From:   shaista husain <shaistahusain@gmail.com>
Sent time:   Tuesday, November 01, 2011 12:10:26 PM
To:   september17@googlegroups.com
Subject:   Re: [september17discuss] Greek government on verge of collapse over austerity referendum
Attachments:   WALL STRET david harvey.docx   
 

This blog was written by David Harvey -- The Party of Wall Street

meets its Nemesis

(lol, i am loving the greek word "nemesis" here in the title--from wikipedia :

In Greek mythology, Nemesis (Greek, Νέμεσις), also called

Rhamnousia/Rhamnusia ("the goddess of Rhamnous") at her sanctuary at

Rhamnous, north of Marathon, was the spirit of divine retribution

against those who succumb to hubris (arrogance before the gods). The

Greeks personified vengeful fate as a remorseless goddess: the goddess

of revenge. The name Nemesis is related to the Greek word νέμειν

[némein], meaning "to give what is due".[1]

 

 

 

2011/11/1 shaista husain <shaistahusain@gmail.com>:

> Ευχαριστώ !!!

>

> On Tue, Nov 1, 2011 at 1:59 PM, Doug Singsen <dougsingsen@gmail.com> wrote:

>> Cancel the debt! This would require leaving the Eurozone, which would be a

>> huge step, but there's no other way out of this crisis for Greek workers.

>> Here's a great article on why Greece should cancel its debt and leave the

>> Eurozone: http://www.socialistreview.org.uk/article.php?articlenumber=11815.

>>

>> On Tue, Nov 1, 2011 at 1:48 PM, shaista husain <shaistahusain@gmail.com>

>> wrote:

>>>

>>> Thanks Gabriel and Doug, for the clarification, but what is the

>>> occupation and mobilization demanding--that is what i want to

>>> know--and on everyone's mind right now--perhaps we need to do the hard

>>> work of looking at what has passed in the assemblies what proposals.

>>> What kind of measures against austerity are the people asking for?

>>> This is what is missing in my mind---please forgive my lack of

>>> knowledge ....

>>>

>>> On Tue, Nov 1, 2011 at 1:39 PM, shaista husain <shaistahusain@gmail.com>

>>> wrote:

>>> > There is a lot missing Gabriel, I am just asking --posing the

>>> > issues--what you call an economic slowdown, i would call economic

>>> > asphixiation or a brutal shock....cheers, shai

>>> >

>>> > On Tue, Nov 1, 2011 at 1:29 PM, Gabriel Johnson <gabjoh2@gmail.com>

>>> > wrote:

>>> >> "unpopular austerity measures"

>>> >> This does not seem like "New Deal" measures to me. This seems like the

>>> >> opposite of that, and the opposite of what Keynes would prescribe

>>> >> during an

>>> >> economic slowdown. Is there something not in the article I'm missing?

>>> >> --glj

>>> >> On Tue, Nov 1, 2011 at 1:12 PM, shaista husain

>>> >> <shaistahusain@gmail.com>

>>> >> wrote:

>>> >>>

>>> >>> Thanks for posting this,

>>> >>> The social democratic leadership PASOK party have sold out to the

>>> >>> Troika and Greece really is on the brink of a revolution--it is also

>>> >>> the weakest link in Europe. It is important that we understand why

>>> >>> social democracy and why this Third Party has not been able to

>>> >>> implement reform and structural changes for the people. Greece poses

>>> >>> an interesting lesson--and those of us who think similar keynesian

>>> >>> "New Deal" steps are a solution to our problem (*yes anything is

>>> >>> better than what we have now*!!!!) but these "New Deal" policies are

>>> >>> being rejected by the Greek workers, as these measures have not been

>>> >>> able solve the economic crisis. What are the people of Greece

>>> >>> demanding?

>>> >>>

>>> >>>

>>> >>> On Tue, Nov 1, 2011 at 11:01 AM, Doug Singsen <dougsingsen@gmail.com>

>>> >>> wrote:

>>> >>> >

>>> >>> >

>>> >>> > http://www.nytimes.com/2011/11/02/world/europe/markets-tumble-as-greece-plans-referendum-on-latest-europe-aid-deal.html?_r=1&hp

>>> >>> >

>>> >>> > Government in Greece Nears Collapse Over Referendum

>>> >>> >

>>> >>> > By NIKI KITSANTONIS and RACHEL DONADIO

>>> >>> >

>>> >>> > ATHENS -- The Greek government was plunged into chaos on Tuesday and

>>> >>> > faced an

>>> >>> > imminent collapse, as lawmakers rebelled against Prime Minister

>>> >>> > George

>>> >>> > Papandreou's surprise call for a popular referendum on a new debt

>>> >>> > deal

>>> >>> > with

>>> >>> > Greece's foreign lenders.

>>> >>> >

>>> >>> > Power company customers lined up in Athens on Monday to ask about a

>>> >>> > new

>>> >>> > tax.

>>> >>> > President George A. Papandreou's surprise promise of a vote on

>>> >>> > austerity

>>> >>> > measures threatens a deal reached to ease the European debt crisis.

>>> >>> >

>>> >>> > Such a collapse would not only render the referendum plan moot, it

>>> >>> > would

>>> >>> > likely scuttle -- or at least delay -- the debt deal that was agreed

>>> >>> > on in

>>> >>> > Brussels last week, putting Greece on a fast track to default and

>>> >>> > possible

>>> >>> > exit from the monetary union of countries sharing the euro currency.

>>> >>> >

>>> >>> > Analysts said that Mr. Papandreou's call for a referendum was a last

>>> >>> > resort,

>>> >>> > meant to gain broader political support for the unpopular austerity

>>> >>> > measures

>>> >>> > in the deal without forcing early elections that would only worsen

>>> >>> > the

>>> >>> > country's political and economic turmoil.

>>> >>> >

>>> >>> > But after weeks of mounting pressure, one Socialist lawmaker quit

>>> >>> > the

>>> >>> > party

>>> >>> > to become an independent, reducing Mr. Papandreou's majority to 152

>>> >>> > seats

>>> >>> > out of 300 in Parliament, and another six Socialists wrote a letter

>>> >>> > calling

>>> >>> > on Mr. Papandreou to resign and schedule early elections for a new

>>> >>> > government with greater political legitimacy. Together, the

>>> >>> > developments

>>> >>> > made it doubtful whether his government would survive a confidence

>>> >>> > vote

>>> >>> > planned for Friday.

>>> >>> >

>>> >>> > Meanwhile, the center-right opposition New Democracy party on

>>> >>> > Tuesday

>>> >>> > stepped up its calls for early elections. Its leader, Antonis

>>> >>> > Samaras,

>>> >>> > has

>>> >>> > opposed most of the austerity measures the government accepted in

>>> >>> > exchange

>>> >>> > for foreign financial aid. Mr. Samaras has said that if he were in

>>> >>> > power, he

>>> >>> > would try to renegotiate the terms of Greece's arrangement with its

>>> >>> > principal foreign lenders, known as the troika: the European Union,

>>> >>> > the

>>> >>> > European Central Bank and the International Monetary Fund.

>>> >>> >

>>> >>> > "Mr. Papandreou, in his effort to save himself, has presented a

>>> >>> > divisive

>>> >>> > and

>>> >>> > extortionate dilemma," Mr. Samaras said on Tuesday. "New Democracy

>>> >>> > is

>>> >>> > determined to avert, at all costs, such reckless adventurism."

>>> >>> >

>>> >>> > Mr. Samaras declined to say whether he would ask his 85 members of

>>> >>> > Parliament to resign, a move that would lead to the dissolution of

>>> >>> > Parliament and a snap election. The next general election was not

>>> >>> > due

>>> >>> > until

>>> >>> > 2013, when the Socialists' four-year-term expires. Mr. Samaras is

>>> >>> > expected

>>> >>> > to clarify his stance at a meeting of his party's parliamentary

>>> >>> > group on

>>> >>> > Wednesday.

>>> >>> >

>>> >>> > European leaders have repeatedly dismissed Mr. Samaras's notion of

>>> >>> > renegotiating Greece's deal with its lenders, saying that trying to

>>> >>> > do

>>> >>> > so

>>> >>> > would be damaging and would throw away months of work on a plan to

>>> >>> > keep

>>> >>> > Greece from defaulting.

>>> >>> >

>>> >>> > Mr. Papandreou's announcement of a referendum took Greek lawmakers

>>> >>> > by

>>> >>> > surprise, just a s it did political leaders and investors across

>>> >>> > Europe.

>>> >>> > On

>>> >>> > Tuesday, the state television channel Net reported that even the

>>> >>> > finance

>>> >>> > minister, Evangelos Venizelos, had not been informed in advance

>>> >>> > about

>>> >>> > the

>>> >>> > referendum, although he was aware of plans for a confidence vote.

>>> >>> >

>>> >>> > Mr. Venizelos was taken to a hospital Tuesday morning, complaining

>>> >>> > of

>>> >>> > stomach pain. Doctors said he had an inflamed appendix. He is the

>>> >>> > latest

>>> >>> > in

>>> >>> > a string of governing party officials to be rushed to hospitals in

>>> >>> > recent

>>> >>> > weeks. One Greek negotiator had a heart attack in Brussels last

>>> >>> > week.

>>> >>> >

>>> >>> > On Tuesday, European leaders said the deal reached last week to

>>> >>> > write

>>> >>> > down

>>> >>> > 50 percent of some Greek debt was the best available way to build a

>>> >>> > financial "firewall" that would keep Greece's troubles from causing

>>> >>> > a

>>> >>> > damaging run on other shaky European economies like that of Italy.

>>> >>> >

>>> >>> > The political instability in Greece has long dismayed European

>>> >>> > officials. In

>>> >>> > a statement, the president of the European Commission, Jose Manuel

>>> >>> > Barroso,

>>> >>> > and the president of the European Council, Herman Van Rompuy, said

>>> >>> > that

>>> >>> > Europe's plans to protect other vulnerable members were "more

>>> >>> > necessary

>>> >>> > than

>>> >>> > ever, without delay."

>>> >>> >

>>> >>> > "We are convinced that this agreement is the best for Greece," they

>>> >>> > added.

>>> >>> > "We fully trust that Greece will honor the commitments undertaken in

>>> >>> > relation to the euro area and the international community."

>>> >>> >

>>> >>> > In Greece, Mr. Papandreou's referendum proposal seemed to be his

>>> >>> > last,

>>> >>> > best

>>> >>> > hope. His political capital has dried up, and he faces intense anger

>>> >>> > from

>>> >>> > voters who have been squeezed to the breaking point by the austerity

>>> >>> > measures demanded by Greece's foreign lenders.

>>> >>> >

>>> >>> > "Papandreou could not take more political punishment," said George

>>> >>> > Kirsos, a

>>> >>> > political analyst and the owner of the Athens City Paper. "We have a

>>> >>> > strange

>>> >>> > situation: Everyone's cursing the government, and everyone expects

>>> >>> > the

>>> >>> > government to do the job by itself -- to reorganize the economy, to

>>> >>> > cut

>>> >>> > the

>>> >>> > deficit, to make a deal with the Germans -- but at the same time,

>>> >>> > nobody

>>> >>> > helps him."

>>> >>> >

>>> >>> > "All parties and all media criticize the government," Mr. Kirstos

>>> >>> > added.

>>> >>> > "So

>>> >>> > Papandreou, in a sense, tried his best to do the referendum to force

>>> >>> > the

>>> >>> > parties, the media and the citizens to undertake their own

>>> >>> > responsibility.

>>> >>> > The referendum is a yes or no issue: Either you are in favor, or you

>>> >>> > decide

>>> >>> > that you say goodbye to the euro zone."

>>> >>> >

>>> >>> > Charged by Europe with dismantling the welfare state they helped

>>> >>> > create,

>>> >>> > many of Mr. Papandreou's Socialist members of Parliament feel they

>>> >>> > too

>>> >>> > have

>>> >>> > reached their breaking points.

>>> >>> >

>>> >>> > Vasso Papandreou, a prominent member of parliament and a former

>>> >>> > minister

>>> >>> > who

>>> >>> > is not related to the prime minister, called on Greek President

>>> >>> > Karolos

>>> >>> > Papoulias to order the formation of a unity government ahead of

>>> >>> > early

>>> >>> > general elections. "Bankruptcy is imminent," she said. Earlier this

>>> >>> > month,

>>> >>> > Ms. Papandreou said she would vote for a new raft of austerity

>>> >>> > measures,

>>> >>> > but

>>> >>> > that it would be "the last time" she supported the government

>>> >>> > unconditionally.

>>> >>> >

>>> >>> > "The current government has none of these necessary prerequisites.

>>> >>> > Today's

>>> >>> > government policy is asphyxiating. Day by day the country is

>>> >>> > experiencing

>>> >>> > collapse, lawlessness and absence of government," they added.

>>> >>> >

>>> >>> > If Mr. Papandreou's government falls, it would not be the first one

>>> >>> > in

>>> >>> > Europe to be toppled by the austerity demanded by European debt

>>> >>> > relief.

>>> >>> > In

>>> >>> > Ireland and Portuga,l governments that accepted bailouts from the

>>> >>> > European

>>> >>> > Union and the International Monetary Fund fell, and last month the

>>> >>> > Slovakian

>>> >>> > government fell over whether to participate in the European Union's

>>> >>> > rescue

>>> >>> > package.

>>> >>> >

>>> >>> > Niki Kitsantonis reported from Athens and Rachel Donadio from Rome.

>>> >>> > Stephen

>>> >>> > Castle contributed reporting from Brussels.

>>> >>

>>> >>

>>> >

>>

>>

>

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