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    Unending Austerity Wears Down Greeks

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    In Greek mythology Sisyphus was the king condemned by the gods to roll a boulder up a hill for all eternity.

    It is used now to describe a never-ending task: the kind we witnessed in Athen's Syntagma Square on Tuesday.

    Men in overalls with buckets of soapy water trying to scrub anti-government graffiti from the marble walls of the buildings which stand near the Parliament.

    But for the Plaza Hotel, Tuesday was one of the better strike days in the centre of Athens: its marble steps have been destroyed to make improvised missiles several times over the past two years.

    They were left untouched despite a demonstration during the general strike, which was something of a damp squib.

    In some respects there is demonstration fatigue; the protests involving public and private sctor unions, communists, students and pressure groups have not stopped the slow free fall of the country's economy.

    Nor have they changed the general policy of the Greek government, despite the change of administration after the fall of Prime Minister George Papandreou at the end of last year.

    The country is in hock to its international lenders, who are calling the shots, especially now Greece needs the second bailout of 130 billion euros to pay its creditors.

    The prospect of a 'hard default' does not cheer anyone, in fact 70% favour Greece remaining in the eurozone, knowing that a return to the drachma would be traumatic.

    But there seems to be less anger than we witnessed last year. It seems to have been replaced by a feeling of inevitability, mixed with concern about what a default could mean.

    A return to the drachma would make imports cheaper abroad, so spur growth in certain industries, but would also make imports much more pricey.

    Then imagine trying to pay off a loan you took out in euro with drachma, which may be worth perhaps a tenth as much.

    The biggest worry globally is that a default would trigger a so-called credit event, which would set in train a series of shocks similar to that witnessed after the fall of Lehman Bros in 2008.

    The event is being keenly felt across all ages and social classes.

    One woman I spoke to described how her eight-year-old daughter had started to pick up the lexicon of the crisis: asking what the words "default" and "unemployment" meant.

    She (SNP: ^SHEY - news) took her away for the Christmas holidays.

    The last time I was here I spoke to a man called George whose income has been so squeezed he now relied on his mother-in-law's smallholding to dig and pick fruit and vegetables for his family.

    He used to be a lawyer, but now drives a taxi for extra income.

    George told me his parents used to describe the fear in Greece during the German-Italian occupation and subsequent civil war.

    He says the country rebuilt itself and vowed never to let its people be hungry or frightened again. But they are, he told me.

     

    18 comments

    • VINCINT  •  Manchester, England  •  3 months ago
      The rich of Greece are entirely to blame for the state of their economy, if they'd paid their proper taxes for the past thirty years then the situation would be no way near as bad as now.
      • Mike 3 months ago
        Spot on!
    • antony  •  Fort Lauderdale, United States  •  3 months ago
      i do feel for the people of greece and just hope things get better soon so you can feel proud again.
    • Bagsy_b  •  Milton Keynes, England  •  3 months ago
      And they think Britain is any different
      • Ian 3 months ago
        Don't be so self-involved. If you think Britain is 'no-different' you don't fully understand the situation in Greece.
      • x 3 months ago
        Some people have no idea how well-off they are. Starving children in Africa, don'tcha know? And people in this country are whining because it's so outrageous that their kids have to share a bedroom because the council won't pay for a bigger house, or they've had to cut back on food so much that they're in danger of no longer being overweight, or that they haven't had a holiday for a few years.

        WE are the 1%, through nothing more than the location of our birth, and we shouldn't forget that.
    • GB  •  London, England  •  3 months ago
      They need the balls to get out of the euro unilaterally, return to the drachma and print lots of it. If the Germans (especially) thought the Greeks would have the guts to do that, then paradoxically they might not need to do it. There would be a much better deal on offer from the EU and the hedge funds would find themselves happy to take a scalping, let alone a haircut.
    • Danb  •  3 months ago
      deeed
    • PatSyCola -  •  Brighton, England  •  3 months ago
      The proud people of Greece will get the sympathy of the peoples in many european and other countries of the world. They will not however get much sympathy from the Leaders and Bankers of those same countries who will see opportunity as they watch the will of the Greek people being broken. How the Greek nation must bitterly regret the day they first heard the word EURO....
    • Leslie  •  Manchester, England  •  3 months ago
      Greed is the name of the game, until people all over the world realise it, it will never end.
    • Gerry  •  3 months ago
      god protect you all in Greece. a beautiful country and lovely people. you will not be going down alone.
    • JOHN  •  London, England  •  3 months ago
      UK be aware. That is what happens when a country lives above its means. Bloated public sector, looney unions whose moto is bleed the country dry, etc,etc. Even the labour party is now understanding that throwing more and more money at the problum is not enough
    • Logic cigol  •  3 months ago
      Can Greece sell one of its islands to Turkey? Solved all their problems and maybe save the euro at the same time!!
    • A Yahoo! User  •  3 months ago
      If the Greek Government 'Default' and bail out of the Euro? Then inevitably it will be back to the 'Drachma and the Donkey' So surely 'Austerity Now' would seem a far better option than the aforementioned and maybe this will apply to others ( 'PIGS' )
    • robiniag  •  Chelmsford, England  •  3 months ago
      the same will happen to britain rip off culture will bring the working classes down
    • Logic cigol  •  3 months ago
      Can Greece sell one of its islands to Turkey! It would wipe out its debt in one hit and solve a lot of problems. Austerity is the name of the game and everyone is offloading assets!
    • vincent  •  3 months ago
      They are bankrupt and all because of this dreadful EU and the possitively useless Euro currency. If they get out now in a years time they could recover. If not the Greek people will be controlled by the undemocratic EU forever.
    • Brendon  •  Manchester, England  •  3 months ago
      Stop - think - get out from this madness. Get out of the EU and the euro, restructure and reinvent yourselves. Pay your debts an agreed time period. The Greek people don't deserve this ****, it's the greedy politicians and wealthy that have created this. The average Greek worker is on a pittance. Common sense tells you that you don't pay a debt with another debt. Our hearts should go out to the Greek people, for what they have given to the world.
    • Humanist  •  Tripoli, Greece  •  3 months ago
      I believe the protests were to warn the government and the wealthy that the general population will not tolerate their past behaviour anymore. Greece is a wonderful country with wonderful people but they will expect their leaders to set better examples in he future. Let all countries be warned.
      • bee 3 months ago
        totally disagree - VERY VERY few Greek people are wonderful - in fact I would say the most are arrogant, extremely selfish and self absorbed with a truly blonkered look on the rest of the world. They are also corrupt on EVERY level - 25yrs in this country and not a day goes by when I am not shocked at the complete lack of human compassion!
      • bee 3 months ago
        truly blinkered NOT blonkered
    • kenny f  •  Leicester, England  •  3 months ago
      greece is yet another democracy suffering because of the actions of unelected and unrepresentative loan shark credit companies who deliberately downgrade countries as THEY choose,thus depriving the people of those countries of acceptable living standards in order to follow their own agendas
    • Roger  •  Birmingham, England  •  3 months ago
      Every country thats taken on the euro has had massive inflation, it wont work stay in the euro zone but use your own currencies.Its worked for hundreds of years why change it for jobs for the boys.