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How The Greek Communist Party Plans To Solve The Crisis

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AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-10 11:54 AM
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How The Greek Communist Party Plans To Solve The Crisis
The Communist Party of Greece (KKE) was a key force behind the austerity riots that exploded around Athens. The Communists are gaining in popularity, as 10% of Greeks support KKE and 50% support the establishment of a coalition government.

So, how would KKE solve the Greek Crisis?

They want to quit the EU and default on international debt, according to an interview with KKE's Dr Isabella Margara:

That is also why the working class should not be trapped in a discussion about bonds or interest rates, the simple reason being that it has nothing to gain from this discussion. The international loans will end up in the capital’s pockets, not the working class. The Greeks have suffered when the rates were down, they suffer now that the rates are up. We do not intend to share the capital's 'anxiety' about the bourse, because it is becoming clearer every day that if plutocracy does not go bankrupt, then the people will.



Read more: http://www.businessinsider.com/heres-how-the-greek-communist-party-plans-to-solve-the-crisis-2010-5#ixzz0oCsAmqQa
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FLPanhandle Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-10 11:59 AM
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1. How is defaulting on their loans going to help with austerity measures?
If they default, there won't be any new loans. So, they will be forced to have a balanced budget. Which will require austerity measures above and beyond what the EU is demanding.

There is no easy answer, but no matter what path the Greek people choose, they WILL be implementing austerity measures no matter how much the KKE wants to protest.
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blindpig Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-10 12:45 PM
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2. Works for me.

We should all do the same.
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Greyhound Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-10 01:23 PM
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3. K&R. "The only way to win the game is not to play".
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ParkieDem Donating Member (417 posts) Send PM | Profile | Ignore Mon May-17-10 01:33 PM
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4. I don't get it.
"The international loans will end up in the capital’s pockets, not the working class. "

If I understand correctly, most of the workers who are striking are government workers. The Greek government is pretty much broke. If the Greek government defaults on its existing loans, it won't get these new loans from Germany and the rest of the EU. Hence, the government won't have money to pay its workers.

How does this help the working class?
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Mudoria Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-17-10 02:18 PM
Response to Reply #4
5. They haven't worked that part of it out yet..
but the rhetoric and slogans sounded good to gain support from the protestors.
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