We are not Ireland – we will resist

So said some of the banners during the Greek national strikes on Wednesday and indeed that was a chant during the protests. Today we see that it appears Greece will be bailed out with loans (though what that will do for national debt and future debt repayments is unclear). It seems that Greece will also have to tackle its tax evasion, bloated public service and defence expenditure. It is still not clear whether the loans advanced to Greece will be any different to the loans advanced to NAMA and for the bank recapitalisations.

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