On the streets of Greece, protestors shout: “This is Greece, not Ireland. We the workers will resist”. As Channel 4 reported:
You do wonder sometimes about Irish people. As one Greek woman said, I am not going to sit on my couch.
Constantin Gurdgiev has called out something important too. The narrative thus far internationally appears to be that the Government has radically cut public expenditure. But is this the case? Gurdgiev points to the Government’s own projections, as of December 2009.
In that projection: Ireland – Stability Programme Update it says:
Gross Current expenditure (m):
Notice the distinct lack of cuts. And these figures exclude any bank bailouts.
It appears as though all those cuts we talk about in the public sector is simply money being transferred to other spending – you could call it “smokes and daggers” for the international markets.