Thursday, March 04, 2010

Much more of this... come.

Note the usage of the word unfair". These types of words have almost no meaning, IMNSHO, without sober analysis of the desires of those that speak them. One can simply say "I am angry because I am not getting what I want". Our biological software guarantees that we can never achieve anything resembling "objectivity". Our emotional needs eclipse our rationality.

This, of course, is not a favorable set of circumstances in a country with a proud history of anarchy movements.

March 4 (Bloomberg) -- Greek demonstrators took over the Finance Ministry building in central Athens and blocked streets in the city center as union groups stepped up protests against government wage cuts and tax increases to curb the deficit.

About 200 members of the PAME union group, aligned with the Communist Party of Greece, were at the ministry today and protesters also took over the nearby General Accounting Office, according to a police spokeswoman. Another group blocked a central road in downtown Athens, snarling traffic.

Greek Prime Minister George Papandreou yesterday unveiled 4.8 billion euros ($6.6 billion) of additional deficit cuts as he tries to convince European allies and investors he can tame the region’s biggest budget gap. European Union officials praised the moves and Greek bonds gained on the measures, which include a 30 percent cut to three bonus-salary payments to civil servants.

“The measures are grossly unfair,” Dimitris Bratis, the president of the Greek teaching federation, which will strike for 24 hours tomorrow, told NET TV today. “We’re being asked to pay for the crisis. Greek taxpayers are being asked to foot the bill again.”

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