Wednesday, 23 May 2012

#16 European Election -Austerity Rejected!

Elections in Europe have led to a rejection of austerity measures. Europe is still in an economic crisis and the people who are suffering the most are crying out for a change in financial policy that will actually bring them out of this double-dip recession.

I decided to focus my attention on Greece, a country who has recently rejected further austerity measures, as well as electing out the governing party that led them into the mess that their economy is currently still in. 
It appears the people of Greece are tired of proposed bail-out plans, and instead have opted for smaller governing forces that focus on anti-bailout plans - a switch which many feel uneasy about, as some feel what Greece needs most is to be lead my an experienced party.  

I understand why the people of Greece have decided to put their faith in a smaller less experienced government, they feel change is the only way out of their current situation.  They are tired of feeling like a burden on Europe's economy, and further austerity measures would only increase the unemployment in Greece, which is already at an all time high of 20%! 

Whether a change in party will lead Greece out of their economic catastrophe, or be another mistake that will put them into further debt, only time can tell.  However with regard to austerity measures, I firmly agree that another solution needs to be found, as creating even more tension in an already pressing situation will only worsen the problem.   

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