Getting a new vital cash injection from the EU for debt-choked Greece is far from a done deal. Leaders of the coalition government have failed to agree on stinging cuts worth roughly 12 billion euros – that the Prime Minister insists are crucial to avoid bankruptcy. But his allies in the government objected to across-the-board cuts on wages and pensions and also criticised plans to trim disability benefits. At the same time, Greece’s foreign lenders, who are currently in the country to assess its progress on meeting the bailout terms, also rejected parts of the austerity measures, with talks set to continue. But the fiercest opposition the cuts have evoked come from the Greeks themselves – as Peter Oliver reports. RT LIVE rt.com Subscribe to RT! www.youtube.com Like us on Facebook www.facebook.com Follow us on Twitter twitter.com Follow us on Google+ plus.google.com RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 500 million YouTube views benchmark.
Video Rating: 4 / 5

30 Responses to “Pain of Austerity: Debt-choked Greece braces for more cuts”

  • Asqalane1405:

    Why would want to burn the Qur’aan and want me to read your books?

    Are you one of those extremist, militant atheist?

    Instead of being so aggressive, why don’t you tell me what it is you believe in?

    What is it that you are calling people towards?

  • mphello:

    Blah blah blah.
    What a load of worthless shit the koran is.

    I am burning copies of it right now.

    Read Richard Dawkins and Daniel Dennett’s books on atheism. Learn something new, instead of being brainwashed by the cult of islam.

  • Asqalane1405:

    Allah سبحانه و تعالى‎ said,

    فَقُلْتُ اسْتَغْفِرُوا رَبَّكُمْ إِنَّهُ كَانَ غَفَّارًا
    “I [Noah] said (to them): ‘Ask forgiveness from your Lord, verily, He is Oft-Forgiving;

    يُرْسِلِ السَّمَاءَ عَلَيْكُم مِّدْرَارًا
    ‘He will send rain to you in abundance,

    وَيُمْدِدْكُم بِأَمْوَالٍ وَبَنِينَ وَيَجْعَل لَّكُمْ جَنَّاتٍ وَيَجْعَل لَّكُمْ أَنْهَارًا
    ‘And give you increase in wealth and children, and bestow on you gardens and bestow on you rivers.’”
    Qur’aan Surah Nuuh Ayaat 10-12

  • Asqalane1405:

    My advice to these people, leave the polytheism (i.e. making others as equals, partners, rivals with your Creator, in this case your taking Jesus عليه السلام as a god etc.) and ask for forgiveness of your Lord without any intermediaries or intercessors.

    Just like Noah عليه السلام told his people:

  • Asqalane1405:

    Allah سبحانه و تعالى‎ said,

    أُولَـٰئِكَ الَّذِينَ طَبَعَ اللَّهُ عَلَىٰ قُلُوبِهِمْ وَاتَّبَعُوا أَهْوَاءَهُمْ
    Those are they upon whose hearts Allah has sealed, and they follow their lusts (evil desires).
    Qur’aan Surah Muhammad Ayah 16

  • mercedescl:

    Lol. You obviously never study economics in REAL college or university. The very first class of economics is about finite resources. If you try to create a fantasy world, go ahead. I am not going to play in it.

  • mphello:

    I was trying to set up formal axioms for an economic model. That is the ONLY meaningFUL way to talk about economics. Otherwise, it’s all bullshit, as people use the same word to mean different things.

    All economics talk is bullshit and meaningless without discussing ALL absolute physical consequences: finite resources, pollution, manmade climate change, etc.
    To do so requires formal definitions of, for example, “cause and effect”.

  • mercedescl:

    Lol. You have or you have not. You have more or you have less. Yeah. Tries to make new laws. Lol. If I can make new laws, I will the king of the world.

    If you can change laws, change them. Don’t bother to start a meaningless debate on Youtube.

  • mercedescl:

    If Goldman Sachs owe you money, you have the right to ask it to pay. If Goldman can pay you, you can’t seize anything. Only if Goldman failed to pay, you CAN seize Goldman assets to the amount it owes you. I can’t see why this is “unfair”.

  • mphello:

    Your “logic” is completely backwards.

    “poor” and “rich” is just what some law that SOME individuals (whether or not those individuals are themselves rich or poor is independent of the definition) say is what you possess at the moment. It’s not some absolute. So,. some OTHER set of individuals (whether or not it overlaps with the first set) tries to make NEW laws that it (the set) considers fairer.

  • mphello:

    Your “logic” is completely backwards.

    “poor” and “rich” is just what some law that SOME individuals (whether or not those individuals are themselves rich or poor is independent of the definition) say is what you possess at the moment. It’s not some absolute. So,. some OTHER set of individuals (whether or not it overlaps with the first set) tries to make NEW laws that it (the set) considers fairer.

  • mercedescl:

    wahahaha that’s the most stupid statement I have read. The only money printing machine in Greece was in Athens museum. You have to ask how difficult it is to print billions and to make everyone rich. Well, that’s impossible. Fiat money is a confidence vote of its future convertibility and liquidity. Printing fake money will eventually lead to more economic chaos, if not total collapse.Goldman Sachs and JP Morgan don’t print money, they only create financial products.

  • mphello:

    No. You clearly know nothing about mortgage.
    X owes Y does not give Z the right to steal from X.
    Otherwise, I would then have the absolute legal right to take all of Goldman Sachs’ property and money the next time they owe JP Morgan for something.

    Because your pseudolibertarian kind rant endlessly against ANY laws (“regulations”), but then you whine and cry if disregard for law is not to your advantage.

  • mercedescl:

    Lol. Every legal document is scrutinized by dozens if not hundreds of lawyers. If someone can invent a way to kick bank lending contracts in court, someone will be the richest man in legal history. Everyone use the government to their best interest. Banks are here to provide services at fees, not charity.

  • mphello:

    There is no such thing as allah or god.

  • mphello:

    I sympathize. I have lived and worked in the USA.
    The fact is any American who votes for Republicans or Democrats,
    and American soldiers, are lazy stupid people, who never did a day of work in their lives, because they LOVE shitting money away on corporate welfare and useless or harmful jobs – like an unnecessary fascist police state that doesn’t help anybody.

    The only hard-working sacrificing people are leftwing radical atheist vegans who vote for the Green party.

  • mercedescl:

    Have you ever have a mortgage? You owe anyone money, anyone can seize your assets. If government doesn’t enforce private contracts, what would be left for lenders to continue their businesses? If you can’t lend anything, how many decades it will take you to buy a house? So, your method is just trying to make the rich richer while keeping most capital assets out of reach of the poorer.

  • mphello:

    Keep up the good work.

    No matter how many times Max Keiser points out the PROOF of the VALUE of saying “NO!” to the foreign banksters – Iceland and Argentina – how their economies recovered by kicking out the criminal freeloading super-rich – you got shitheads who deliberately try to confuse the issue by forcing austerity on the poor and those who make the most sacrifices, rather than the rich who steal and force their CO2 emissions onto everyone else.

  • mphello:

    Then all Greece needs to do is print trillions of Euros, and ignore ANY big-government regulation that tries to stop them, and give it to all the poor people in Greece, until everyone in Greece has the same level of wealth.

    Same way government allow Goldman Sachs and JP Morgan executives to print money and give it to themselves.

    THAT problem solved.

    Then people will be forced to face REAL problems: finite oil, manmade global warming, overpopulation – not artificially constructed ones.

  • mphello:

    It’s called logical consistency i.e. fairness.
    If banks are allowed to lie and commit fraud for their own benefit and claim that nobody forced the other party to enter into that contract, then individuals have that same right to say they will pay a mortgage but then to change the rules of the game later, and to use the government to THEIR advantage to enforce THOSE new rules.

    Do you want to yap about legalities, or actual WORK done?
    Because banks do NO actual work.

  • mphello:

    But the government should not help the banks seize one’s home.
    That would be government interference and global government and the use of force and government regulation and all the things the conservatives rant and complain about.
    The govt should not get involved with enforcing private contracts.

  • mphello:

    And so what if Communists want to pass laws in a country that make it illegal for 1 person to own more than twice another. So what? Since you clearly support anyone, or any group of persons, doing whatever they want in order to gain an advantage for themselves or whomever they care about, then you can’t complain about socialists or communists doing that.

  • mphello:

    So if this Greek PM is so “tough” and supports “necessary cuts”, then let’s see him openly advocate forcibly taking back all the current property and money of every Goldman Sachs and JP Morgan executive. Let’s see him show true courage.

  • megamogx:

    Print your own Money instead of being the Zionist banksters cattle….

  • mercedescl:

    That’s because almost all European nations have steep deficit and almost all European nations have outstanding debt up to their gills. If one European sovereign debt went default, almost all heavily indebt European nations will fail to find private investors to fund their deficits. This in term will trigger an accounting readjustment in all banks’ sovereign debt portfolio, starting a tumbling spiral that will reduce first tier asset into “toxic”, and then a Euro zone credit crunch will follow.

  • sag@cawing.ventilator” rel=”nofollow”>.…

    tnx for info!!…

  • adam:

    urea@composition.whod” rel=”nofollow”>.…

    спс!…

  • slurries@maiden.crows” rel=”nofollow”>.…

    спасибо за инфу….

  • ikle@groaned.washbasin” rel=”nofollow”>.…

    good info….

  • briefing@muscle.disbelieves” rel=”nofollow”>.…

    tnx for info!…

Leave a Reply for mphello