Friday, 16 August 2013

Greece: Depression or Recession? Are the Troika Bailing Out or Forcing Under?

'Six years of recession, an impressive drop in GDP from €231 billion in 2009 to €193 billion in 2012, unemployment at 26.9% in April 2013 from 7.5% in 2008, 57% for the under 25s, and an explosion of suicide cases… This overview of Greece is catastrophic and alarming for the rest of Europe. As in Argentina in 2001, children are fainting in schools through lack of food. While seropositivity is on the increase, medical spending has dropped by 20% in two years, from 7.1% of GDP in 2010 to 5.8% in 2012.
Meanwhile, the Nazi party, Golden Dawn, that sits in Parliament knows very well how to make the most of this social ruin to spread its hatred. The creditors have transformed recession into depression and the Troika (EU – IMF – ECB) darkens the picture all the time.'

Egg Miliband! Labour leader is pelted as he takes his message to the streets of London

'Once, a certain senior Labour figure responded in pugilistic fashion to an egg-throwing protester.But Ed Miliband clearly isn’t cut from the same pugnacious cloth as John Prescott.
When the Labour leader was hit on the back of the head yesterday, he simply laughed it off, saying he was ‘always looking for new ways to connect with voters’. A contrast indeed to the moment in 2001 when then deputy prime minister Mr Prescott lashed out with a left hook after being egged by a countryside campaigner.'