Friday, October 28, 2011

New Revolutionary Coif

A great deal of optimism has been sparked by the "Greek haircut", the measure that is hoped to preserve the fiscal footing of the Euro. The plan is supposed to institute a somewhat harsher austerity on the Greek people in exchange for which creditors are willing to half the amount of principal to be repaid as part of Greek national debt. The major hitch in the notion is the presumption that the Greek populace is willing to tolerate further cuts in what was their cradle to grave socialism (which was also replete with free lifetime education including college). Most of the citizens of Greece feel that they have already relinquished enough and many are ready to resist rather than accept more benefit cuts. On the Greek street, there have already been massive and violent protests that are likely to grow worse. Now, not only Black Flag anarchists and Communists will run riot on Athens' streets, but everyday Greek workers (many even from the public sector) could join the Molotov Cocktail throwers and bank burners. Those disaffected and alienated are no longer the few but the many who wrongly feel that they alone are suffering while the world elite have gone out of the way to protect those with wealth and privilege in Greece. The attitude among the riotous throng has started to resemble that of the Paris of 1789. The demonstrators in Greece would seemingly not be adverse to a little revenge a la Robespierre and care must be taken to avoid an explosion where the "Greek Haircut" circa 2011 does not become a "French Haircut" from the age of the guillotine.

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