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Greece on Fire: 'Disaster looms, with or without Euro'

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Published on May 14, 2012

Last week was a truly hectic one for the EU, with violent anti-austerity demos and political deadlock again casting doubts over the future of the euro. In Spain, as many as hundreds of thousands marched in nationwide protest. They chanted slogans and waved banners demanding an end to cuts and painful austerity. In Italy, violent anti-austerity clashes erupted in the city of Naples, after yet another suicide apparently caused by an aggressive government taxation program. But above all that, is the political turmoil in Greece. There, a last-ditch effort to form a coalition has all but collapsed over differences on austerity and bailout terms. The country now looks likely to stage new elections. For more on what lies ahead for Greece, and the implications for the EU, RT talks to Panagiotis Sotiris, who is a journalist and lecturer on social and political philosophy at the University of the Aegean.

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Top Comments

  • Z1BABOUINOS

    To the various mongolo-turko-fyromians who are praying to alAllah for Greece to fall and become like them, I suggest they open up a history book, because 'god' doesn't seem to answer their prayers for the past 4 YEARS (hmm, I wonder why...)

    Greeks are no strangers to hardship, and those who tried to wipe them out -for millennia-,

    either disappeared from the map or became the real third world.

    So, be careful what you wish for ;)

    · 7

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  • Jose Fernando

    No - Greece is the problem. They lied about their financial position to get into the Euro, they paid US banks for years to hide the dire state of their finances while they went on a borrowed money spending binge; billions in public subsidies, olympics, etc etc. No other country did this.

    after the borrowed money ran out, their neighbours came together to help them get their books balanced, Greece took their money then say it's everyone elses fault for their own spending excesses! it's pathetic

    · 4

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    in reply to jonjon1189 (Show the comment)

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  • aviomaster

    THOSE who think GREECE leaving EU will be heaven for Greece think again. WHILE Euro currency exists Greece will be hunted by it's shadow. Drachma will be hit by high inflation and again you will have big problems.

    ·

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  • sagapwgreece

    GREECE WILL NOT EXIT

    It can't yall think they would buy it haha pshh Greece is gorgeous just the way it is it's not like we are the only ones with problems this is just bullshit

    ·

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  • Jose Fernando

    That's right - it's Ra's all Ghul and League of Shadows' doing... trying to bring down Gotham from the inside in an attempt to purifying the human race.

    ... where the fuck is batman when you need him?

    Dickhead.

    ·

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    in reply to Koctac Koctas (Show the comment)
  • imatruthaddict

    And how is that working out for you again? Sweet ;)

    ·

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    in reply to Nikos Mocanu (Show the comment)
  • RaeuberPozzenfotz

    go away hasbara scum

    ·

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    in reply to WesternInfantry (Show the comment)
  • Nikos Mocanu

    Well my friend...u can tell what u think about us free...that's why we made DEMOCRACY... :)

    I'm working 12-18 hours every day with out dayoff all summer in a restaurant... i am BIG LAZY

    ·

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    in reply to Mash eclokin (Show the comment)
  • martinomkd12

    Southern Neighbour greece.. Your country needs to realise that your economy is poor and soon to be worse than some 3rd world countries!

    KARMA IS A BITCH!

    RECOGNISE THE REPUBLIC OF MACEDONIA!

    ·

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  • Mash eclokin

    Greece is the shame of Europe!! abuse of power & a mix of a pure lazy population gives u what Greece is beautful country with a caveman population... hellenes my ass they were gone thousands of years ago!!!

    ·

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