11/02/2012
⦠but not for very much longer
it would seem. There is definitely a sense that we are moving to the end game. Prime minister Lucas Papademos had offered new austerity measures worth â¬3.3bn to secure the euro lifeline, but that was not enough to assuage the Gods of Brussels.
Before they deliver unto the creditors of Greece the â¬130 billion, they want another â¬325m in "cuts". Papademos has been instructed to get the â¬3.3bn programme endorsed and come up with a plan for the new cuts â to plug a gap in this year's budget â by Sunday.
George Karatzaferis, a Greek coalition leader, spoke of national humiliation and said he would not accept the new cuts, adding that Greece was labouring "under the German boot". The people are being given
a choice between catastrophe or catastrophe.
This is not going to end well.
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