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The Egyptian Disease Spreads to Europe

Submitted by on May 30, 2011 – 9:04 pm EST2 Comments

From Cuba’s Prensa Latina:

Greece witnessed on Monday another day of protests against further cuts that the Government intends to implement in exchange for the rescue package of the European Union and the IMF.

Convened by the unions, hundreds of workers from the OTE telecommunications company took to the streets on Monday to reject the privatization plans that the adjustment contemplates.

Also, the bank workers went on strike for 24 hours as a demonstration against the relief package, which is currently being analyzed by parliament.

The new austerity measures proposed by the Executive last April seek to raise about 23 billion euros by 2015 with the privatization of state enterprises and the sale of public assets.

The rescue package of the EU and the IMF amounts to 110 billion euros and was granted in May 2010 in exchange for the imposition of severe and unpopular internal adjustments.

Over 100,000 people, mostly youths, protested in the capital and other cities over the weekend to condemn the new government plans to reduce the fiscal deficit.

Portuagal, Spain, Italy and Greece will all experience more unrest in the next few months. Then France…. then?

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