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Greece faces uncertain future
- With six Cabinet members resigning in protest against an unpopular new austerity package, continued clashes between police and demonstrators in the streets of Athens and other major Greek cities, increasing pressure from Germany, France and other EU biggies, Greece finds itself faced with an uncertain future that could still lead to default and the consequent unravelling of the Euro zone.
- Greece must meet debt repayments of 14.5 billion Euros by March 20 to keep it head above water.
- The new measures will result in salary, pension and job cuts and are likely to hit the weakest and worst off members of Greek society.
- But politicians tried to argue their way out of a terrifying bind saying Greeks should consider what it would mean for the country to lose its banking system, to be cut off from imports of raw materials, pharmaceuticals, fuel, basic foodstuffs and technology.
