The pictures of Athens on fire are making their way around the web. Crowds gathered in Syntagma square all of Sunday in protest of the new austerity measures, while hooded vandals burned buildings down with Molotov cocktails, causing absolute destruction to countless businesses.
Inside the parliament building lawmakers passed the second memorandum calling for more austerity measures to be put into place, a last ditch effort to somehow make Greece’s debt sustainable by 2020.
This is the second go at austerity; the first measures passed in 2010 were never really implemented. Since that time the situation has gotten a lot worse, leaving the country at the brink of a chaotic default on loans incurred during 20 years of endless borrowing.
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