Greek Protesters Urged to Retreat from ‘Abyss’ (Video)

BBC News reports:

Greece is “on the brink of the abyss”, President Karolos Papoulias has warned, after three people died during protests over planned austerity measures. “We are all responsible so that it does not take the step into the void,” the president said in a statement.

It followed a day of violence during which protesters set fire to a bank, killing three employees. Greece’s government has vowed to pursue the spending cuts — a condition of its 110bn euro ($142bn; £95bn) bail-out.

“We are prepared to pay the heavy political cost,” Finance Minister George Papaconstantinou told parliament during Wednesday’s debate on the bill. “We will not take a single step backwards.”

The euro hit a fresh 13-month low against the dollar and European stock markets were also hit, amid concerns over Greek bail-out plans. There are also fears Greece’s debt crisis could spread to other countries.

Read More: BBC News

, , , , , , , ,

  • tonyviner

    This is something that I think definitely needs to monitored. The situation in Greece has been brewing for quite some time now, and it is good to see that people somewhere still have the balls to actually fight back against the things they do not like, right or wrong as they may be. Americans could take a cue from this. REVOLT!!!

    • Hadrian999

      the problem with revolutions is things only really change for the people at the top, life still sucks for the people on the bottom, you just have a slightly different set of corrupt bastards at the top

      • tonyviner

        If only there were a way to inform the masses of the class war being waged on them everyday, and a system of government that would effectively remove all class boundaries. One that isn't corruptible at least.

        Well, a boy can dream.

  • Anonymous

    If only there were a way to inform the masses of the class war being waged on them everyday, and a system of government that would effectively remove all class boundaries. One that isn’t corruptible at least.

    Well, a boy can dream.