Saturday, November 17, 2012

''Greece's Very Real Fiscal Cliff'' by YANNIS PALAIOLOGOS


''Last Wednesday night, I sat in the press stalls inside the main hall of Greece’s parliament watching a critical bill being debated. While Americans were still distracted by the results of their own election, Greece’s ruling coalition, made up of three parties that straddle the center, was struggling to pass new cuts and reforms necessary for continued financial help for the debt-ridden country. As the measure was attacked by deputies from SYRIZA, the hard-left official opposition, and the populist-right Independent Greeks, I heard yelling and commotion from inside the parliament building. My first thought was that the tens of thousands of protesters who had gathered outside in the pouring rain had broken through the lines of police and made it into the building.

The reality was even worse. The screaming came from the employees of parliament, a notoriously well-connected and privileged enclave of the public sector, who had learned they were going to be included in stricter pay and benefits rules instituted for government workers. They streamed down from the offices to the side entrance of the main hall of parliament, poised to barge in..''

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