted to Greece, they are in for a nasty shock. For what we see in Greece today will be repeated on a much bigger scale all across the Globe, especially in America. When the true implications of Austerity begin to be felt by Americans, the scenes from Athens today will be repeated with much greater violence in Chicago, LA, Detroit, New York and across the US of A. The London riots of 2011 were but a preview of the feature length film that is yet to be played. Is there anyone out there who still believes that these problems that have been ongoing since 2007 will actually be fixed?
Athens burns as Greek lawmakers shove AUSTERITY down Greek throats
(Reuters) - The Greek government was under pressure on Monday to convince a skeptical euro zone that it would stick to the terms of a multi-billion-euro rescue package endorsed by lawmakers despite violent protests.
Parliament backed drastic cuts in wages, pensions and jobs on Sunday as the price of a 130-billion-euro ($172 billion) bailout by the European Union and International Monetary Fund, as running battles between police and rioters in central Athens outside parliament drove home a sense of deepening crisis.
Firefighters on Monday doused the smoldering remains of cinemas, shops and banks set ablaze in the capital. It was the worst violence in years, and spread from Athens to Greece's second city of Thessaloniki and the islands of Crete and Corfu. Read More _________________________________________________________________
From The Daily Sheeple: The Basic Fabric of Life is unraveling in Greece
Mainstream headlines may be ignoring the fact that the United States and the whole of Europe are on the verge of massive economic collapse, but that won’t stop what’s coming.
And when it does finally take hold, it will look a lot like Greece today:
The basic fabric of life is unraveling. Suicides are up 40%, homicide and violent crime up almost 100%, and cuts in social services so deep it’s making Greeks sick, literally.…This is Greece’s great depression. This is the meltdown that every economy dreads.