SAR chief: Special program to localize railway industry to be announced next week    Several US states move to eliminate high school graduation exam requirements    Saudi-French Ministerial Committee agree to work together to upgrade bilateral partnership for AlUla    Saudi Music Commission launches MusicAI global platform for learning and teaching music    Saudi Arabia bans commercial use of symbols and logos of other countries    Israeli airstrikes target Beirut's southern suburbs    Fire at hospital in India kills 10 infants; investigation underway    Xi Jinping: Efforts to block economic cooperation are 'backpedaling'    Residents of several towns in Victoria, Australia ordered to evacuate due to bushfires    Jake Paul defeats Mike Tyson in lackluster showdown at Dallas Cowboys' home    Spectacular opening of the 2024 Thailand International Mega Fair in Riyadh    Mike Tyson slaps Jake Paul during final face-off    South Africa's Mia le Roux pulls out of Miss Universe pageant    Questions raised over Portugal's capacity to host Europe's largest annual tech event    Riyadh lights up as Celine Dion and Jennifer Lopez dazzle at Elie Saab's 45th-anniversary celebration    Saudi Arabia's inflation rate hits 1.9% in October, the highest in 14 months    Australia and Saudi Arabia settle for goalless draw in AFC Asian Qualifiers    Order vs. Morality: Lessons from New York's 1977 Blackout    South Korean actor Song Jae Lim found dead at 39    Don't sit on the toilet for more than 10 minutes, doctors warn    Saudi Champion Saeed Al-Mouri scores notable feat in Radical World Championship in Abu Dhabi with support from Bin-Shihon Group    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Patience is running out in Greece
By Renee Maltezou and Dina Kyriakidou
Published in The Saudi Gazette on 18 - 04 - 2010

Athens florist Lila Mastora says austerity measures have nearly wiped out her business and blames politicians for a debt crisis whose only remedy may be an international bailout.
“Yesterday we only made 10 euros. We haven't paid the rent in two months,” said Mastora, 48, as she arranged a funeral wreath at her shop near the Greek parliament.
“Who is going to buy flowers in such hard times? Average people shouldn't pay for this crisis. It's the politicians' fault.”
As Prime Minister George Papandreou prepares Greece to swallow the bitter pill of EU/IMF international aid and avoid bankruptcy, polls show a stoic public has faith in him, if not his policies during 6 months in power.
An opinion poll Friday showed two thirds of Greeks are dissatisfied with his socialist government's performance but his own approval rating actually improved slightly to 68 percent.
Papandreou has cut public salaries, hiked taxes and frozen pensions. He is trying to impose tough measures to cut budget deficits and convince that the measures are just. The public appeared to be giving him more time but not for long.
About 66 percent of those asked in the Public Issue poll believed social unrest will mount in the coming months.
“I don't believe things will get better. I am not prepared to make more sacrifices because I don't think these measures or any future cuts will get us out of the crisis,” said office clerk Anastasia Griva, 49. “This is not our fault. The rich, the politicians, the tax evaders must pay.”
Analysts say voters are willing to give the government time but, come autumn, they will demand visible results to show that their sacrifices are paying off or take to the streets.
Polls show the public blames decades of political corruption for cronies for the country's ills. Many in the private sector say they resent paying taxes to spoiled civil servants. Nearly one in five Greeks work in the public sector.
“I just went to a ministry and only two out of six employees were actually working,” said Elena Plexida, 51, a court clerk on lunch break. “They have to fire them because they don't work.”
The government has said it wants to discuss the terms of a 40-45 billion euro EU/IMF package, stopping short of activating the mechanism agreed by euro zone partners.
In a country where the word “spread” – the premium Greece has to pay over Germany to borrow – is heard in cafes and taxis from non-English speakers and regularly makes the front page, debt costs hang like a Damoclean sword over average people.
During the first recession in 16 years, unemployment hit a five-year record high of 10.3 percent in the last quarter of 2009 and is not expected to peak any time soon.
Many say there is no option but to seek outside help.
“Unfortunately the country is not experiencing the happiest of days,” wrote columnist Antonis Karakousis in the daily To Vima. “To be honest, within days we will be under international monitoring and tutelage.”
Investors have pounded Greek markets amid concerns over the country's solvency. Greece carries a 300 billion euro debt load and borrowing costs have risen to euro era record levels.
Most Greek opposition parties oppose the aid package, saying the tough conditions that come with it will hurt the poor, and unions have announced strikes. But economists and industrialists have asked the government to bite the bullet.
“The most realistic choice is to ask the activate the mechanism immediately,” said Dimitris Daskalopoulos, president of the industries association SEB.
“There is no point in negotiating ... a time table of implementing reforms that we should have done ourselves years ago.”
The socialists came to power in October to reveal the defeated conservatives had grossly under-reported the budget deficit, launching a fiscal crisis that has reverberated across international markets.
“Who's fault is this?” said central Athens garbage collector Panagiotis Fasoulas, 56, while piling bags on his truck. “Politicians and their governments took our money.”
The conservative opposition is still reeling from its defeat, the price of a string of scandals and destructive riots that froze Greece for weeks, and a leadership change has not appeased a bitter public.
“I usually vote for the right but let's support Papandreou so he can get us out of the crisis,” Fasoulas said. “My salary was cut, I can barely make ends meet but I will be patient.”


Clic here to read the story from its source.