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Athens buildings burn as lawmakers weigh austerity
Yahoo ^ | 2/12/12 | Harry Papachristou and Yannis Behrakis - Reuters

Posted on 02/12/2012 12:53:20 PM PST by NormsRevenge

ATHENS (Reuters) - Historic cinemas, cafes and shops went up in flames in central Athens on Sunday as black-masked protesters fought Greek police outside parliament, while inside lawmakers looked set to defy the public rage by endorsing a new EU/IMF austerity deal.

As parliament prepared to vote on a new 130 billion euro bailout to save Greece from a messy bankruptcy, a Reuters photographer saw the buildings engulfed in flames and huge plumes of smoke rose in the night sky.

The air over Syntagma Square outside parliament was thick with tear gas as riot police fought running battles with youths who smashed marble balustrades and hurled stones and petrol bombs.

Government officials warned that Greeks faced "unimaginably harsher" sacrifices if parliament rejected the package, which demands deep pay, pension and job cuts, when it votes later in the evening.

But on the streets many businesses were ablaze, including the neo-classical home to the Attikon cinema dating from 1870 and a building housing the Asty, an underground cinema used by the Gestapo during World War Two as a torture chamber.

As fighting raged for hours, protesters threw homemade bombs made from gas canisters as riot police advanced across the square on the crowds, firing tear gas and stun grenades. Loud booms from the protests could be heard inside parliament.

"Tear gas has reached the parliament chamber," said leftist lawmaker Panagiotis Lafazanis.

After days of dire warnings and threats of rebellion, parliament began debating a bill setting out 3.3 billion euros ($4.4 billion) in wage, pension and job cuts this year alone, to secure funds Greece needs to avoid bankruptcy next month.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Culture/Society; Foreign Affairs; Front Page News; Germany; Russia; United Kingdom
KEYWORDS: athens; austerity; buildings; burn; countdown2war; europeanunion; france; germany; greece
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If you lose the Republic, you lose everything..

I'm Sad and glad here.. Sad for the people that work hard there and glad I got to see a little GReece before it gets 'ruined' again.

1 posted on 02/12/2012 12:53:20 PM PST by NormsRevenge
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To: NormsRevenge

Coming soon to a nation near you. :)


2 posted on 02/12/2012 1:00:07 PM PST by Tzimisce (Never forget that the American Revolution began when the British tried to disarm the colonists.)
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To: NormsRevenge

perhaps not. perhaps they are relearning the forgotten lesson

the people lack the discipline to govern themselves

they vote to take that which is not theirs and the result is nasty

we are about tho learn that same lesson. or rather we are relearning that lesson


3 posted on 02/12/2012 1:00:49 PM PST by bert (K.E. N.P. +12 ..... Crucifixion is coming)
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To: NormsRevenge

Give me free pie or I burn down the bakery!


4 posted on 02/12/2012 1:01:15 PM PST by RoosterRedux (Go Newt!)
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To: NormsRevenge

” saw the buildings engulfed in flames and huge plumes of smoke rose in the night sky.

The air over Syntagma Square outside parliament was thick with tear gas as riot police fought running battles with youths who smashed marble balustrades and hurled stones and petrol bombs. “

This sounds like a pretty major escalation in the intensity of Greek ‘demonstrations’..

Not looking good....


5 posted on 02/12/2012 1:03:00 PM PST by Uncle Ike (Rope is cheap, and there are lots of trees...)
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To: NormsRevenge

The ‘67 riots in Detroit (and other ‘rat cities) certainly got those places on the right trajectory....


6 posted on 02/12/2012 1:03:56 PM PST by Paladin2
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Greece's Finance Minister Evangelos Venizelos and the head of the International Monetary Fund (IMF) Christine Lagarde (R) attend a Eurogroup meeting at the European Union council headquarters.


7 posted on 02/12/2012 1:04:15 PM PST by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
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To: NormsRevenge

The Greek problems are so sad. However, their present mess is our future mess.


8 posted on 02/12/2012 1:06:04 PM PST by AEMILIUS PAULUS (It is a shame that when these people give a riot)
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To: NormsRevenge
"...got to see a little GReece before it gets 'ruined' again. .."

Good Point! I hadn't really thought about it, but there are definitely reasons why there are "ruins" strewn about the world.

9 posted on 02/12/2012 1:07:41 PM PST by Paladin2
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To: Tzimisce

Greece has always been a sideshow. Things will get really interesting when similar austerity measures are introduced in Italy, Spain and France. Doubt the Germans will be as tough with this group as they are with Greece. The rioting has really frightened the bureaucrats in Brussels and the IMF. However if the deficit spending continues, the EU will likely implode. Just hope our esteemed President doesn’t commit the American taxpayer too deeply in this mess. Think the Keynsians are learning anything?


10 posted on 02/12/2012 1:09:23 PM PST by allendale
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To: AEMILIUS PAULUS
Well, you can just look at the Packard Plant in Detroit. It's been sitting there since ~1956.


11 posted on 02/12/2012 1:10:22 PM PST by Paladin2
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To: NormsRevenge

12 posted on 02/12/2012 1:12:05 PM PST by JediJones (Newt-er Romney in 2012!)
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To: allendale
"Think the Kenyansians are learning anything?"
13 posted on 02/12/2012 1:12:43 PM PST by Paladin2
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To: allendale
"Think the Kenyansians are learning anything?"
14 posted on 02/12/2012 1:13:14 PM PST by Paladin2
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To: Paladin2

bump


15 posted on 02/12/2012 1:14:51 PM PST by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: RoosterRedux
"or I burn down the bakery!"

OR, salt the earth of the grain fields.

16 posted on 02/12/2012 1:17:53 PM PST by Paladin2
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To: RoosterRedux
"or I burn down the bakery!"

OR, salt the earth of the grain fields.

17 posted on 02/12/2012 1:18:23 PM PST by Paladin2
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To: NormsRevenge
Government officials warned that Greeks faced "unimaginably harsher" sacrifices if parliament rejected the package, which demands deep pay, pension and job cuts, when it votes later in the evening.

What is considered "deep?"

18 posted on 02/12/2012 1:19:42 PM PST by RightField (one of the obstreperous citizens insisting on incorrect thinking - C. Krauthamer)
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To: NormsRevenge

When I read this I have two thoughts:

1. When this reallly goes you will see major banks and hedge funds swarming over the body looking for trillions in payouts for credit default swaps. That is not good.

2. There is more media time spent on that drug addled d-bag that died in Beverly Hills than this. The impact of a defaulting Greece is the first dominoe to fall. Italy will make these riots look like your average Saturday night football hooligan riot.


19 posted on 02/12/2012 1:32:43 PM PST by Vermont Lt (I just don't like anything about the President. And I don't think he's a nice guy.)
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To: NormsRevenge

The Greek chaos is coming here eventually because we are just as broke as they are. We are now in a civil war over debt slavery to the welfare state and you don’t need to have a crystal ball to see a collapse coming.
I wrote a full book on what a modern civil war will look like, it isn’t like CWI. A lot of things change because of the Internet. Also, the regime can’t count on the army, so it is fighting with proxy armies of union brownshirts, OWS anarchsts and illegals. But it is still a civil war. No one will want it or try to start it on the right, it is just baked into the cake because the financial mountains are so huge.
“Surviving Civil War II: Preparing For Political, Social & Economic Collapse” http://www.futurnamics.com/civilwar.php


20 posted on 02/12/2012 1:52:09 PM PST by DaxtonBrown (http://www.futurnamics.com/reid.php)
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To: NormsRevenge

To paraphrase James Brown:

“Coming to America... block by block... burn the nation”

LLS


21 posted on 02/12/2012 1:53:35 PM PST by LibLieSlayer (Hey repubic elite scumbags... jam mitt up your collective arses!)
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To: NormsRevenge

Everybody’s hurting economically so what do they do. They destroy assets. Makes as much sense as anything else done in Greece I suppose!


22 posted on 02/12/2012 2:21:46 PM PST by HiTech RedNeck (Sometimes progressives find their scripture in the penumbra of sacred bathroom stall writings (Tzar))
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To: NormsRevenge

The best way to help these people is to do nothing.

Let it collapse around them, let them reap the fruits of their socialism.

The survivors might have learned what not to do as they rebuild.


23 posted on 02/12/2012 2:34:20 PM PST by Iron Munro ("Don't pick a fight with an old man. If he is too old to fight he'll just kill you." John Steinbeck)
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To: AEMILIUS PAULUS

-——The Greek problems are so sad. However, their present mess is our future mess.——

Not if we act now to reign in the debt and start growing the economy again....

It will take some hard decisions that will affect millions of people to make them became part of the productive class rather than the parasite class...

Of course that is as likely to happen as Ron Paul becoming POTUS


24 posted on 02/12/2012 2:59:32 PM PST by Popman (America is squandering its wealth on riotous living, war, and welfare.)
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To: Iron Munro

California preview...


25 posted on 02/12/2012 3:02:06 PM PST by JmyBryan
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To: NormsRevenge

http://www.zerohedge.com/news/greek-parliament-passes-latest-austerity-vote


26 posted on 02/12/2012 3:09:25 PM PST by Walmartian (An update is available for this tagline. Click here to download.)
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To: NormsRevenge

http://www.zerohedge.com/news/greek-parliament-passes-latest-austerity-vote


27 posted on 02/12/2012 3:09:52 PM PST by Walmartian (An update is available for this tagline. Click here to download.)
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To: NormsRevenge

http://www.zerohedge.com/news/greek-parliament-passes-latest-austerity-vote


28 posted on 02/12/2012 3:10:00 PM PST by Walmartian (An update is available for this tagline. Click here to download.)
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To: NormsRevenge

It looks like Greece could make a big step just by cutting his meal allowance!

29 posted on 02/12/2012 3:11:02 PM PST by freedumb2003 (Spoiler Alert! The secret to Terra Nova: THEY ARE ALL DEAD!!!)
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To: freedumb2003

Who’s Fatty Arbuckle?


30 posted on 02/12/2012 3:12:51 PM PST by Revolting cat! (Let us prey!)
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To: NormsRevenge

When entitlement zombies come face to face with reality...


31 posted on 02/12/2012 3:23:03 PM PST by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: Popman

“to make them became part of the productive class”

Good luck with that.

You can’t make someone productive.


32 posted on 02/12/2012 3:24:21 PM PST by dynachrome ("Our forefathers didn't bury their guns. They buried those that tried to take them.")
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To: Tzimisce

Gimme gimme gimme and make someone else pay for it. When you don’t get what you want, riot. This is the end result of an active program of government dependence.


33 posted on 02/12/2012 3:36:40 PM PST by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: RoosterRedux
Give me free pie or I burn down the bakery!

He's already gotten his pie.

34 posted on 02/12/2012 3:42:37 PM PST by plain talk
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To: dynachrome

——You can’t make someone productive.——

I think you can if given the right incentive like given the choice between eating and starving ....can motivate one in the right direction....

I would think most people would rather work than starve .....but than that would make me a mean spirited evil rethug....with no compassion for the “victimhood” mentality.... / s


35 posted on 02/12/2012 3:44:02 PM PST by Popman (America is squandering its wealth on riotous living, war, and welfare.)
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To: Paladin2

And, as is typical of Communism/Socialism...he will salt his own fields.


36 posted on 02/12/2012 3:46:07 PM PST by RoosterRedux (Go Newt!)
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To: Popman
People don't need to be given the incentive to survive...they must have the natural desire to survive (a desire which overwhelms faulty/foolish/humanist ideology).

They all have it...only their brainwashing has neutralized it!

37 posted on 02/12/2012 3:50:00 PM PST by RoosterRedux (Go Newt!)
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To: NormsRevenge

Reichstag fire?


38 posted on 02/12/2012 3:50:55 PM PST by Fast Moving Angel (Newt's not a perfect candidate but Jesus isn't running this year. - shoff)
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To: dynachrome

-——You can’t make someone productive.-——

of course you can.

You can give a typist an IBM Selectric and then a word processor. You can give a tire changer an air ratchet. You can give a carpenter a circular saw and an air nailer . You can give a grave digger a back hoe You can give a small contractor an I phone


39 posted on 02/12/2012 3:50:55 PM PST by bert (K.E. N.P. +12 ..... Crucifixion is coming)
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To: Vermont Lt

Italy will make these riots look like your average Saturday night football hooligan riot.


Italy will have civil war of some sort. The north is sick and tired of the south mooching. Kind of funny.........northern Italy has a “green” movement. Literally. The green stands for money. Folks in the north are starting to paint things green,like crosswalks and such, to remind the locals of the movement.


40 posted on 02/12/2012 4:00:04 PM PST by cornfedcowboy (Trust in God, but empty the clip.)
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To: bert

I took that as make = force someone to be productive.

Give someone who has been on welfare a long time a hammer, and it would probably just confuse them.


41 posted on 02/12/2012 4:20:23 PM PST by dynachrome ("Our forefathers didn't bury their guns. They buried those that tried to take them.")
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To: NormsRevenge
The air over Syntagma Square outside parliament was thick with tear gas as riot police fought running battles with youths who smashed marble balustrades and hurled stones and petrol bombs.

I really liked sitting around Syntagma Square. One of my favorite places. GB was my favorite place to stay in Athens. ( can not imagine what it must be like now). The fumes from the traffic was part of the charm. Hope the violence dose not destroy the Plaka and the Acropolis.

42 posted on 02/12/2012 4:22:56 PM PST by Irish Eyes
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To: Paladin2
Kenyansians

That's a new one.

43 posted on 02/12/2012 4:29:52 PM PST by Misterioso (The uncontested absurdities of today are the accepted slogans of tomorrow. - Ayn Rand)
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To: plain talk

“Head! Paper! Now!”


44 posted on 02/12/2012 4:36:10 PM PST by Argus
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To: NormsRevenge; Impy; fieldmarshaldj; AuH2ORepublican; GOPsterinMA; randita; JulieRNR21; Liz; ...

In a worst case senario, it could happen in the U.S. I’m not saying that it will and I think that most Americans wouldn’t do this, but when people panic and then form groups, they don’t act rationally.


45 posted on 02/12/2012 4:46:57 PM PST by Clintonfatigued (A chameleon belongs in a pet store, not the White House)
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To: NormsRevenge
new 130 billion euro bailout

ZeroHedge says the bailout is now E210 Billion.

46 posted on 02/12/2012 4:59:50 PM PST by John123 (US$ - I owe you nothing. Euro - Who owes you nothing.)
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To: DaxtonBrown

I agree. Thanks for the link. I will check it out.


47 posted on 02/12/2012 5:00:48 PM PST by MachIV
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To: All
It was recently revealed that politicans destroyed the Greek govt-----hollowed out from within----with some 535 fully-staffed govt departments that had no discernible purpose. The American economic nightmare continues below.

================================

The Stimulus Bombshell
MyGovCost.org ^ | 1/24/12 | Craig Eyermann
FR Posted January 31, 2012 by GSWarrior

Stunning.

That’s really the only word we can use to describe the release of a “sensitive and confidential” 57 page memo, written by then soon-to-be U.S. Treasury Secretary Larry Summers in December 2008, about what became President Obama’s signature economic program in the first year of his presidency: the “stimulus package”.

James Pethokoukis has summarized some of the most significant aspects of the memo, which we’ve excerpted below, and which reveals the Obama administration’s thinking behind what became an over 821 billion dollar boondoggle. The bold text represents Pethokoukis’ summary of that thinking, which is directly followed by a supporting quotation from Larry Summers’ memo:

1. The stimulus was about implementing the Obama agenda. The short-run economic imperative was to identify as many campaign promises or high priority items that would spend out quickly and be inherently temporary.... The stimulus package is a key tool for advancing clean energy goals and fulfilling a number of campaign commitments.

2. Team Obama knows these deficits are dangerous (although it has offered no long-term plan to deal with them). Closing the gap between what the campaign proposed and the estimates of the campaign offsets would require scaling back proposals by about $100 billion annually or adding new offsets totaling the same. Even this, however, would leave an average deficit over the next decade that would be worse than any post-World War II decade. This would be entirely unsustainable and could cause serious economic problems in the both the short run and the long run.

3. Obamanomics was pricier than advertised. Your campaign proposals add about $100 billion per year to the deficit largely because rescoring indicates that some of your revenue raisers do not raise as much as the campaign assumed and some of your proposals cost more than the campaign assumed.... Treasury estimates that repealing the tax cuts above $250,000 would raise about $40 billion less than the campaign assumed.... The health plan is about $10 billion more costly than the campaign estimated and the health savings are about $25 billion lower than the campaign estimated.

4. Even Washington can only spend so much money so fast. Constructing a package of this size, or even in the $500 billion range, is a major challenge. While the most effective stimulus is government investment, it is difficult to identify feasible spending projects on the scale that is needed to stabilize the macroeconomy. Moreover, there is a tension between the need to spend the money quickly and the desire to spend the money wisely. To get the package to the requisite size, and also to address other problems, we recommend combining it with substantial state fiscal relief and tax cuts for individuals and businesses.

5. Liberals can complain about the stimulus having too many tax cuts, but even Team Obama thought more spending was unrealistic.

As noted above, it is not possible to spend out much more than $225 billion in the next two years with high-priority investments and protections for the most vulnerable. This total, however, falls well short of what economists believe is needed for the economy, both in total and especially in 2009. As a result, to achieve our macroeconomic objectives—minimally the 2.5 million job goal—will require other sources of stimulus including state fiscal relief, tax cuts for individuals, or tax cuts for businesses.

6. Team Obama thought a stimulus plan of more than $1 trillion would spook financial markets and send interest rates climbing. To accomplish a more significant reduction in the output gap would require stimulus of well over $1 trillion based on purely mechanical assumptions—which would likely not accomplish the goal because of the impact it would have on markets.

48 posted on 02/12/2012 5:17:45 PM PST by Liz
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To: NormsRevenge

When a government holds power by distributing goodies, this is what happens when the goodies stop.


49 posted on 02/12/2012 5:25:26 PM PST by Salman
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To: NormsRevenge
I've seen him before.
50 posted on 02/12/2012 5:54:03 PM PST by EEGator
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