When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Monday, February 13, 2012

Greek lawmakers approve austerity bill as Athens burns

This is all so . . . unnecessary, and unfortunately the Greek politicians are just digging a deeper hole from which Greece will have to climb once it leaves the Eurozone and re-adopts the drachma--

Greek lawmakers approve austerity bill as Athens burns | Reuters: "The Greek parliament approved a deeply unpopular austerity bill to secure a second EU/IMF bailout and avoid national bankruptcy, as buildings burned across central Athens and violence spread around the country. Cinemas, cafes, shops and banks were set ablaze in central Athens as black-masked protesters fought riot police outside parliament. State television reported the violence spread to the tourist islands of Corfu and Crete, the northern city of Thessaloniki and towns in central Greece. Shops were looted in the capital where police said 34 buildings were ablaze. Prime Minister Lucas Papademos denounced the worst breakdown of order since 2008 when violence gripped Greece for weeks after police shot a 15-year-old schoolboy."

I guess never underestimate the egos of the Eurocrats!

    

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