Some 50-80,000 people are estimated to have gathered in peaceful, non-political protest in front of the parliament buildings in Athens yesterday evening. This is an ongoing daily protest which gathers each evening. For a country with a population of 11.3m of which 4m live inAthens, it was an impressive display, particularly because it was not political or affiliated with any union. The political reaction so far to relatively small, peaceful crowds that gather each evening has been “meh”.
Our biggest protest during the financial crisis was 100-200,00 in 2009 when the (original) pension levy was introduced.
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The IMF and EU teams seem to be working away quietly on their review mission in Athenswhilst the discussions about new austerity measures and privatisations get louder. There were rumours yesterday evening that the Greek prime minister was considering a referendum on new austerity measures though that seems to have been dismissed today with the claim that he is only seeking “consensus” – remember the prime minister controls 160 of the parliament’s 300 seats so “consensus” is a PR exercise, but it is one advocated by the IMF and EU. There were small-ish (by Greek standards) demonstrations on the streets yesterday evening when some 20,000 protesters across a number of cities staged peaceful protests.
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This morning I nearly fell out of my bed when I heard Ivan Yates and Willy Slattery Head of Ireland State Street in the IFSC take opposite sides to the problems of Irelands Debts .Judging from Mr.Slattery utterances and his categorical support for Mr. Edna Kenny’s declaration that there will be no default speaks volumes. This confirms to me that the Bondholders have indeed their feet under the cabinet table .By voting out the Last government we have unwittingly placed the spokespersons and lobbyists for the Funds industries and bond holders at the centre of power in Ireland .Just listen to this banisters blatant defence of his own interests and that of the international hot money industry in the IFSC. His claim that we now have good transparency in the Finances of the country is laughable and an outright lie. There is estimated 1.75 trillion Euros in managed funds in the IFSC and I would like to know what percentage is been paid in taxes for the secure harbour the Irish government is giving these dubious funds .after all let’s say the government gets .5% that would equate to an instant 8 750 000 000 Billion .in taxes for the hard pressed Irish Government.
Now why did Mr.Slattery not suggest his industry pay this tax??? No he wants the low paid workers and the unemployed to cough up and keep him and his cronies in business in the IFSC.As for Mr. Yates at least he understands that we simply cannot pay these debts as we simply do not have the earnings capacity .