Euro Crisis Infographic: Greek GDP as a Percentage of GDP vs Greek Unemployment

(Chart: EuroCrisiExplained.co.uk/flickr)

StopCartel TV broadcasts live from Athens, Greece weeknights @ 6 pm Athens time. The following post is a loose transcript of the 1 October 2012 broadcast.

By greydogg and snake arbusto, 99GetSmart 

- StopCartel TV will be live streaming on location from Syntagma Square on Monday 8 October and Tuesday 9 October.

Public servants have called for a General Strike on Monday. On Tuesday, when Angela Merkel arrives in Athens, the Greek people will be out in the streets to give her the reception she deserves.

On Monday, StopCartel Livestream will begin at 6:30pm Athens time @ http://www.livestream.com/stopcarteltvgr

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- According to a report published by Eurostat on Monday, Greece has the highest youth unemployment rate in the Eurozone, at 55.4%

In the last year, overall unemployment in Greece rose from 17.2% to 24.4%, second only to Spain at 25.1%.

From ekathimerini:

“There is simply not enough growth in the euro region to create sufficient jobs and the unemployment rate still has not reached its peak,” Thomas Costerg, an economist at Standard Chartered Bank in London, said before today’s report.

“A worrying trend is that the number of unemployed is now also expanding in core countries like Germany, which had been rather sheltered up to now.”

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- A common scene reflecting the current humanitarian catastrophe in Greece can be found in the long lines that form in front of pharmacies where patients must wait for hours for prescriptions that may never be filled.

The inability to keep medicines in stock due to lack of funding has compromised and closed many pharmacies in Athens. The ones that remain open are in dire straits. Hundreds of patients from the greater Athens area flock to pharmacies in Piraeas, where supplies are also dwindling.

The unemployed, the poor and immigrants have no access to basic health care and must rely on free social clinics for treatment. The clinics, who have no money to purchase supplies of any kind, rely solely on donations.

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- On Monday, like a plague of locusts, the Troika descended upon the Greek Capitol to engage in another ridiculous theater performance with the government-of-the-regime.

ACT 1: The government-of-the-regime has doubts that the Troika will accept the cuts they will propose.

ACT 2: The Troika has rejected 2€ billion in austerity measures amidst a very heavy atmosphere in Europe.

ACT 3: A ‘critical’ meeting will take place between the Troika’s clerks and Prime Minister Antonis Samaras. The Troika’s displeasure will be discussed.

ACT 4: That which has been decided by the Troika long ago amounts to more misery awaiting the Greek people.

ACT 5: It depends on the response of the Greek people whether this round of austerity measures is put to a vote in Parliament and passes.

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- SYRIZA leader Alexis Tsipras made statements on Monday during a visit to the Greek lottery (OPAP), which is on the auction block for privatization.

Tsipras made accusations stating, “The government-of-the-regime is devaluing public property, selling it at bargain basement prices and they think this will create a positive atmosphere. But in fact, what they are doing is a crime because it goes against the Greek public, it goes against the economy and it goes against citizens.

Their strategy is known. First devalue public property and then sell it for ridiculously low prices in order to serve their own interests and in order to create an economic despair and turn the workplace into a jungle.”

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- The General Confederation of Greek Workers have sent an official e-mail to the three so‑called leaders of the coalition government. Representatives of the union have requested a meeting with the government-of-the-regime BEFORE the new austerity measures are to be put to a vote in Parliament to express their views on the matter.

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- On Monday, the President of the Union of the Greek Municipalities warned the government-of-the-regime that they would occupy all government offices if the parliament passes another round of austerity measures.

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- Greece’s former representative at the International Monetary Fund, Panayiotis Roumeliotis, said that the missions of the IMF in Greece started as early as January 2010. Roumeliotis said he was called to participate in the effort to ‘rescue’ the country and to facilitate discussions with the IMF because of his personal relationship with Dominique Strauss-Kahn, who headed the IMF at the time.

Roumeliotis said that since February of 2010 the IMF has been focused on ‘technical missions’ in Greece, but the fact is that the IMF was already in Greece developing the so‑called program. In other words, it was known that Greece had already invited the IMF into the country.

In his book, Roumeliotis wrote that the government in power at that time was fully conscious of this situation because they had trouble convincing Europeans to face the debt problem of Greece. And it was at this stage that the Greek PM proposed to European leaders that Greece would ask for assistance from the IMF.

At this point, no one anywhere held the opinion that Greece had or needed a relationship with the IMF. It was a Greek issue that was supposed to be sorted out within the framework of the EU and by using the tools available to member countries. However, Greece’s partners understood that the money needed to support the country was too much for European taxpayers and they used this blackmailing threat to push Papandreou, saying that if he asked the IMF to come to Greece, they would agree. In this way the ECB gave its consent for ‘financial contributions’ from the IMF to Greece.

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StopCartel TV broadcasts live from Athens, Greece on weeknights at 6pm Athens time @ http://www.livestream.com/stopcarteltvgr

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- Note to StopCartel readers: I will be out of town for the next two weeks, which means that unfortunately, posting a daily StopCartel transcript will be hard, and they will be spotty. I am sorry for the interruption and I look forward to posting daily updates from Greece on a regular schedule again as soon as possible. Thank you. Best, greydogg.