Showing posts with label fmi germany debt. Show all posts
Showing posts with label fmi germany debt. Show all posts

Monday, October 17, 2011

the "indignados" occupying barcelona's street: 60.000

At least 60,000 'indignados', according to figures from the local police, and more than 300,000 according to organizers, have turned this Saturday to take the central streets of Barcelona to claim a global change in the political, economic and financial matters.

In a march organized simultaneously in more than 600 cities around the world have once again shown its convening power concentrating students, trade unionists, activists and affected by the cuts, such as toilets and teachers.

The march was led by a large banner that calls pass' of indignation to action, but peacefully.



There have been other signs with the symbol of the scissors crossed and criticism of the socioeconomic system - 'enough to privatize profits and socialize losses',' without sharing there can be no justice, without justice there can be no peace without peace there can futuro' have - that have demonstrated over the rejection of a system that want to renovate completely.

The crowd chanted songs have already become a classic within the movement as' democracy and not tell what is' and 'no, no, they do not represent us'; well have shouted again,' I was also in the Parlament 'in relation to the blockade of the Catalan Chamber on June 15, and' guilty 'when passing by the Exchange.

Arriving at the height of the Department of Interior, protected by a dozen police vans, the 'outraged' have demanding the resignation of Councillor, Felip Puig, the eviction of the Plaza Catalunya and the arrests of suspects by the blockade of the Parliament who had volunteered in the City of Justice.

The demonstration started at Plaza Catalunya has undergone Paseo de Gracia and Calle Aragon, and the height of Arc de Triomf - theoretical end point of the march - some 'angry' have diversified into three areas: to the Hospital del Mar, in protest at health cuts, to the Faculty of History at UB for education, while it remains unclear the direction of the protesters by housing problems.

Speaking to Europa Press, a translator and singer who has moved from Canet says he is in the demonstration because he believes he has reached a point in the world where "nothing can be saved."

Believes that change the whole system to promote the end of "consumerism, absurd."

A colleague, Moses, also a singer, he criticizes: "We believe this lie. We must promote a paradigm shift that may imply the abolition of money."

For Reuben, which is a hotel receptionist, who lives in Valencia but Barcelona, ​​change will come when politicians see what the movement actually 15M and realize that they are mistaken.

According to him, put a rope system to society that no longer can squeeze more because "going to be hanged," and now it's time to unite to get rid of that rope.

John, of the assembly of 'outraged' by Horta, said that since has gone global hunger is good that the movimieto be globalized as well: "We want to build a world in which the citizen is above the market."

WORLDWIDE

Speaking to Europa Press, the President of Justice and Peace, Arcadi Oliveres, a guru of the movement, explained that the mobilization on Saturday shows that "continues with the same force" after the summer break, a period that has used to do much work in pedagogy and cultural associations, districts and villages.

He applauded the movement is to resonate worldwide because the problems of crises occurring around the world, and it was time, in his opinion, that people will react, for example landmarks such as Wall Street.

In the other cities in Catalonia and in Madrid are also called the October 15 march, which converge eight gears 'outraged' to go together to the Puerta del Sol

the end of greece.

But European leaders had sworn it would not happen. Yet one of the last taboos of the euro zone fell, Monday, September 12. In an interview with the newspaper Die Welt, the German Minister of Economy Philipp Rösler said that "to stabilize the euro, there should be more short-term no-think of some options," including that of an "orderly insolvency." In other words, Greece may soon have to be in bankruptcy to restructure its debt. While Brussels has again denied that opportunity on the day after the minister's statements. But for how long? It is rumored already in Berlin that it could be a matter of weeks or even days.
In Germany, the skepticism that greeted the announcement of the various rescue plans is being transformed into hostility. On 9 September, a poll for ZDF German respondents revealed that three in four said they were opposed to the expansion of German guarantees for indebted countries in the euro area, from € 123 to € 211 billion, or 27% the total amount. In other words, a German withdrawal would deprive the whole euro area's main lifeguard.
The German political class itself does not hide his impatience and the voices are becoming more and more to demand an end to the indulgence vis-à-vis Athens. German Chancellor Angela Merkel said that Greece should not receive additional aid until it had demonstrated its determination to undertake a cost reduction, while calling on his countrymen to be patient. However, "last place, we can not exclude that Greece should leave the euro area," said Christian Lindner, general secretary of the FDP, the CDU party ally of Angela Merkel.
Hans-Werner Sinn, an economist and president of the influential Institute for Economic think tank, estimated September 12, during a press conference, a Greek bankruptcy would be a "liberation" for the country. The economist also said that "the only way for Greece is to devalue at least 20% to 30%" its currency, he said. "This requires leaving the euro, it would be less severe scenario." But that's up to Greece alone.
Greek two scenarios under consideration in Germany
This feeling of exasperation in Germany follows a series of events that sent European stock markets in the carpet since the mid-summer. Finland announced that it has entered into an agreement with Greece providing additional safeguards parallel to the second aid package of € 158.6 billion agreed by the countries of the euro area on July 21. The announcement likely to wobble the rescue process has badly shaken investor markets.
In August, Italy came to turn in the storm and had to announce an austerity plan in a hurry to avoid the risk of default. A default narrowly avoided by the intervention of the European Central Bank has committed to lend money to the government of Silvio Berlusconi in exchange for drastic budget cuts. Added to that of Greece, that bankruptcy would be unsustainable for additional European monetary union.
Then, in early September, an independent control of the budget found that the dynamics of the Greek debt was now "out of control." Representatives from the troika (EU, IMF, ECB), who led an inspection of the Greek government accounts, suspended for ten days their mission in Athens after finding that the commitments of budget cuts made by Greece had not been held .
Faced with such an accumulation of signs, the German Finance Ministry was already working on the assumption of a Greek bankruptcy, according to Der Spiegel, which says it has developed two scenarios: 1. Greece would keep the euro, 2. it would reintroduce the drachma. Information that has not denied a spokesman for the minister acknowledged that his services "were concerned about potential developments" in this country, AFP reported.
Under pressure, the Greek government announced on 11 September the introduction of a new property tax which should earn around € 2 billion according to Prime Minister George Papandreou. This tax should be accompanied by an accelerated privatization of state property in order to plug the holes in the budget of the Greek administration. But obviously, the trust no longer reigns and this ad has received a frosty reception in Germany.
"Words are one thing, action is another," said Guido Westerwelle, German Minister of Foreign Affairs at a joint press conference with his Finnish counterpart on September 6. Which may include: passing a law is not enough, it is still necessary to implement it. If not, bankruptcy or exit, it will choose.