Does This Sound Familiar?
- Politicians hate yielding power. But in recession-hit Greece, more governing Socialists are choosing to do so rather than back Prime Minister George Papandreou's deeply hated austerity measures.
In growing numbers, Socialist lawmakers are calling for an end to their single-party government, unable to face their angry constituents after two years of punishing tax hikes and slashed pensions, jobs and salaries.
- Greeks are heading into a fourth year of recession with 16.5 percent unemployment and a rapidly expanding class of poor. Now they face yet more emergency tax hikes, pension cuts, and steep levies on their homes.
The socialists here in town seem to be following the same playbook.
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