Showing posts with label papademos. Show all posts
Showing posts with label papademos. Show all posts

Thursday, April 5, 2012

NEWS,05.04.2012.


Retiree's suicide jolts Greece, triggers violence

A Greek retiree shot himself dead in Athens' main square Wednesday, blasting politicians over the country's financial crisis in a suicide note that triggered violent clashes hours later between police and anti-austerity protesters. Riot police fired tear gas and flash grenades after protests attended by some 1,500 people turned violent, and youths hurled rocks and petrol bombs outside Parliament. Authorities reported no injuries or arrests. The 77-year-old retired pharmacist drew a handgun and shot himself in the head near a subway exit on central Syntagma Square which was crowded with commuters, police said. The square, opposite Parliament, has become the focal point of frequent public protests against Greece's two-year austerity campaign. The incident, during morning rush hour, jolted public opinion and quickly entered political debate, with the prime minister and the heads of both parties backing Greece's governing coalition expressing sorrow. "A pharmacist ought to be able to live comfortably on his pension," said Vassilis Papadopoulos, a spokesman for the "I won't pay" group. "So for him to reach the point of suicide out of economic hardship means a lot. It shows how the social fabric is unraveling." Greece has relied on international rescue loans since May 2010. To secure them, Athens implemented harsh austerity measures, slashing pensions and salaries while repeatedly raising taxes. But the belt-tightening worsened the recession and led to thousands of job losses that left one in five Greeks unemployed. "As a Greek, I am truly shocked," Dimitris Giannopoulos, an Athens doctor, said before the protest. "I am shocked because I see that (the government is) destroying my dignity ... and the only thing they care about are bank accounts." Police said a handwritten note was found on the retired pharmacist's body in which he attributed his decision to the debt crisis. According to a text of the note published by local media, the man said the government had made it impossible for him to survive on the pension he had paid into for 35 years. "I find no other solution than a dignified end before I start searching through the trash for food," read the note. Police did not confirm whether it was genuine. Greece has seen an increase in suicides over the past two years of economic hardship, during which the country repeatedly teetered on the brink of bankruptcy. Police did not release the pharmacist's name and offered few other details. By Wednesday evening, dozens of written messages had been pinned to the tree under which the man shot himself, some reading: "It was a murder, not a suicide," and "Austerity kills." Hundreds of protesters made their way across the street from the square to outside Parliament and the Tomb of the Unknown Soldier, chanting: "This was not a suicide, it was a state-perpetrated murder" and "Blood flows and seeks revenge." Dozens of riot police stood guard. Papadopoulos, the protest organizer, said the suicide shows Greeks can take no more austerity. "This suicide is political in nature and heavy in symbolism. It's not like a suicide at home," Papadopoulos said in a telephone interview. "There was a political suicide note, and it happened in front of a clearly political site, Parliament, where the austerity measures are approved." Prime Minister Lucas Papademos issued a statement as protesters gathered at the site of the suicide. "It is tragic for one of our fellow citizens to end his life," he said. "In these difficult hours for our society we must all  the state and the citizens  support the people among us who are desperate." Government spokesman Pantelis Kapsis described the incident as "a human tragedy," but said it should not become part of the political debate. "I don't know the exact circumstances that led that man to his act," Kapsis said. "I believe we must all remain calm and show respect for the true events, which we do not yet fully know." Evangelos Venizelos, leader of the Socialist party, said the suicide "is so overwhelming that it renders any political comment unbecoming and cheap." "Let us reflect on the condition of the country and of our society in terms of solidarity and cohesion," said Venizelos, who served as finance minister for eight months before resigning to lead the Socialists. Conservative party head Antonis Samaras said the tragedy highlighted the urgency of getting Greece out of the crisis. "Unfortunately, this is not the first (suicide)," he said. "They have reached record levels." More protests are planned Thursday.

Sunday, March 11, 2012

NEWS,11.03.2012.


Greek FOCUS TO economy kick-start

After the success of a debt cut plan which paves the way for a 130-billion euro ($170.55 billion) international bailout, attention in Athens is shifting to politics and on how to kick-start debt-laden Greece's stricken economy, officials said over the weekend. Greece averted the immediate threat of an uncontrolled default on Friday when it successfully concluded a bond swap deal under which private sector creditors agreed to accept deep cuts in the value of their holdings. The deal, which cuts about 105 billion euros of the country's privately-held debt, more than half of the total, was offering Greece a second chance to slowly regain investors' and markets' trust, its central banker George Provopoulos said.” This is a new opportunity... to gradually restore confidence in the economy's prospects," he was quoted as saying in financial newspaper Imerisia.European Central Bank policymaker Ewald Nowotny shared the cautious optimism. "A clear success has been achieved here," Nowotny said in an interview aired by Austrian radio, adding he saw no need at the moment for any talk about a further bailout. Once the debt swap is completed on April 12, when a smaller tranche of bonds worth at least 20 billion euros will be exchanged, Greece can go ahead with new elections, an official said."I imagine it (the elections) will be somewhere then," government spokesman Pantelis Kapsis told Skai television when asked if the polls would take place on April 29 or on one of the following Sundays.
 Formed in November, Greece's coalition government under technocrat Prime Minister Lucas Papademos had a narrow mandate to complete bailout and debt cut talks and then hold elections as soon as possible. But austerity measures associated with the policies have plunged the Greek economy into its longest and deepest slump since World War Two. Gross domestic product shrank by a record 7% in 2011, data showed on Saturday. Investment slumped by 21% after a 15% slide in 2010.Greece hopes to get 1 billion euros in financing from the European Investment Bank (EIB) this year as a stimulus to encourage investment, a senior official said on Saturday. Greece and the European Commission are pushing the EIB, the European Union's long-term investment arm, to disburse the funds, said Gikas Hardouvelis, top economic adviser to Papademos."The faster we do it, the better. The economy is sinking and everyone is too scared (to invest)," Hardouvelis told Mega television. But the EIB was still worried about getting too exposed to Greece and a solution to overcome its reluctance might be to disburse the funds using local banks as intermediaries, he said. As a way to help boost Greek growth, the European Union has already increased its share of financing in certain EU co-financed projects and said it would help Greece cut red tape to make more efficient use of EU funds earmarked for it. Greece is entitled to a total 20 billion euros in so-called EU structural funds for the period 2007-2013. It has only used 8 billion euros so far, EU Commission President Jose Manuel Barroso said on February 29.