Greece Passes Austerity Package

The Wall Street Journal ^ | May 7, 2010 | Nick Skerkas, Alkman Granitsas and Bob Davis

[myknowledge]

ATHENS—Greece's parliament passed a package of austerity measures on Thursday, a key condition of its €110 billion ($145 billion) financial rescue, as thousands of protesters demonstrated outside the chamber, some hurling firebombs and clashing with police.

The vote came the day after three people were killed in violent protests against the measures, saddening a nation already struggling with economic hardship.

The White House said President Barack Obama was briefed on the situation in Europe and on the markets Thursday afternoon by Treasury Secretary Timothy Geithner and economic adviser Larry Summers.

While Europe's financial struggles played a role in driving down markets, analysts saw little in Thursday's events in Greece that should have set off the dramatic selloff in U.S. stocks Thursday afternoon, especially given that parliament passed the austerity plan.

[myknowledge]

Demonstrators and riot police clash in front of the Greek Parliament in Athens on Thursday, after the government passed deep fiscal cuts.

Greece's Prime Minister George Papandreou delivered a speech during a parliament session in Athens on Thursday.

You know what, the Greek political elite want the people to pay for the financial destruction and subsequent control over the economy while the globalist banks like Goldman Sucks, JP Morgan Stanley, Citigroup, ECB and IMF move in and take the lion's share while the political elite lap up the remainder for helping to sell out their country.

[guitarplayer1953]

And if the USA keeps going in the direction of the EU we will be in the same place in a few generations riots over federal cuts in pay due to people fleeing the country because of high taxes.

[Deagle]

Doesn’t matter, the Greeks don’t seem to understand that they have to sacrifice. They still want their goodies...

[umgud]

California Passes Austerity Package
The Wall Street Journal ^ | May 7, 2010 | Nick Skerkas, Alkman Granitsas and Bob Davis

Posted on Thursday, May 06, 2010 9:44:43 PM by myknowledge

Sacramento’s legislature passed a package of austerity measures on Thursday, a key condition of its $60 billion financial rescue, as thousands of protesters demonstrated outside the capitol, some hurling firebombs and clashing with police.

The vote came the day after three people were killed in violent protests against the measures, saddening a state already struggling with economic hardship.

The White House said President Barack Obama was briefed on the situation in California and on the markets Thursday afternoon by Treasury Secretary Timothy Geithner and economic adviser Larry Summers.

While America’s financial struggles played a role in driving down markets, analysts saw little in Thursday’s events in California that should have set off the dramatic selloff in U.S. stocks Thursday afternoon, especially given that they passed the austerity plan.

(Excerpt) Read more at online.wsj.com ...

[myknowledge]

What a spinoff! Is this what’s happening in Libbifornia?

[umgud]

We’re next.

[Republic_of_Secession.]

Coming to a country near you. Even Britain too as the press has been relentless in stating that they too have to adopt “austerity” measures. Which is such a joke when you consider how the government has WASTED & down right STOLEN so much of the tax payer’s money yet they have the nerve to pass theses outrageous “austerity” packages as though they have not robbed the people enough of what little wealth they thought they still had. No wonder the tea party movement has grown.

[Republic_of_Secession.]

Coming to a country near you. Even Britain too as the press has been relentless in stating that they too have to adopt “austerity” measures. Which is such a joke when you consider how the government has WASTED & down right STOLEN so much of the tax payer’s money yet they have the nerve to pass theses outrageous “austerity” packages as though they have not robbed the people enough of what little wealth they thought they still had. No wonder the tea party movement has grown.

[MarMema]

Some areas of Ca have unemployment of 20-25%, like the one I just rescued some 40 dogs out of (kill shelters) - the dogs are enroute here even as I type.

Animal shelters are facing 90-98% kill rates and lots and lots of us are bringing caravans of them north. This is my 4th run up here in the last few months, because they are very young and highly adoptable animals. People are turning them in to shelters in droves and no one is adopting them. It is very common for 3 and 6 month old small breeds to be euthanized.

The cattle dog mix, 8 mos old, that we are adopting has a former owner who is sleeping in her car after losing her job and home. He would be dead now if not for this trip.

I know also that people are walking away from homes enmasse and often leaving animals in the back yard or loose to fend for themselves.

I would say that things in some parts of Ca at least are very very bad right now.

[tiki]

I heard that they were overrun with Chihuahuas. I’d take a Yorkie...or another Chihuahua but I’m sure my husband wouldn’t like that.

[Lobbyist]

I’m in Athens and I witnessed two different protest groups marching past our hotel yesterday. They were loud but not violent.

[Beaten Valve]

California is the new Venezuela...

[goldstategop]

Its really simple: Greece is broke. Its Socialist Prime Minister had to face reality. The leftist hooligans who murder, pillage and destroy are making the country's job of recovery even harder.

"Show me just what Mohammed brought that was new, and there you will find only things evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelogus

[rmccullo]

Geez.. cut it out. That was satire supreme.

Scared the S%&t out of me....

[Tempest]

Well at least the bankers and investers are happy about their pound of flesh.

I sure hope that the Greeks that are getting laid off or their wages cut and their taxes raised get back to shopping soon. You know, in order to keep the global economy rolling along like good little robots.

[Tempest]

robot.

[DontTreadOnMe2009]

Here is who was guiding them

and helping them

.......

Goldman Sachs and the Art of Ripping Your Clients’ Faces Off

http://www.freerepublic.com/focus/f-news/2500879/posts

---

As for the USA “Banks” .......

Let them all go down

corrupt to the core each and every one of them

with Goldman’s being the rottenest