Troika

Today the Greek population is expecting more violent episodes against protesters around the country, as the second 24h general strike in a few months takes place. The estimates are that around 20 thousand people have stayed home in Athens alone: the strike was led by unions and called for in private and public sectors, including lawyers, teachers, state hospitals, air traffic controllers and public transport, who will operate under minimums to allow more people to reach protests. All day long people have been gathering in the iconic Syntagma Square, the center point of the movement in Athens, located right in front of Parliament. These actions are a result of the severe desperation of citizens around the country, who are being suffocated by the brutal austerity measures programmed by the Troika (IMF, European Central Bank and the European Commission). The latest news is that at least 30,000 civil servants will be laid off to try and reach the 7.5% public deficit benchmark, agreed for the second massive loan to take place (the figure is currently at 8.5%). This has led to the general notion that all the costs are being pushed onto the population, while the benefits of the bailout deal lie with the bankers, as ex-European Central Bank economist, Omar Issing, openly admitted to the New York Times: “Everyone knows this was a good deal for the banks [...] it will not help Greece at all.”