Historians have been trying to solve the mystery of that ancient weapon Greek Fire for centuries. I think we’ve found the secret. Take away a lot of the benefits from their lazy asses and viola! Fire! Athens is burning.
More than 45,000 protestors, many facing steep cuts in pensions, wages and a bigger fall in living standards besieged the building in two demonstrations. A minority were met with tear gas by the 4,000 policemen after throwing fire bombs.
Inside emotions ran high over the price the country was being forced to pay for its second bail out, a EURO130bn (£108bn) loan from the EU and the International Monetary Fund to head off the threat of bankruptcy and withdrawal from the euro.
Finance minister Evangelos Venizelos, in a passionate appeal for support before the midnight vote, said: “We must show that Greeks, when they are called on to choose between the bad and the worst, choose the bad to avoid the worst.”
The Greek cabinet unanimously approved the package on Friday after six members resigned. Laos, the small nationalist party headed by Giorgios Karatzaferis withdrew support but with the two main parties continuing to back the draconian measures Prime Minister Lucas Papademos was anticipating winning parliamentary approval.
But the Government still faces a tight timetable to meet terms and conditions tied to the loan and meet a Friday deadline to accommodate a deal with bondholders and repay an outstanding E14.4bn bond by the March 20 cut off date.
Blogger Tyler Durden has a running update on Greek news — including the tidbit that Greek authorities are running out of tear gas. Hmmm… what comes after tear gas? Ah yes. Live ammo.