Tens of thousands of young people — and many older ones, too — gather in the main square of the capital, driven to protest by the despair of unemployment and a social system that cannot meet their aspirations for a decent life. And also by their realization that those in power serve outside agendas that have nothing to offer their own …
Greece
Can French Bank Deal On Greek Debt Save The Euro?
Could the end of the Greek debt crisis be in view—and with it the pressure that has put the very future of the euro in jeopardy? That’s the hope behind a draft deal French President Nicolas Sarkozy confirmed Monday, under which France’s private banks holding some $21 billion in Greek sovereign debt would roll nearly 70% of that …
Since 2008, Greek Protesters Have Had a Canine Companion
Loukanikos hates Greece’s austerity measures, corrupt politicians, and the plight of the Greek everyman. And, as a dedicated protestor, he is willing to brave riot police and tear gas for his beliefs.
Either that, or Athens’s most famous stray dog just likes the food and the attention afforded him by Greek demonstrators. …
Why Greek Tumult Signals the Coming of Europe’s Own ‘Arab Spring’
Are the youth-led protests rocking Greece and other European countries a sign Arab Spring uprisings have jumped the Mediterranean? Kinda-sorta, say experts watching these movements. They warn that even if democratic systems in Europe can’t be compared with the brutally authoritarian regimes under fire in the Arab world, the angry …
The Political Machinations Underlying Greece’s Debt Crisis
Joanna Kakissis examines for TIME the anti-austerity protests in Greece this week. After a year of austerity economics, even some formerly complacent Greeks have taken to the streets of Athens to protest Premier George Papandreou and his PASOK political party and their plan to institute an IMF-mandated second round of budget counts that …
