Archive for February, 2010
Greece: Bloggers respond fiercely to the financial crisis
Prepublication of an article prepared for Global Voices Online.
Bloggers reacted with uncommon drama, spirit and gravitas to the financial crisis facing Greece -and by extension, the eurozone- which came to a head last week, as in it’s first major test, the socialist government elected last October fought bitter battles both at home and abroad to weather an alleged assault on the currency and country by speculators (since admitted by the eurozone chairman) and avoid defaulting on the country’s debt. After the announcement of tough austerity measures by the government in late January, followed by a renewed wave of strikes and a vague statement of support by EU leaders, involving “technical support” by the IMF, EU finance ministers met this week to thrust a narrow deadline on Greece before imposing further strict measures.