This is the dawning of the age of austerity
It’s sheer “Armageddon”, proclaims To Ethnos’ front page after yesterday’s announcement of a new austerity plan to slash the Greek national debt by €4.8bn. "This is the third austerity plan,” recounts the centre-left daily. “The first was amended by Brussels [in early January], the second approved in January, and here comes another one.” In view of the far more draconian belt-tightening measures now in store for the Greeks, the daily regrets that the EU is not according the country more financial aid. “Prime minister George Papandreou is tempted to resort to the IMF, while Europe remains divided over the practical details of a bailout plan. In the meantime, it is the Greeks who are going to foot the bill: a pension freeze, pay cuts, a tax hike – on VAT, too,” especially on alcohol and cigarettes. The paper warns that “the unions are now mustering their ranks for a symbolic social protest, which could trigger a spate of similar protests in Europe”.
In a time of crisis with high unemployment, young Lithuanians are following in the footsteps of their emigrant ancestors. Tens of thousands have left the country in search of a better life, mainly in the British Isles and Scandinavia. The weekly Veidas reports:
The new Eurogroup meeting on February 9 is not enough to banish the spectre of a Greek bankruptcy. While Athens may largely be responsible for the crisis, the EU and its partners are not blameless themselves. La Stampa argues that their confused messages and the absence of any strategy have transformed a resolvable problem into an explosive chaos.
Two camps, two theories, and two visions of France: 18 years after the massacre of 800,000 Tutsis, the precise role played by Paris is still the subject of heated debate, fueled by the findings of successive criminal investigations.