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Greeks Bearing Debts
As Greeks Get Restless, Government Makes Concessions

Greece’s can-kicking leg is getting weaker: signs abound that the country barely scraped together enough money on Thursday to issue pension payments to over 2 million Greeks. The country’s payments to pensioners are spread out over several days, and problems began to appear as early as Tuesday, as pensioners found their payments delayed by several hours. Last-minute incoming funds on Wednesday apparently helped the government finish the payments today.

The government claimed it was a ‘technical glitch,’ but pensioners did not appear to believe them. It’s not clear how much longer the government can go on like this, and voters are becoming aware how desperate their situation is. Open Europe:

A new GPO poll for Mega TV shows that 75.6% of Greeks want their country to stay in the Eurozone at any cost. According to a separate Marc poll for Alpha TV, 65.1% of respondents are in favour of an agreement between the Greek government and its creditors – while only 31% support a rift between the two sides.

Perhaps in response to growing public unrest, the Greek government has started to make concessions to European leaders, while making additional noises about selling off two ports and showing signs of bending on certain aspects of tax and pension policy. May 12, the date the IMF bill comes due, could finally force a resolution to the long-running Greek drama.

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  • fastrackn1

    Well, if people would have been savvy and saved money during the course of their lives, things like this wouldn’t happen.

    They lived paycheck to paycheck during their working years, now they are living pension check to pension check during their retirement years.
    What a irresponsible way to live a life….

    • Andrew Allison

      Are you talking about the 31% of Americans reporting having zero retirement savings and lacking a defined-benefit pension ( [grin]

      • fastrackn1

        “Are you talking about the 31% of Americans repor….”

        I am talking about anyone in any modern country. So many live beyond their means, especially here. I have no sympathy for any of them…unless there were extreme circumstances like a handicap, etc.

        And then there’s 40 hour work weeks, paid holidays, paid sick days, paid weeks of vacation…what a joke. So many just live for the weekends.

        31%…wow, I didn’t think it was that low….

        Thanks for the link!

  • Andrew Allison

    The impassioned resistance of the Greek populace to any serious reform suggests that the 75.6% of Greeks who want their country to stay in the Eurozone at any cost really mean at any cost to anybody else. They elected a government which promised to roll back the limited reforms in place, and still think that they can have their cake and eat it too. The government is offering the Troika promises of reform and the Troika is offering promises of money when reforms are actually implemented. The Greek government has wasted four months posturing, and time has run out. Game over.

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