As the FT has noted this morning:
Greece must carry out no fewer than 38 measures by the end of this month whose combined effect would effectively lead to its finances being micromanaged from the outside, according to official memoranda seen by the FT. Immediate policies and “prior actions” demanded by Greece's eurozone creditors range from tax audits to liberalising beauty salons and changing how drugs are dispensed. Dozens more structural reforms must be passed in the first half of 2012.
Farewell democracy.
Farewell even decision making powers.
Welcome in the bank administrators, picking the corpse for cash.
But that's only possible because people don't riot, even in Greece, in February in the northern hemisphere. I can't see this surviving the summer. And that worries me. Which is why this deal is such bad news, and such extreme folly. It's as if some people wanted to pick a fight. They couldn't have done more to get one.
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An interesting video worth viewing.
http://www.youtube.com/watch?v=V5z0rQRdsiE
Posted now – thanks!
Although the events couldn’t be called a riot, and were generally very far from it, the clue in the title of “The Russian Revolution of February 1917” provides a compacted snowball in opposition to your “cold weather” assertion.
Who will be Greece’s Kerensky I wonder?
Certainly not PASOK.
SYRIZA perhaps.
And watch out for the Kornilovs.
The Greeks fought a civil war throughout all of the 40s, remember, which included one hell of a struggle against the British Army.
http://en.wikipedia.org/wiki/File:Dekemvriana_1944_SYNTAGMA.jpg
http://en.wikipedia.org/wiki/File:5th_parachute_btn_greece.jpg