For those of you who dont understand what is written on the notice on the street, it writes "The struggle in the hands of the labourer". This clearly indicates the general feeling Greeks have ever since the newly elected left wing party, P.A.S.O.K, announced its actions taken to restore an unacceptable budget deficit of 12% of GDP (well above the 3% limit of the EU). P.A.S.O.K announced that taxes will rise on consumer goods such as petrol, cigarettes and alcohol; pentioners incomes will be lowered; civil servants salaries would be cut and other government expansionary activities will be recalculated. Now the average man on the street, the helpless labourer, trying to make a living, trying to make a life, is the one to pay for these years of government mismanagement, fraud and irresponsibility.The argument, however, should no longer be political as no party has proven to be fit enough to deal with such issues. Greece is now dealing with an ethical issue on a huge scale.
Looking at it from an economics point of view: could this new policy be a saviour for Greece in the long run? Or was it just a quick response to Europes constant pressure (and rightly so) which keeps them smiling and Greece still under their umbrella?
