Greek unemployment could cause ‘social crisis’


And around to Greece where the government is currently saying it expects to achieve enough consensus with mission leaders representing the troika to get stalled negotiations going again. Helena Smith reports:

As government leaders dig in for another round of strategising ahead of the Paris assembly of tomorrow, officials are expressing confidence a deal can eventually be sealed.

Addressing reporters earlier today, the Greek government representative, Sophia Vaulters, said she considered when euro area finance ministers hold their last euro group assembly of the year, an agreement may be struck for December 8.

“The significant matter is the fact that a determination was required to get the process going again,” she said in what seemed to be a deliberate play to take the heat out of discussions which have been very bitter. “We’re going there to seal an understanding so that we can make it in time for [the eurogroup] on December 8,” she told a local radio station. The objective, she said, was to leave the EU-IMF bailout programme by the end of the year. That perspective was confirmed by a European spokeswoman, saying the review’s decision was of importance that was uppermost.

But with tensions – as well as the prospect of more nailbiting austerity not ruled out, despite official denials – the extreme left primary opposition Syriza party issued a hard hitting statement saying the discussions were doomed to fail. Any deal would be efficiently relegated to the dustbin of history if, as many considers, breeze surveys are held with the leftists leading in opinion polls.

“The government’s assembly together with the troika in Paris is the last episode in the soap opera of the supposed departure from the memorandum,” the party said in a statement. “The government that’s failing cannot give the Greek individuals to a fresh bailout deal since this will likely be cancelled in practice by people’s votes.”

Stacking the pressure in the government, air traffic controllers declared that they also will join a huge general strike which will increase the madness that day Greece will probably experience.

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