Amid Disagreement, Greek Coalition Backs More Austerity

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Amid Disagreement, Greek Coalition Backs More Austerity

Andy Dabilis

ATHENS – Greek Prime Minister Antonis Samaras has been able to convince his reluctant coalition partners to support budget cuts of $14.16 billion demanded by international lenders, which means Greek workers, pensioners and the poor will have to brace themselves for yet more austerity.

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August 02, 2012

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2 readers comments


1. Nicholas Kostopoulos wrote on August 02, 2012 9:23 AM	Samaras and his coalition partners have just made their political future as nonexistent. This present government will collapse soon after the cuts take place. The citizens can't take any more cuts, and without the cuts, Greece gets no money. This is a losing situation for Greece. The ECC has now made their exit from the Euro a definite plan, because the citizens will have a no confidence vote in Parliament. This will mean new elections and another party will come to power which will mean no more cuts in the economy, and a exit from the Euro will happen. Unfortunately The ECC has made a certainity the withdrawl of Greece from the Euro, because helping Spain, Italy is more to the ECC and Euro than Greece's 2.7% economy and a lier who got into the ECC with a phoney finacial data.

2. Philip Vorgias wrote on August 02, 2012 11:15 AM	You may be right, but Spain, Portugal, Ireland and Italy will be shaking in their shoes if Greece is forced out. Because they're next in the crosshairs.
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