greek revolt haunts the rulers of europe

by Mark Ellingsen

A class war has broken out in Greece, and there is a palpable fear amongst the international ruling class that workers will not submit to paying for the bailout of financial institutions. Stock markets tumbled during a week in which public and private sector workers in Greece went on strike and only recovered when the EU agreed an emergency fund to defend the euro. But even now doubts still linger amongst investors as to whether this will actually resolve the underlying problem of state debt.

The turmoil in Greece has seen protestors storm the Acropolis unfurling banners appealing to Europe to rise up; teachers interrupting an interview with the Education Minister on state television; and a general strike on 5th May with a demonstration of at least 100,000 in which some workers tried to storm the Greek parliament. Continue reading “greek revolt haunts the rulers of europe”