Greece bailout is causing outrage

Greece is a debt-ridden country right now with a needed bailout of 130 billion euros. However, lawmakers are facing tough new conditions that they must meet before the euro zone finance ministers will sign off and give them the billions of euros that are needed. Trade unions began a two day strike to protest the serious measures the deal would require. Hooded youths tossed stones and police set off tear gas and fired stun grenades to defend themselves and try and put a stop to the riots. The youths smashed concrete and threw pieces of marble and stone as well as Molotov cocktails at the police. Three things but be done before the sign off happens says the prime mister of Lexembourg. First, the reform package that was agreed upon by Greece and the European Commission, European Central Bank and International Monetary Fund, must be approved by Parliament this weekend. Secondly, Greece’s political leaders must agree to continue to implement the measures after election in April. The last element that must be done is that Greece must also find 325 million euros in “structural expenditure”. A cabinet meeting is scheduled for Friday evening to discuss the situation.

Everything is being done by the Greek government that can be done but the trade unions and youths are reacting in a manner that is only slowing down the process of getting the bail-out. These riots are effecting the whole world population because it is costing millions in repairs for the damages and it is also setting a bad example for other protesters in the world and pretty much saying that it is appropriate to have an outrage when your government is facing struggle. If the trade unions and other protesters would just calm down and stay out of it, then Greece could work harder on trying to get the three things that are needed for the sign-off rather than trying to fight them off. The sad thing that the protesters and trade unions are obviously not thinking about is about the money that Greece is going to have to spend on repairs for the streets. This money could be going to the people and working on their debt rather than spending it on their outrages.


http://www.cnn.com/2012/02/10/world/europe/greece-debt-crisis/index.html?hpt=wo_c2