Tagged: Greece

With Greece entering its fifth year of recession and dealing with harsh austerity measures imposed as part of a eurozone bailout deal to save it from default, its society is in upheaval. Opinion polls suggest the old political system is collapsing, and extremist parties are gaining popularity ahead of spring elections.

At a recent protest in Athens, a large bronze bell tolled as thousands of policemen in full uniform marched solemnly through the streets. They ominously waved their handcuffs at Parliament, shouting, "Take your bailout plan and get out of here."

Debt-beleaguered Greece has secured a second international bailout. But for many Greeks, the conditions set by the International Monetary Fund, European Union and European Central Bank — known as the "troika" — are a breach of their sovereignty.

A recent demonstration in central Athens was organized by a group of lawyers who claim the latest bailout agreement turns Greece into the ward of its international lenders.

Demonstrator Irini Lazana says it violates the country's legislative foundations.

Near the port of Piraeus and about 10 miles west of Athens, Perama developed after the Greek civil war of the 1940s, growing prosperous in the 1980s thanks to the ship-repair industry.

But now, the once-bustling piers are deserted. A few rusting skeletons of unfinished boats stand outside empty, abandoned warehouses.

That's because business migrated to low-cost Turkey and China, and in a few short years, industry jobs dropped from 4,500 to 50.