Greeks brace themselves for the effects of a third bailout deal in the space of five years,
Misery, humiliation and slavery – Greeks respond to the eurozone demands while Germany is accused of destroying Europe
ATHENS // Greeks yesterday braced for the effects of the tough terms of an agreement that secured the country’s third financial bailout in five years. Many rejected the measures while others said they were necessary to stay in the euro.
Haralambos Rouliskos, 60, an economist, described the deal as “misery, humiliation and slavery”.
Katerina Katsaba, a pharmaceutical company worker, said: “I am not in favour of this deal. I know they [the eurozone creditors] are trying to blackmail us.”
The 52- year- old said: “I trust our prime minister – the decisions he will take will be for the best interests of all of us.”
The outline deal negotiated between the 19 eurozone nations in overnight talks called for Greece to push through a range of reforms into law to secure a bailout worth up to €86 billion (Dh349bn). Without the financial help, the country’s economy would collapse.
Prime minister Alexis Tsipras will have to rush tax hikes, pension reforms and a debt repayment fund through parliament. Many ordinary Greeks were sceptical that the deal would bring about any improvement to their lives.
“It would be better not to have a deal than the way it was done because it will certainly be worse for the years to follow,” said Lefteris Paboulidis, who owns a dating-service business.
“I would have preferred something else to happen, such as Grexit, where we would have starved in the beginning but we would have dealt with it ourselves,” the 35-year-old said.
Ilias, a 26-year-old civil servant, agreed. “The important thing is for the country to be better off not so much if we stay in Europe or not, that is the last thing to think of,” he said.
“If we stay in Europe and the country goes from bad to worse, I can’t see anything positive about that.” Among the measures demanded that would directly affect citizens are lifting a ban on Sunday trading for shops, opening up ownership of pharmacies and opening up closed professions such as ferry transport.
“The terms agreed for the bailout are going to make life very hard for all of us but I agree with the idea of Sunday openings,” said Melina Petropoulou, 41, the manager of a women’s clothes shop. “It’s a measure that will allow those who work all week to have more time to buy our products, which can only help the economy.” Gianna Georgakopoulou, a 43-year-old office manager in a jewellery store, welcomed the bailout deal. “We may have no choice but to open every Sunday but that’s not going to mean we’ll be happy about it,” she said. “Everyone thinks we Greeks are lazy but we work hard. With Sunday gone, when are we supposed to rest?”
Others inside the country, and in other European Union member states, took to Twitter to ex- press anger at the deal and the perceived bullying of Greece by Germany. A hashtag, #ThisIsACoup, was trending widely in Greece, France, Germany and Britain as they claimed that Greece was effectively being stripped of fiscal sovereignty.
“Germany is destroying Europe once again,” tweeted @ KostasKainakis, whose profile identified him as a marketing lecturer in Athens. “The Germans could not do it with tanks so now they try it with banks.”
“Trying to STEAL Greek assets BrITS MUST vote to get out,” read a tweet from Britain by @ AllanSkerratt, who said he was retired soldier and ex-teacher. Prominent commentators such as Paul Krugman, the Nobel- winning economist who writes for the New York Times, helped propel the term into the mainstream.
Mr Krugman wrote: “The trending hashtag #ThisIsACoup is exactly right. This goes beyond harsh into pure vindictiveness, complete destruction of national sovereignty and no hope of relief.”