BBC News
September 21, 2011
I understand the sticking point in negotiations between the Greek government and the Troika is the latter's demand "that by the end of the year the deficit will be 7.5 % and that all fiscal measures will give us this outcome".
The current projection is 8.5% of GDP. Many economists believe this is unachievable, given the projected shrinkage of the Greek economy, the deteriorating tax take and the newly revised growth projections of the International Monetary Fund (IMF) for the global economy.
I've seen the reason why today.
I was told by anti-tax campaigners to turn up at a magistrates court. As I got there they invaded the building and blockaded two courtrooms, effectively preventing the auction of repossessed homes, chanting the slogan: "no homes in bankers' hands".
It was small scale, good natured and - as they say - granular.
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