Things Get Worse, As Troika Reportedly Demands Massive New Spending Cuts In Greece

[FarCenter]

None of the news coming out of Greece this weekend has been reassuring, starting with the dramatic development whereby George Papandreou had to turn his plane around, while en-route to DC, in order to attend to matters back in Athens.

Now, according to a Greek newspaper (via Matina Stevis) the troika (EU, ECB, IMF) is demanding the Papandreou government sack another 100,000 public sector workers over the next two years in exchange for the next tranche of bailout money. The Troika is also demanding deeper pension cuts than had been planned to.

Read more: http://www.businessinsider.com/troika-reportedly-demands-another-100000-public-sector-workers-in-greece-2011-9

[Jackpine Radical]

1. The turn of the screw.

The looting of Greece continues apace as the international banksters continue to bleed their victim.

[DJ13]

2. They should give the terrorist banksters the finger & pull out of the EU

[FarCenter]

3. They should have never adopted the Euro

But the best analogy that I've heard is that they were like a woman who thought that she had married into money, and could live well without working.

Now we await the divorce.

[DJ13]

6. I like that, it does fit the situation!

[roamer65]

4. Germany knows this won't float in Greece.

Either Germany is planning to kick Greece out of the Euro, or planning to withdraw from it themselves.

[Safetykitten]

5. They should just put everyone in leg chains with bank logos and get it over with.

[banned from Kos]

7. What is the Troika's alternative? The Germans refuse to fund

Greece's social programs.

The Troika has no choice.

[leveymg]

8. Just go ahead and default already.

Nationalize the banks and all the rest of the multinational holdings. Let the troika sort it out for themselves.

[xchrom]

9. +1