News / Europe

Rough Road Ahead for Greece Despite Austerity Measures

Riot police detain a demonstrator during a protest in Athens' Syntagma (Constitution) square, June 29, 2011.
Riot police detain a demonstrator during a protest in Athens' Syntagma (Constitution) square, June 29, 2011.

Multimedia

Audio

Greek politicians have voted in favor of $40 billion worth of austerity measures that were a precondition for Greece to receive international loans and stave off financial disaster. But as strikes take place across the nation and thousands gather in the capital Athens for a second day of protest.

Root problem

Democracy was born in Greece and many still consider it the cradle of Western civilization.  
But in 2011 the bedrock of democracy in Greece, its parliament, has been defended by armed police against battalions of citizens who say their voice has been forgotten.

The root of this crisis is money.

After years of borrowing, Greece is in debt. Faced with a massive deficit and under pressure from the international community, the government has revved up taxes and put the brakes on spending.

That's been bad news for most Greeks. Business profits are low and poverty rates are high.

Video footage of protests in Athens


Austerity, many in Greece say, is destroying lives.

Babis Papadimitriou, a journalist with the daily paper Kathimerini, says some Greeks conclude that the country would be better to default on its debt and leave the eurozone.

"The same people who think the austerity measures are too harsh and too difficult to implement, the same people think that if we go out of the eurozone, we will not need such austerity measures," Papadimitriou said.

Government protection

 

A policeman sprays tear gas as a protester walks away during an anti-austerity rally in Athens June 29, 2011.
A policeman sprays tear gas as a protester walks away during an anti-austerity rally in Athens June 29, 2011.

Many protestors say the rights and well-being of Greek citizens are not at the heart of government policy.

They say their government is making decisions that serve the interests of global economic powers and wealthy nations, while Greek people suffer the costs.

"This is a game of the global financial government. They want people to be down, not any resistance, absolutely nothing. So we have to fight for this," one protester said.

"I don't need them," added another protester. "I want to feel Greek again. But I'm not Greek. I'm German, I'm American. I don't know what I am."

Many though still believe that Greece is made stronger by its partners in the EU.

"I think the policies are a good step towards finding common ground with the European Union, which is I think a vision that all Greeks should aspire to," a bystander told reporters. "I don't think any country can operate in isolation these days, especially a country the size of Greece."

Hennessy video report


European 'dictatorship'

Speaking to VOA in London, analyst Vanessa Rossi says it's up to Greek politicians to avert the appearance of a "European dictatorship."

"Most of this problem actually pertains to the internal situation - that is the lack of engagement between the population and its own political class and the lack of engagement with solutions to go forward," Rossi explained.

Rossi says the fate of Greece and its place in the eurozone is in Greek hands, but its grip is weak.  She says politicians must balance the needs of its people with the demands of its global partners.

"I really don't think that there is a desire with the eurozone to see member states leave," Rossi added.  "But there are conditions under which it's quite difficult to offer further assistance. We have to look at both sides of that equation and we have to make a fair deal that's agreeable to all of them."

And with street battles raging in the Greek capital, without a compromise it's unclear if the government can maintain its authority.  If it fails to do so, Greece may be forced to bid farewell to its membership of the eurozone, whether it wants to or not.

You May Like

Uganda Court Annuls Anti-Gay Law

Court says law was passed in parliament without enough members present for a full quorum More

Multimedia Thailand Makes Efforts to Improve Conditions for Migrant Laborers

In Thailand, its not uncommon for parents to bring their children to work; one company, in-collaboration with other organizations, address safety concerns More

In Indonesia, Jihad Video Raises Concern

Video calls on Indonesians to join Islamic State of Iraq and the Levant, ISIL More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
In Thailand, Some Efforts to Improve Conditions For Migrant Laborersi
X
Steve Herman
August 01, 2014 6:22 PM
Thailand has been facing increasing international scrutiny as a hub of human trafficking and slave labor. Some of the kingdom’s companies are striving to improve working conditions, especially for the millions of migrant laborers from surrounding countries. VOA Correspondent Steve Herman in Bangkok takes a look at one initiative for children at construction sites
Video

Video In Thailand, Some Efforts to Improve Conditions For Migrant Laborers

Thailand has been facing increasing international scrutiny as a hub of human trafficking and slave labor. Some of the kingdom’s companies are striving to improve working conditions, especially for the millions of migrant laborers from surrounding countries. VOA Correspondent Steve Herman in Bangkok takes a look at one initiative for children at construction sites
Video

Video Public Raises its Voice on Power Plant Pollution

In the United States, proposed rules to cut pollution from the nation’s 600 coal-fired power plants are generating a heated debate. The U.S. Environmental Protection Agency, charged with writing and implementing the plan, has already received 300,000 written comments. As VOA’s Rosanne Skirble reports, another 1,600 people are lining up this week at EPA headquarters and at satellite offices around the country to give their testimony in person.
Video

Video Information War Rages Alongside Real One in Ukraine

The downing of the Malaysian airliner two weeks ago, and allegations that Russians are shelling Ukrainian troops across the border, have moved the information war swirling around the Ukrainian conflict to a new level. VOA's Al Pessin reports from Kyiv.
Video

Video When Fighting Eases, Gazans Line Up at Bakeries

When there is a lull in the conflict in Gaza, residents who have been hunkered down in their apartments rush out to stock up on food and other necessities. Probably the most important destination is the local bakery. VOA’s Scott Bobb reports from Gaza City.
Video

Video China Investigates Powerful Former Security Chief

The public in China is welcoming the Communist Party's decision to investigate one of the country's once most powerful politicians, former domestic security chief Zhou Yongkang. Analysts say the move by President Xi Jinping is not only an effort to win more support for the party, but an essential step to furthering much needed economic reforms and removing those who would stand in the way of change. VOA's Bill Ide has more from Beijing.
Video

Video US-Funded Program Offers Honduran Children Alternative to Illegal Immigration

President Obama and Central American leaders recently agreed to come up with a plan to address poverty and crime in the region that is fueling the surge of young migrants trying to illegally enter the United States. VOA’s Brian Padden looks at one such program in Honduras - funded in part by the United States - which gives street kids not only food and safety but a chance for a better life without, crossing the border.
Video

Video 'Fab Lab' Igniting Revolution in Kenya

The University of Nairobi’s Science and Technology Park is banking on 3-D prototyping to spark a manufacturing revolution in the country. Lenny Ruvaga has more for from Nairobi's so-called “FabLab” for VOA.
Video

Video Immigrant Influx on Texas Border Heats Up Political Debate

Immigrants from Central America continue to cross the U.S.-Mexico border in south Texas, seeking asylum in the United States, as officials grapple with ways to deal with the problem and provide shelter for thousands of minors among the illegal border crossers. As VOA's Greg Flakus reports from Houston, the issue is complicated by internal U.S. politics and U.S. relations with the troubled nations that immigrants are fleeing.

AppleAndroid