Greek workers rise up

A protestor gestures to police near the parliament building in the center of athens on may 5 2010

For days now Greek workers have shown their contempt and anger at the austerity measures their government is imposing to meet EU and IMF requirements that it cut its public debt. In the words of the Prime Minister George Papandreou, Greece is ‘on the brink of an abyss.’ The Greek working class is telling the world that it will not pay for the country’s financial crisis. Its actions are showing the way for others: soon Spain and Portugal will also have to implement severe cuts in state spending and the revolt may spread to these countries as well.

On 27 April Greece almost defaulted on its debt as its public deficit rose to 13.6% of GDP, far higher than previously declared. Credit rating agencies downgraded its debt to ‘junk’ status, making it impossible for the Greek government to get further credit through the normal international markets to finance its debt as well as unable to get insurance against default. Papandreou was forced to ask the EU and IMF to activate a loan negotiated in April. On 2 May they agreed a bail out of 110bn Euros.


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Greece: Economy on the brink of collapse

FRFI 214 April / May 2010

On 11 March, over 60,000 demonstrators in Athens marched in protest against the crippling austerity measures imposed by the social democratic PASOK government. Along with the demonstration in the capital, there were at least 68 other protests around the country, many breaking out into clashes with the police. Coinciding with the protests was a 24-hour general strike, the second that week, which brought the country to a standstill. The only public transport working was the rail system that operated for a few hours to allow workers to take part in the demonstrations. News broadcasts were also suspended as crucial media workers walked off the job. Strikers and protesters banged drums and chanted slogans such as ‘no sacrifice for plutocracy’ and ‘real jobs, higher pay’. People draped banners from apartment buildings reading: ‘No more sacrifices, war against war’ (The Guardian 11 March). The Greek people have made it clear that they will not quietly submit to this onslaught by the ruling class.


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Greek austerity measures spark resistance

FRFI 213 February / March 2010

Greece is in the midst of its worst economic crisis since the end of the Second World War. In the post-war period, the US Marshall Plan brought Greece, then reeling from the impact of civil war and famine, under the economic management of imperialist countries and destroyed the Greek revolutionary movement. Now imperialism is once again determined to maintain control over Greece as it is wracked by economic and political crisis.

Trouble in Euroland

The Greek economy is broke; public debt is expected to rise this year to over 120% of GDP while the annual budget deficit stands at 12.7% of GDP. Unemployment is 7.7% and looks set to rise. The situation is aggravated by Greece’s membership of the euro. Poor EU countries such as Greece struggle to maintain a currency that is levelled with much wealthier, imperialist countries like France and Germany. Some economic analysts suggest that Greece and other weak states could be expelled from the eurozone, but in reality European imperialism will not allow Greece to leave the euro. To do this would seriously undermine the EU.


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Greece: Greek protesters lead the way for Europe

FRFI 207 February / March 2009

Protests continue following the uprising that consumed the country in December 2008, triggered by the murder of a 15-year-old boy, Alexandros Grigoropoulos, who was shot dead by police in Athens on 6 December. Riots then quickly spread to Thessaloniki, Greece’s second largest city, to the northern cities of Komotini and Ioannina, to Crete and other islands and towns. The two police officers involved in the shooting were arrested on 8 December and Prime Minister Costas Karamanlis, of the conservative New Democracy (ND) party wrote to the boy’s parents expressing his profound sorrow in a desperate and failed attempt to stop the dissent from spreading.

The majority of those demonstrating were students and school pupils who expressed their sadness and anger about his death but it quickly became clear that behind the protests lay widespread discontent with intolerable social and political conditions. Greece is being buffeted hard by the economic global crisis. Around a quarter of under 20-year-olds in Greece are unemployed and live below the poverty level. For university graduates the rate of unemployment is 28%. Having studied for years many are then forced to take poorly-paid work. The shooting was the spark that lit the tinderbox and the rioting in Greece was the first mass action in Europe against the current capitalist crisis.


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