Austerity Measures: Greek Entitlement Mentality Faces Reality

By:  Bob Adelmann
06/28/2011
       
Austerity Measures: Greek Entitlement Mentality Faces Reality

The austerity measures being debated in the Greek parliament are being met with resistance not only by the opposition party but by those most directly affected: Greek workers. At least 20,000 people have begun a 48-hour general strike, bringing to a halt most airlines and public transportation. Even workers at the state-owned monopoly, Public Power Corp. SA, are forcing power outages around the country.

Prime Minister George Papandreou has just barely survived a vote of confidence, 155-145, and now faces two austerity bills that must pass this week in order for his country to receive the balance of the first bailout from last year, or even to be considered for the next one needed to keep the country afloat after July. He noted at the start of negotiations, “Voting for the medium-term plan means we can close this chapter of uncertainty for the Greek people. From the brink of catastrophe we are securing … the great opportunity to change our country.”

The austerity measures being debated in the Greek parliament are being met with resistance not only by the opposition party but by those most directly affected: Greek workers. At least 20,000 people have begun a 48-hour general strike, bringing to a halt most airlines and public transportation. Even workers at the state-owned monopoly, Public Power Corp. SA, are forcing power outages around the country.

Prime Minister George Papandreou has just barely survived a vote of confidence, 155-145, and now faces two austerity bills that must pass this week in order for his country to receive the balance of the first bailout from last year, or even to be considered for the next one needed to keep the country afloat after July. He noted at the start of negotiations, “Voting for the medium-term plan means we can close this chapter of uncertainty for the Greek people. From the brink of catastrophe we are securing … the great opportunity to change our country.”

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