Greece and Ireland

On the streets of Greece, protestors shout: “This is Greece, not Ireland. We the workers will resist”. As Channel 4 reported:

You do wonder sometimes about Irish people. As one Greek woman said, I am not going to sit on my couch.

Constantin Gurdgiev has called out something important too. The narrative thus far internationally appears to be that the Government has radically cut public expenditure. But is this the case? Gurdgiev points to the Government’s own projections, as of December 2009.

In that projection: Ireland – Stability Programme Update it says:

Gross Current expenditure (m):

2009: €61,108
2010: €61,872
2011: €63,518
2012: €64,284

Notice the distinct lack of cuts. And these figures exclude any bank bailouts.

It appears as though all those cuts we talk about in the public sector is simply money being transferred to other spending – you could call it “smokes and daggers” for the international markets.

2 thoughts on “Greece and Ireland”

  1. Clearly the difference between Irish workers and Greek workers is that Irish workers have a far better grasp of economics and understand that if we don’t take these measures, the country will be ruined.

    These Greek communists and public sector workers will lead their country down the toilet due to their shockingly poor understanding of the state of their country’s finances and the root causes of it.

  2. The communists in Greece are using this economic slump so they might have a chance to obtain power. And if they do what then? Another soviet style regime? Do they think that that will really work?

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