The Hill
October 26, 2011
The last full week of October 2011 marked another bad week for Greece. Earlier Monday, the Athens stock market plummeted on news that the nation’s European allies had failed to meet an agreement to keep the nation afloat.
Greece’s bank shares took a beating on news they may be forced to accept higher losses on their government’s bonds as part of the larger European deal.
And while the government seems paralyzed with inaction, the people of Greece (mostly public workers) took to the streets once again to protest.
I don’t generally have a problem with protesters. Ahh, who am I kidding — I usually do have a problem with them. The reason is they rarely can cite the reason for their anger. In this case, it’s even more evident, as the protesters should be going after their policymakers for not taking the necessary steps for a return to long-term stability in the nation. Instead, they want a return to the status quo ante — an untenable state of affairs where government was seen as the answer to all of the country’s woes.
Sound familiar?
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