The streets of Athens and many cities in Greece are filled with angry people, setting fires, ripping up pavements in order to hurl stones and thousands marching in sorrowful protest. The European Union and the International Monetary Fund are imposing austerity conditions on the Greek government if they wish to obtain a $165 Billion loan in order to deal with a financial crisis. A general strike has broken out, including anyone from pilots to transportation workers to doctors and ambulance workers. Heck, even actors are on strike. The unemployment rate has hit 16% and thousands have entered ranks of those in poverty. A Greek worker names Spyros told a reporter, “the government has declared war on us and we will answer back with war.”
Unfortunately, for the people of Greece most Europeans have heard stories about Greek workers retiring at age 55 with high retirement pay. We do not know if this is correct, but this is a common belief in the western world. No one feels sorrow for the Greek people. The government will not receive a loan without sharp cut backs in spending and retirement pay.
Perhaps, it is time to install the Rule of 10. This means no one can obtain more money as pay that exceeds 10 times the average salary. If these are times of austerity, lets make all suffer.