Today on Blogcritics
Home » Culture and Society » Greek Indignants and Hooded Protestors Clash with One Another, and with the Greek Parliament.

Greek Indignants and Hooded Protestors Clash with One Another, and with the Greek Parliament.

Please Share...Tweet about this on Twitter0Share on Facebook0Share on Google+0Share on LinkedIn0Pin on Pinterest0Share on TumblrShare on StumbleUpon0Share on Reddit0Email this to someone

Violent hooded protestors in the central Athens Syntagma square clashed with peaceful “indignants” on Wednesday, June 15. The proper and dignified “indignants” have protested in the area since May 25. These ongoing protests are a show of dissatisfaction with austerity cuts which the Greek Parliamentarians see as essential.

Sometime after noon, several hundred hooded youths arrived on the grounds of the Greek Parliament building, where peaceful “indignant” protestors have gathered daily. The hooded demonatrators began pummeling police, hurling available projectiles, such as marble bricks and random debris. When the “indignants”, whose presence has been vested in peace, attempted to rid the area of the more violent demonstrators, the indignants themselves were targeted. The indignants prevailed, and by evening the hooded crowd was ousted and the cleanup had begun. Police too were involved; in the course of the melee, about 30 persons, including five police officers were injured and removed to hospitals. Police utilized tear gas, and many in the role of demonstrator were overcome with a shortness of breath, in addition to other injuries. Increasingly violent demonstrations are expected in the days to come.

The goal of the strike that day was to prevent Parliamentary members (MPs) from entering the building of the Greek Parliament. The plan had been to form a human chain around the building. That aim was foiled when police set up barriers at the entrances to the building at Syntagma square. Similar barriers were set up at the Ministry of Finance.

The demonstrations in Athens are a small indication of the resistance to austerity cuts in debt ridden Greece. The cuts are all pervasive; government offices have closed. Trains and ferries are at a standstill. Hospitals are operating with skeleton crews.

Greek officials must make these and more massive cuts in order to avoid defaulting on $40-50 billion dollars of loans. They are working on an extensive bailout program. An unresolved crisis could have a global impact; stock markets around the world are closing on the downside, as Greece teeters toward bankruptcy. Greece owes some $400 billion in bond debt, $123 billion due by 2014. Standards and Poors rates Greece as “triple C” – the lowest in the world. Analysts are concerned that Greece may in fact maintain social programs by defaulting on parts of some loans. European officials are looking for selective default, what they refer to as “restructuring”. Expert Sony Kapoor from Brussels quipped that such restructuring should probably be done quickly, on a weekend. He says that the Greek credit rating is already beyond saving. “Most of the damage has been inflicted.”

Powered by

About John Lake

John Lake had a long and successful career in legitimate and musical theater. He moved up into work behind the camera at top motion pictures. He has done a smattering of radio, and television John joined the Blogcritics field of writers owing to a passion for the liberal press, himself speaking out about the political front, and liberal issues. Now the retired Mr. Lake has entered the field of motion picture, television, and video game (now a daily gamer!) critique. His writing is always innovative and immensely readable!
  • Arch Conservative

    Who gives a fuck. Bunch of socialist cry babies that don’t know what to do now that the government’s teet has been bled dry.

  • John Lake

    We are told that in the event of a default on some international loans by Greece, the “ripple effect” will impact global markets, including those in the U.S.
    The Greek government is in upheaval. The demonstrations are becoming riots, the people are accusing the wealthy of benefiting at the expense of the working man, and of corruption.

  • Leroy

    The Greek citizen must feel cheated by the international bankers, much as Icelanders do after the collapse of Icelandic banks and the demands of compensation from Europeans.
    Iceland.

    Indeed, the question must be asked: why should the Greek citizen be required to pay for the bad investments of private companies, especially when they are foreign?

    Is it the case, now, that predator financiers are to roam the world indebting the entire citizenry of a country to repay the bad investments of those predatory capitalists?

    In the case of Iceland the predators are demanding 12 thousand Euros from every single Icelandic citizen!

  • Cannonshop

    #3 because the “Capitalists” who did this, Leroy, are good Socialist Government Officials, and the indebtedness comes from those officials spending and re-spending money their nation didn’t have to get re-elected and continue their good socialist programmes and projects.

  • Cannonshop

    Lemme expand this for you, Leroy..

    Greece has no industry, no means of creating wealth besides tourism and fishing. It’s essentially a service economy where the largest employer is…

    The government.

    Governments don’t create wealth-they print money, but without a wealth-generating industrial base, that money is paper mostly useful for wiping one’s ass…and it’s ALSO not created by governments, but purchased from outside vendors, so really they only create the pretty patterns of ink on the paper.

    You can’t eat pretty patterns of ink, or build houses from it, or light the houses with it. THOSE things are provided by the exchange of goods and services known as the economy. When your economy is built on other people(Productive People)’s leisure time, your entire economy is propped up by that leisure time-a bubble in that leisure time can be catastrophic-as is happening in Greece now-there just isn’t any wealth being created that can support the extensive government the Greeks have wrapped themselves in, and no sort of business climate IN greece that attracts the sort of investment (or fosters it domestically) that can build an economy that can pay for the cost of a huge non-productive civil service class.

    Greece held off this with loans for decades, but default often enough, and nobody’s going to lend you money-that goes for governments just like individuals. Eventually the productive people aren’t going to want to support you anymore.

    What’s happening to Greece right now, is exactly what happens when you try to run a country on “Service Industries” while trying to maintain a first-world lifestyle.

    It breaks down. you can’t be both de-industrialized, AND have the wealth to support higher-than-third-world conditions.

    It’s the danger the U.S. is in, whether we want to admit it or not.

  • Leroy

    The banks that fail are the responsibility of the banks owners, the bondholders. When the bank fails then creditors have recourse to the bondholders reserves (they do have reserves, don’t they?). But beyond that there is no reason why the citizens should be saddled with liability.

  • Cannonshop

    #7, so, you’re good with doing away with FDIC then?

  • Glenn Contrarian

    Cannonshop –

    I understand your point about the FDIC, but for those who don’t, they should bear in mind that all finance, all banking is a matter of confidence. If you don’t have confidence in an institution, you’re not going to put your money there. AND if you feel less confident in an institution, then you’re going to pull your money out of there. Part of what happened in the crash of 1929 is that some banks ran out of money and people started panicking and began runs on many other banks. About 5000 banks crashed before FDR took office and instituted the FDIC.

    Fast forward to the S&L crisis of the late 1980’s and the 2008 Great Recession. If not for the FDIC, the runs on banks and financial institutions would have been truly epic. Of all government institutions that support or protect the economy, the FDIC is the most important. Get rid of the FDIC, and the next time that a bank runs out of money, runs will start not only on that bank…but on other banks as well.

    5000 banks failed…and that was in 1929 when news didn’t travel very fast. I don’t think any of us want to see what would happen if bank runs were to happen today.

  • Leroy

    Nothing wrong with FDIC, as long as FDIC protected savings are separated by a wall from speculative investment funds, such as the Glass-Stiegel act did before criminals revoked it so that speculators could raid legitimate savings.

  • Glenn Contrarian

    Leroy –

    Very true.