No, it’s not all over in Greece yet — and won’t be until they finally shed the Euro and return to the Drachma.
Prime Minister Tsipras is having trouble cobbling together a majority of the Greek Parliament to vote for the latest 86 billion Euro bailout deal which would keep Greece in the EU and forever dependent on its sagging Euro.
Left Platform Leader Pana-gio-tis Laf-az-anis opposes the European deal:
“Democracy is finished. The system of government in the country is the dictatorship of the euro.”
Tsipris has asked for party unity in order to approve the bailout. He says that otherwise he will have to resort to another referendum with the question:
“euro or drachma?”
So what’s wrong with that?
The President of the Greek Parliament,
Zo-e Kon-stan-top-ou-lou, also opposes the deal:
“It is the historic duty of the Left to protect the people and democracy … to protect the right to dream … to build a new, viable world.”
Greek officials were hoping to have the bailout deal signed by August 18 to avoid more bridging loans.
This timetable is now generally thought to be optimistic as new economic data shows that the Greek depression is deepening. New figures show the economy may contract by 7% this year.
This morning, the Greek stock market opened after a 5 week closure. It is plunging – down 20%.
Prime Minister Tsipras is having trouble cobbling together a majority of the Greek Parliament to vote for the latest 86 billion Euro bailout deal which would keep Greece in the EU and forever dependent on its sagging Euro.
Left Platform Leader Pana-gio-tis Laf-az-anis opposes the European deal:
“Democracy is finished. The system of government in the country is the dictatorship of the euro.”
Tsipris has asked for party unity in order to approve the bailout. He says that otherwise he will have to resort to another referendum with the question:
“euro or drachma?”
So what’s wrong with that?
The President of the Greek Parliament,
Zo-e Kon-stan-top-ou-lou, also opposes the deal:
“It is the historic duty of the Left to protect the people and democracy … to protect the right to dream … to build a new, viable world.”
Greek officials were hoping to have the bailout deal signed by August 18 to avoid more bridging loans.
This timetable is now generally thought to be optimistic as new economic data shows that the Greek depression is deepening. New figures show the economy may contract by 7% this year.
This morning, the Greek stock market opened after a 5 week closure. It is plunging – down 20%.
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