Measures which have been enacted by the technocratic government to try and meet the terms of the bailout often appear to have created more problems than they have solved. For example, electricity bills were raised by a controversial new property tax, but consumers were allowed to put off paying those bills.
Now, an estimated 500,000 households haven’t paid their electricity bills for more than three months and the state-run energy company needs to pay $657.2 million which it doesn’t have to its banks by June 22.
No to the Bailout Conditions
Thousands gathered at a rally where Alexis Tsipras , Syriza’s charismatic leader, addressed the country on Thursday night. Starting typically late, Tsipras vowed: “Things are going to change on Sunday. Not just in Greece, but also in Europe."
“No to the memorandum of bankruptcy! Yes to the euro and to a national plan for economic recovery that will protect the people from bankruptcy!” he said.
His promises to keep Greece in the euro while tearing up the memorandum have gained credence among Greek people who believe that Spain’s banking bailout , without austerity conditions, has let the Spanish off more easily than them.Page 2 of 4 | Prev Page | Next Page