Thousands rally against Greece's austerity plans

Thousands of Greeks took to the streets of Athens Sunday on the 12th consecutive day of peaceful protests against the government's draconian austerity measures.Duration: 00:51

Category:

News & Politics

Tags:

• WEB
• GREECE
• ECONOMY
• PROTEST
• AUSTERITY

[ffsnickavailable]

lol thousands?... we were more than 200.000 last night!

[anthonybarrett79]

god bless greece,,from ireland

[marketanarchist2011]

@maiecinevaaici Grecii o sa moara de foame la fel ca si noi! Economia pe care ambele tari au avuto in ultimii 10 ani este nesustenabila pe termen lung acum ca nu mai primim imprumuturi ori murim de foame, ori concediem bugetarii. Greciilor nu lea convenit a doua varianta asa ca o so primeasca pe prima. RIP Greece!

[maiecinevaaici]

Rezist brothers the NWO is near  graets from Romania,,,,,PS: TV=BRAINWASH Stop u loca media TV

[TheAtheneanLight]

@MrBloograss A) CNBC is mainstream media and whoever trusts in mainstream media is an idiot by default

B) Actually the riots r happening because we DONT wanna b bailed out...we want nothing to do with the system...we prefer to go bankrupt and start over...yup, thats right

C) i dont think obama needs greece's help to put HIS taxpayers on the chopping block...hes very succesful in milking them all by himself, while kiling them with the food they eat and water they drink

Time to wake up

[lanebatts26]

from what i see on the news of riots and opposition to spending cuts, ur all nuts. Where are the spartans and athenians? :-)

[UdReks]

@yotubix I agree they'll leave. I think they'll be better off sooner the sooner they do it.

[UdReks]

@yotubix I was simply trying to say that given the huge slashing of gov't spending already (15% of the budget) their budget is now on par once you back out half the debt service and half the European high % of GDP spent on military weaponry. This literally means that Greece could get by after a default as long as tourists keep coming to Greece. The only thing that is a question: are their food sources self-sufficient enough to feed the country?

[yotubix]

@yotubix Anyway, I don't think that we have a conflict at all. We both agree that Greek will leave the Euro in the near future, it's the only way out. And that it will be better for it in the long term. In the short term things will be worse regardless of what Greeks do anyway.

[yotubix]

@UdReks Well Greece needs oil, computers and lot's of other things from abroad, same as any other country, right? But sure, Greeks probably won't starve or be cold in the winter. But that can hardly be the benchmark, can it?

[yotubix]

@UdReks I am not sure what you are trying to tell me. Yes Greece has shipping and tourism as the mainstay of it's economy. But Greece's government was bankrupt before the bailout already. And obviously payed huge amounts of interest on it's huge debts. The bailout prevented the immediate collapse in favor of a long term collapse (i.e. what is happening now). Who is responsible for the actions of the democratically elected Greek government if not the people of Greece?

[UdReks]

..and it would have a surplus if it reduced its military buys from 5% of GDP to .5%. Terms of trade? Greece is not into high value goods. The big two industries are shipping and tourism (in effect, exports). It sells lignite and agricultural goods, already undercutting even the weakest EU countries in price--i.e. Bulgaria. The concern is food distribution and energy. As for the former, stop buying beef from France (go back to the Med diet), and as for the latter, burn dirty lignite.