RT News on Greece's latest Memorandum (No3) and Budget 2013 -12 November 2012
Channel: Leonidas Oiko
Date: 14/11/2012

While the Greek parliament has just approved the 3rd Memorandum and the Budget for 2013, the country seems to be sliding deeper and deeper into  recession. Leonidas Oikonomakis, researcher at the European University Institute and rapper of "Social Waste", in an interview with RT News, explains why the Greek MP's should not believe (even if they did so) they are helping the country's economy with their neoliberal policies. Pensions and salaries have been reduced by 30% and 40%, unemployment has reached 25%, youth unemployment 55%, the suicide rates have increased by 40%, while the Public Debt that the Troika would help the Greece reduce, has actually risen from 120% of GDP to 160% in three years. At the same time, the Greek Prime Minister Antonis Samaras, who is now promising that these austerity measures are the last, has lost whatever political credibility he had left, since he is the same person who erased deputies from the party's parliamentary group for voting for the first memorandum (when the party line was against) and other deputies for voting against the second and the third Memorandum (when the party line was for). Political opportunism at its finest.