October 19, 2011

Greece inches closer to the abyss: austerity measures may be final ‘death-spiral’

Costas Tsikrikas, head of the 500,000-strong ADEDY union:

“All we’re doing every time is waiting for the troika to release the next tranche,” he said, referring to inspectors from the European Union, the European Central Bank and the International Monetary Fund which visit Athens every three months to assess whether Greece deserves new bailout loans. “The government has to call on the rich to contribute. Workers look more like squeezed lemons now, they can’t take it anymore…”

*Troika (triumvirate)

“This term was used in the European Union when referring to a group composed of the Foreign Affairs Minister of the Member State holding the Presidency of the Council of Ministers, the Secretary-General of the Council of the European Union, who also held the post of High Representative of the Common Foreign and Security Policy (CFSP), and the European Commissioner for External Relations. The “Troïka” represented the European Union in external relations that fall within the scope of the common foreign and security policy (CFSP).

With the 2009 ratification of the Lisbon Treaty, the post of Secretary-General of the Council was separated from the post of the High Representative of the CFSP, which then assumed the responsibilities of the European Commissioner for External Relations. Since only two of the original posts making up the troika still exist, it is unclear what the future of the troika arrangement in the EU is.”


  1. Mijn favoriete Drs. P-song!

  2. Deze is ook toepasselijk, zingt zo lekker mee.

  3. @Oneindig,

    Geweldig: “rampen die de mensheid bedreigen” zie je als eerste foto Patty Brard,LOL!

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