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

Tunnel Bombs Highlight Savagery of Aleppo Fight

Rebels have used tunneling tactic near government buildings, command posts or supply routes to set off explosives; they detonated their largest bomb this week under Syria's intelligence headquarters More

Sierra Leone Launches New Initiative to Stop Ebola Spread

Government hopes Infection and Prevention Control Units, IPC, will help protect patients and healthcare workers More

UN Official: Fight Against Terrorism Must Not Violate Human Rights

UN High Commissioner for Human Rights says efforts by states to combat terrorism are resulting in large scale rights violations against the very citizens they claim to defend 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.
Video Claims to Show Shia Forces in Iraq Executing Sunni Boyi
X
Jeff Seldin
March 05, 2015 2:36 AM
A graphic mobile phone video is spreading on the Internet, claiming to show Iraqi forces or Shia militia executing a handcuffed Sunni boy. Experts have yet to verify the video, but already Islamic State followers are publicizing it across social media, playing on deep-rooted sectarian fears. VOA’s Jeff Seldin reports.
Video

Video Video Claims to Show Shia Forces in Iraq Executing Sunni Boy

A graphic mobile phone video is spreading on the Internet, claiming to show Iraqi forces or Shia militia executing a handcuffed Sunni boy. Experts have yet to verify the video, but already Islamic State followers are publicizing it across social media, playing on deep-rooted sectarian fears. VOA’s Jeff Seldin reports.
Video

Video Ukrainian Authorities Struggle to Secure a Divided Mariupol

Since last month's cease-fire went into effect, shelling around the port city of Mariupol has decreased, but it is thought pro-Russian separatists remain poised to attack. For the city’s authorities, a major challenge is gaining the trust of residents, while at the same time rooting out informants who are passing sensitive information to the rebels. Patrick Wells reports for VOA.
Video

Video Volunteer Gauge-Watchers Help Fine-Tune Weather Science

An observation system called CoCoRaHS is working to improve weather science, thanks to thousands of volunteers across the country who measure precipitation in their own backyards, then share their data through the Internet. VOA's Shelley Schlender reports.
Video

Video NASA Spacecraft Approaches a Dwarf Planet

NASA’s Dawn spacecraft will make history on Friday, March 6, when it becomes the first man-made object to orbit a dwarf planet named Ceres. It is located in the asteroid belt between Mars and Jupiter, almost 500 million kilometers from Earth. Among other objectives, Dawn will try to examine two mysterious bright white spots detected on the planet’s surface. VOA’s George Putic has more.
Video

Video Young Muslims Radicalized Online

Young Muslims are being radicalized ‘in their bedrooms’ through direct contact with Islamic State or ISIL fighters via the Internet, according to terror experts. There are growing concerns that authorities and Internet providers are not doing enough to counter online extremism - which analysts say is spread by a prolific network of online supporters around the world. Henry Ridgwell reports from London.
Video

Video African Americans Recall 1960s Fight For Voting Rights

U.S. President Barack Obama and thousands of people will gather in the small southern U.S. city of Selma, Alabama, Saturday, March 7 to commemorate the 50th anniversary of a historic voting rights march that became known as “Bloody Sunday." VOA’s Chris Simkins traveled to Alabama and introduces us to some of the foot soldiers of the voting rights struggles of the 1960s.
Video

Video Positive Messaging Transforms Ethiopia's Image

Ethiopia was once known for famine and droughts. Now, headlines more often point to its fast-growing economy and its emergence as a regional peacemaker. How has Addis Ababa changed the narrative? VOA's Marthe van der Wolf reports.
Video

Video Cyber War Rages Between Iran, US

A newly published report indicates Iran and the United States have increased their cyber attacks on each other, even as their top diplomats are working toward an agreement to guarantee Iran does not develop a nuclear weapon and to free Iran from international sanctions. The development is part of a growing global trend. VOA’s Al Pessin reports from London.
Video

Video Answers Elude Families of MH370 Passengers

For the families on board Malaysia Airlines flight MH370, an airline official’s statement nearly one year ago that the plane had lost contact with air traffic control at 2:40 AM is the only thing that remains confirmed. William Ide reports.

All About America

Circumventing Censorship

An Internet Primer for Healthy Web Habits

As surveillance and censoring technologies advance, so, too, do new tools for your computer or mobile device that help protect your privacy and break through Internet censorship.
More