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General News    H3'ed 7/10/12

The Current and Ongoing Humanitarian Crisis in Greece

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The sole reason of my resignation is my personal conviction that the issue of renegotiating with the Troika, as well as the correction of significant distortions in labour, pension, social security and welfare issues, should have been emphatically put on the table from the start.

His resignation is a great political sign. Not only does it illustrate the current situation in Greece, it also confirms and validates what the protesters have been saying all along about the government -- that the Greek government is a huge political fraud. Samaras lied. He said his government would attempt to renegotiate the terms of the Memorandum. But the day after the election, ND immediately forgot their promises.


-  There is a 30% decrease in the price of rents in Athens because of a depressed real-estate market and high unemployment.


- The current news coming from Spain and Italy regarding climbing interest rates on government bonds is reminiscent of events unfolding in Greece a year ago.


- Alexis Tsipras, the leader of the opposition party Syriza, commented on the recent developments in Greece. He stated that people who signed the agreement to sell off Greece's public assets will go to jail for their treasonous pact.


- Nouriel Roubini gave an extensive interview to Bloomberg over the weekend. He pointed out that not a single bankster has gone to jail for the financial crisis they caused.

Roubini stated:

"Nobody has gone to jail since the financial crisis. The banks, they do things that are illegal and at best they slap on them a fine. If some people end up in jail, maybe that will teach a lesson to somebody. Or somebody hanging in the streets.'

Bloomberg's video interview with Roubini can be seen here:


StopCartel TV broadcasts live from Athens, Greece on weeknights at 10pm Athens time @

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Linda Ross aka greydogg is a blogger at 99GetSmart
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