Battles break in Athens following protest and celebration

Published on 17 Nov 2013
Riots broke out in Athens’ Exharchia square Sunday evening, following a commemoration of the 1973 Polytechnic School uprising. The youthful crowd burnt rubbish dumpsters as makeshift barricades, whilst others broke paving stones to throw at the surrounding police.

The clashes sparked amidst a tense environment following a day of protest and arrests of demonstrators. The disturbances were, however, not related to the day of commemoration in any direct sense, with the vast majority out in the streets avoiding being embroiled.

More than 6,000 police were deployed on the streets of the Greek capital as tens of thousands gathered, celebrating the day when Greece’s military government fell in 1974.

Thanks RuptlyTV for the video

Greek police clear former broadcaster ERT’s offices

Published on 7 Nov 2013

The Greek government is to face a vote of no-confidence in parliament following the police raid on the headquarters of the former state broadcaster.

The evacuation of dozens of journalists who had been occupying the building brought protests outside from staff laid off after the government took ERT off air in June, saying it was wasteful and mismanaged.

For five months some journalists had kept an internet news feed going – until now.

Thanks Euronews and KaFaDoKyA News for the video

Greece Passes Job Cuts As Thousands Protest

Greece Passes Job Cuts include other tough austerity measures for more than two years already with no impact on Greek economy. Something is s still wrong there but 99% Greek people.

Published on 18 Jul 2013
Greece’s parliament has narrowly approved a new batch of austerity measures that will see thousands of public-sector job cuts.

The country has been kept out of bankruptcy since it started receiving rescue loans in 2010 from the International Monetary Fund and other euro nations.

However, austerity measures demanded in return have caused a dramatic increase in poverty and unemployment.

The new legislation will put 12,500 public-sector staff, mostly teachers and municipal workers, in a programme that subjects them to involuntary transfers and possible dismissals.

It will also pave the way for 15,000 layoffs by the end of next year.

City halls across the country have been closed this week, with uncollected rubbish piling up on the streets, and unions held a general strike on Tuesday against the proposed cuts.I fully understand the hardship the Greek people are going through during the great crisis,” Finance Minister Yannis Stournaras said during the debate.

“But I am fully convinced that the path we have chosen is correct.”

Some 3,000 people protested outside Parliament in central Athens ahead of the vote, chanting anti-austerity slogans in a third straight day of protests.

The crucial vote came hours before a visit to Athens by German Finance Minister Wolfgang Schaeuble, planned amid security measures that Greece’s left-wing main opposition party denounced as “fascist and undemocratic”.

The measures include a ban of all demonstrations in the city centre, including the area outside Parliament that has been the focus of past violent protests.

It was the first major test for conservative Prime Minister Antonis Samaras since a left-wing party abandoned his coalition government last month.

The government claims it has already made progress in stabilising the shattered economy.

Thanks eyeontheworld9 for the video

Anger boiling in Athens

Published on 8 Jul 2013
Greek municipal employees and civil servants have launched a nationwide walk-out following government’s decision to axe more jobs. Greece’s international lenders say Athens must slash thousands of state workers by September to receive more money.

The labor and finance ministries are preparing lists of the first 5.000 civil servants to be laid off by the end of July. The lists include 2.500 school guards, 2.000 teachers and 500 ministerial clerks.

Thanks PressTVGlobalNews for the video

Greek public broadcaster ERT to be closed down

The Greek public broadcaster ERT is to close down almost immediately, the government has announced, causing shockwaves across the country.

Three TV channels, several radio stations and the internet service will stop operating from midnight on Tuesday.

The move, which brought immediate protests outside the broadcaster’s headquarters, is the latest austerity measure imposed because of the demands of international lenders.

“With one page of this unconstitutional decree, one act of legislation in one night, they are destroying or trying to destroy the national TV,” said employment lawyer Dimitris Perpataris, among the protesters.

One member of staff added: “They’re laying their hands on ERT – we, the employees are going to smash their hands.”

The government said a new restructured public service would be up and running as soon as possible.

Stunned workers gathered inside the headquarters. It is thought more than 2,500 are to be laid off, and far fewer will be retained by the new service.

Thanks Euronews for the video

Greek health workers protest against ‘destruction’

Greek health workers have protesting in front of the parliament building in Athens over cutbacks in spending, saying the cuts have caused the collapse of the Greek health system

They were joined by health sector workers from France, Belgium and Portugal, who were in Athens for a summit.

A French protester said that Greece was a test for “the destruction” of the health system for all of Europe.

Protesters complained that wage and staff cuts have increased their work load and made their job impossible.

This comes after the European Union, the International Monetary Fund and European Commission clashed on their handling of the initial Greek bail out.

The IMF said that the debt should have been restructured in 2010, and instead pushed an extra burden onto euro zone taxpayers.

At the protest, Greek trade unionist Kostas Tsikrikas said he feels recognising the mistakes has come too late. He said: “The cuts were both unjust for workers but also represent a street to nowhere.”

Thanks Euronews for the video

Greek’s general strike – enough is enough

The country’s main banks are considering requesting additional funds for their recapitalization.

Senior bank officials say that the rapid deterioration in financial conditions caused by the back-to-back elections in mid-2012 has led to a greater increase in nonperforming loans than originally foreseen in the BlackRock report a year ago. They add that banks should proceed to greater share capital increases in order to respond to the new reality.

Ernst & Young estimates that nonperforming loans in Greece approached 24 percent of all loans at the end of 2012.

The bond buyback dealt another great blow to the credit sector that has made a revision of the capital requirements necessary. The Bank of Greece had estimated that operating profits for National, Alpha, Eurobank and Piraeus for the 2012-14 period would amount to 11.09 billion euros, which had been excluded from the calculation of the lenders’ capital needs. One of the main sources of those future revenues would have been the interest from the bonds amounting to 16 billion euros that banks had in their portfolios. However, the so-called voluntary sale of the bonds entailed a loss of those revenues for the banks.

According to estimates for the country’s four main banks, the buyback signifies a revenue reduction of at least 1.5 billion euros, thereby increasing their capital requirements. The Bank of Greece has announced that the four systemic banks will need in the region of 27.5 billion euros for their recapitalization, but if that estimate on the buyback is upheld, the bill will reach up to at least 29 billion euros.

The four lenders’ losses from the credit risk (including loans in Greece and abroad) are estimated at 14.58 billion euros, but if the deepening of the recession is factored in, the losses would grow by about 10 to 20 percent and the capital needs would expand by between 1.5 and 3 billion euros..
As a result the capital stock of 5 billion euros formed by the Bank of Greece for future needs may have to be used immediately by the big banks, eventually taking the total bill of the recapitalization process to over 30 billion euros “again”.

Thanks ZeroPoint2013 for the video

Greece’s Uncertain Future

This short documentary looks at the current social crisis in Greece, the growth of alternative economies, general strikes, and the rise of the anti-fascist movement in response to violent attacks by the far-right. After six years of recession, the situation in Greece is growing increasingly dark. As the unemployment rate continues to rise and salaries continue to drop, the country has descended into an increasingly unpredictable situation.

Thanks Libcom Dot Org for the video