The Destruction of Greece, Socialism & Unions & Corrupt Government
When will America learn? Unlike Greece when America Falls, and it will, when it falls there will be no bailout, no help from anyone.
Every time Bernie Sanders and Hitlery say: "Free this and Free that" I just want to spit in their faces.
Nothing is free.
If Mr. Trump does not win America is doomed. And yeah, I'm very happy America didn't want another lawyer at the helm, but opted instead for a businessman.
Right now America's "Greece" is Puerto Rico. Puerto Rico is $72 BILLION in debt and mainland America will bail them out. California is next. This is socialism at its finest !!!!!
I did find it very amusing that socialism is destroying Greece and they voted another socialist into office.......... Proving; You can't fix stupid.
Greek Lawmakers to Vote on Austerity Measures as Protests Continue
By MARCUS WALKER
May 8, 2016 6:22 a.m. ET
Greek government hopes tax and pension reforms will unlock bailout funds but creditors remain deadlocked
ATHENS—Greece’s parliament is due to vote on pension overhauls and tax increases on Sunday night amid strikes and street protests, in a move the government hopes will impress the country’s creditors and unlock bailout funds.
But Greece’s most influential creditors, Germany and the International Monetary Fund, remain deadlocked over the terms of Greece’s bailout plan, which the IMF thinks is badly flawed but Germany says can’t be changed.
The Eurogroup, as the committee of eurozone finance ministers is known, will meet in Brussels Monday to discuss Greece’s fiscal strategy and the sustainability of its debts. A resolution of the deep differences isn’t expected.
The legislation on which Greek lawmakers will vote covers the bulk of a package of austerity measures worth around €5.4 billion ($6.16 billion), or 3% of gross domestic product, that creditors have asked for.
The legislation includes a simplification of Greece’s fragmented and costly pension system, which lenders and Greece’s ruling left-wing Syriza party agree is long overdue. But cuts to entitlements and increases in workers’ contributions have provoked opposition from Greek labor unions and other professional groups.
The measures are expected to pass, although the government has little scope for any rebellion by its lawmakers. The Syriza-led coalition has a majority of only three seats in the 300-member parliament. The problem for Prime Minister Alexis Tsipras is that key creditors won’t be satisfied with Sunday’s measures alone.
In a letter to eurozone finance ministers sent on Thursday, IMF head Christine Lagarde said Europe is trying to make Greece reach an unrealistically high budget surplus. If Europe won’t reduce the target, she said, then Greece will need to introduce austerity measures worth a further 2% of GDP.
cont:
http://www.wsj.com/articles/greek-la...nue-1462702950
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