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- A new poll reveals that only 40 days after the last election, the great majority of Greeks -- 83% -- do not trust the new government. Only 16.5% have a positive view of the current government.
This creates an atmosphere that will benefit the people's movement. The next few weeks are critical, as the new austerity measures are imposed. If 83% don't trust the government now, what will happen when the government proceeds with more crushing policies? It will be very interesting to see what will happen next.
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- The Troika's clerks met with Greek Prime Minister Antonis Samaras on Friday. Once again, the Troika's errand boys point out to the puppet government that their target must be to achieve the reforms that they signed off on in the terms of the Memorandum. When the Troika talks about "reforms," what are really doing is declaring open season on Greece's public assets.
The clerks will leave Athens over the weekend, but will return in September with the same old threats, in an effort to keep the Greek people feeling insecure and afraid. The IMF knew all along that austerity measures were not going to succeed. There has never been an IMF success story, to date.
Greeks are going to hear about huge cuts. Here are some of the "reforms':
- Pensions over 1,400 -- will be cut by 40%
- Cuts to health care will include a 1,500 -- ceiling per person, per year.
- Tuition penalties will be imposed on university students who fail to complete their studies within 4 years.
- The pension eligibility age will be raised from 65 to 67 years.
- Christmas and Easter bonuses, the so-called 13th and 14th salaries, that have suffered huge cuts already, will be terminated altogether.
- 30,000 more public-sector workers will lose their jobs within the year.
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- 55% of hotel rooms and apartments for tourists in Greece are empty. This is the "success' of the IMF, EU and ECB program in Greece. Europeans, and in particular Germans, reportedly fear unrest. Tourism receipts from European Union visitors fell by 28 percent for 2011 compared to 2010, and the trend continues. Tourism accounts for 15% of Greece's GDP.
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