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Europe
Greek parliament in chaos over revised bailout plan
2012-10-25
When is the Greek parliament not in chaos?
One Greek official said the troika would need to back down over demands for tough labour laws or risk a political revolt.

"Even if the troika give us a negative report, what are they going to do? Are they really going to not give us the instalment [to keep Greece's economy afloat] two weeks before the US elections, with everything that entails -- default, bankruptcy, global market turmoil?" he asked.

"These labour reforms will turn our country into Bangladesh. They have no fiscal benefit and will actually derail the adjustment programme. The political system will collapse if we impose them.

"The troika is demanding that we commit suicide, which is why we believe this is a matter that should be solved on a political level by the prime minister and not with the troika."
Why don't you solve your problems instead of wringing your hands and demanding that other people give you money?
Stournaras was forced into his U-turn after the German finance minister, Wolfgang Schäuble, told reporters in Berlin that a deal would be impossible until the troika concluded its report.

Schäuble, who is a key architect of the austerity measures dominating Europe's economic landscape, warned that the eurozone's finance ministers must also read the report before agreeing to the two-year loan extension called for by the Greek government.
Posted by:tipper

#2  Chaos (Greek χάος khaos) refers to the formless or void state preceding the creation of the universe or cosmos in the Greek creation myths, more specifically the initial "gap" created by the original separation of heaven and earth.

Irony in the use of the word.
Posted by: Procopius2k   2012-10-25 22:06  

#1  The explicit appeal to the US elections must mean something. However, divining that meaning would involve extensive emulation of the Euro-Greek mind. Since I prefer to live the rest of my life with my mind as undiminshed as possible, I will pass on this task and leave it to others with a stronger constitution.
Posted by: Ptah   2012-10-25 12:31  

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