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Country's future in eurozone thrown into doubt as groups opposed to EU bailout make gains

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Austerity has been the main prescription across Europe for dealing with the continent's nearly three-year-old debt crisis, brought on by too much government spending. But what does it mean for the average European?

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"TPTG analyse the crisis in Greece and how it is influencing capitalist restructuring, and how the working class is responding to the resulting austerity measures. "

economics analysis austerity greece debt crisis class class_struggle TPTG

"A determination to 'move beyond anger to creativity' is driving a strong barter economy in some places"

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"Bailout not the end of country's troubles. It simply postpones the inevitable: more financial strife and an exit from the euro"

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"Singled out for blame in the wake of riots that broke out in Athens on February 12, Greek anarchists are eager to show that they “are not mere hooligans”. France24.com takes an exclusive look at the movement on the ground. "

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"The rage displayed in Greek cities against austerity measures inspires all who are suffering for the benefit of banks and the rich"

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"the final versions of the memorandum agreements made between the government and the EU/IMF troika."

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"On Sunday, the Greek parliament approved a new round of austerity measures that will further deepen the 5-year depression and sever the last fraying threads of social cohesion. "

EU europe capitalism greece debt austerity ECB IMF

"The only hope for the future of Greece lies in rejection of the Troika, a default on Greek terms and leaving the grossly oppressive structures of the euro argues James Meadway"

EU europe capitalism greece debt austerity ECB IMF

"The behaviour of the EU states towards Greece is inexplicable in the terms in which the EU defines itself. It is, first and foremost, a failure of solidarity."

EU europe capitalism greece debt austerity unemployment ECB IMF

"European political elites met in Brussels, Belgium on December 8th to draft measures to secure the failing Euro and its single market, where the financial crisis is getting worse. The result is a treaty for a new ‘fiscal compact’, which is a tightening of financial rules and regulations between all the 27 countries forming the European Union."

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"Conditions in Greece are becoming desperate as unemployment continues to rise, wages and pensions are slashed, many small businesses close and the country slides towards a likely disorderly default. The pressure on ordinary working people is relentless."

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"The Greek crisis has now reached the point of a pre-revolutionary situation. On Sunday we saw the biggest demonstration in the history of Greece. Hundreds of thousands of people gathered to protest the reactionary deal before the Athens parliament."

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"When I was in Athens last week many people I talked to wondered aloud why there hadn’t yet been an uprising against the austerity measures that are devastating the country. There was anger everywhere, but sullen and suppressed."

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"In a little brick-walled taverna in Athens, over a lunch of Cretan salad and stuffed grape leaves, a Greek journalist named Aris Hadjigeorgiou was holding forth one day in late November about the calamitous state of his city and country as only a veteran metropolitan reporter could."

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"Half-Greek and half-Indonesian, photojournalist Eirini Vourloumis moved back to her hometown of Athens, Greece, in 2010 to cover the economic crisis. She found her country unrecognizable."

greece austerity society poverty Neoliberalism capitalism EU

" Europe's left is torn between outrage and anxiety over drastic cuts in living standards and working conditions being imposed on Greeks by the European Union and the International Monetary Fund."

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"Germany is running out of patience with throwing money into the "bottomless pit" of Greece's debt crisis and any lingering sympathy in Berlin is being undermined by anti-German slogans on the lips of politicians and austerity protesters in Athens."

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"The Greek parliament has approved new harsh austerity legislature needed to secure a 130-billion-euro bailout from the EU and the IMF in efforts to avoid devastating default. This comes amid violent riots against the vote in Athens. "

greece EU europe economy austerity parliament revolution society Lucas_Papademos