Sunday, February 12, 2012
Violent Greek protests against new austerity measures
The Greek parliament managed to pass the new austerity measures demanded by the Troika. In reaction protesters are out on the streets and some buildings have been set on fire. At least ten buildings have been torched so far.
Demonstrators have been clashing with riot police throughout the day. The technocratic prime minister Lucas Papademos is urging calm. The austerity legislation is meant to clear the way for a $171.1 billion bailout payment.
Up to 37 protesters were injured in the protests and many police officers as well. For more see this CBC article. Another article points out that even if there is eventually a default all is not lost. Argentina defaulted some time ago and now its economy is growing by leaps and bounds.