Wednesday, May 5, 2010

when the pigs broke free


It was just after noon, one shiny spring day in the year twenty-ten.

Everybody was on strike, except perhaps me.

I was fearing what happened and had my camera ready to take with me to the demonstration. I finally decided not to, having sensed that there was not much to be won from such a protest. I have taken part in protests before and have only seen them turning into dangerous demonstrations of anti-propaganda.

Then this demonstration also turned into a riot. No wonder. It has happened before and will happen again, all the more often I am afraid. It is too hard to contain oneself when one feels so suddenly deprived of what he deserves. When from one day to the next, he is being asked to radically re-adjust his lifestyle in the same way some stokebrokers believe they can re-adjust the figures on their screen.
But it is as simple as that. If you apply "shock-treatment" you have to be ready to face seizures.

Then fires broke out all over the city center and three people fell dead, due to the firebombing of a bank in downtown Athens.
And then the markets became "nervous". CDS spreads went up, the Euro started to fall, Bloomberg reported a rapid decline in oil prices.
The three people were still dead.
Portugal's prime minister started to sweat while listening to his minister. Spain's government bonds were under attack. The Greek Government was passing an austerity bill.
The three people were dead, suffocated, burnt.

The dark lords of economy, the invisible hands of the markets, the abominable speculators that have realized they can bankrupt entire countries overnight have called us PIGS. PIGS stands for Portugal-Ireland-Greece-Spain, PIGS stands for economies on the verge of collapse, PIGS stands for meat for the markets.

Now the PIGS are finally being sent to the slaughterhouse. And as it happens with real pigs, they are not behaving as politely as one might have expected.

And that was the day that my government took away my mom's pension.

6 comments:

  1. "And as it happens with real pigs, they are not behaving as politely as one might have expected"....

    This was just the beginning

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  2. this is really worrying.
    i'm not sure who's to blame for the situation, but as usual the weaker are paying the bill.
    As you're mentioning in your next post these -utterly unjust- measures will have only a temporary effect... if any. Something's just not working right in this country, it doesn't take long to realize it once you're there; and nothing will get fixed just by injecting more money in a rotten system.
    Cédric ND thinks the only solution would be to put Greece under some kind of "trusteeship" from the EU...
    Animo, tio...

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  3. @sy: Thanks dude
    @Michail:Let's see what happens tonight...
    @julien: I agree that the only solution is that the EU justifies its purpose and acts as a centralizing "connective-tissue" for the crumbling economies. Greece is the weakest link but more countries will follow if we don't revise the system. Banks can borrow from the European Central Bank at 1% interest rates and won't agree to fund Greece with less than 7% or 8%. At the same time NO country is allowed to ask for a loan from the ECB while it is normally contributing to its budget. This is not unjust. It is absurd. Unless the EU revises the general system of fiscal policy into something that is friendlier to its member states than to their banks more and more of these states will face bankruptcy. Banks will lead them there for the simple reason that "They can!".
    It is sad to see that the US are once more being more "avant-garde" than us Europeans. Obama is sending Coldman-Sachs CEO to face a Congress Committee investigating frauds while European states rely on Goldman Sachs and others' "expert" opinions about credit ratings and debt policies. This has to stop.

    We need a new federal-type economic policy and we need it yesterday.

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  4. I am angry, furious, nervious and above all I am speechless!Is this my country?I wonder...
    I do not know if we are just real PIGS or we have some power left to change something.
    US and EU will definitely NOT let their capital system collapse.
    If we need a new federal-type economic policy, WE need to make it happen. But can we?
    If their "system" requires drastical changes, let's give them some...we do not need gasoline, we do not need cars...let's all walk or grab a bike!
    We do not need your banks, let's all have our money in our pockets! (it is not that much, anyhow!)
    Could these kind of drastical changes make a difference and give them a message?...I wonder...
    Problem: the majority of the "productive" Greek population (25-40 yrs old) have never learned and was never taught to think "in society" for the common and public benefit and well-being!
    Is this population able to make a change happen?Or is it just able to blindly follow orders, murder people and just "make a noice"...?
    I still wonder....

    p.s. For the record, besides the terrible death of those 3 people, yesterday and while the PIGS were breaking free, in the 4th floor of the Ministry of Economy THEY were literrally burning all the latest oficial documents-declarations-proofs of all those who were about to pay for frauds, currapsy etc in ...was it just a coincidence?

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