Is Greece Under A Coup?

by
editors
Not complying with the sweeping conditions of the new bailout could overthrow of Prime Minister Alexis Tsipras' leftist government.

Angela Merkel

Eurozone leaders and Greece agreed Monday to talks surrounding a conditional bailout of 86 billion euros (or $95 billion) over three years. 

But in the midst of the negotiations and as European leaders try desperately to keep the near-bankrupt country in the eurozone, critics of the proposed terms of the new bailout —which obviously included many Greeks — used the hashtag #ThisIsACoup to express their outrage.

Although Greece and its eurozone creditors reached an agreement to enact new economic reforms, the tough conditions imposed by international lenders led by Germany strips Greece of most of its fiscal sovereignty.

The sweeping demands reportedly include selling more than €50 billion ($50 billion) worth of Greek state assets and agreeing to tough reforms on pensions and taxation.

Recommended: This Is What People In Greece Are Going Through Amid Financial Crisis

Not complying with these conditions could have serious consequences such as the overthrow of Prime Minister Alexis Tsipras' leftist government. This has led many on social media to accuse the eurozone, especially Germany, of imposing a democracy-driven coup in Greece.

Translates to: “The Eurogroup proposal is a covert coup d’etat against the Greek people. #ThisIsACoup #Grexit.”

"This Eurogroup list of demands is madness," Nobel Prize-winning economist Paul Krugman commented on his blog. "The trending hashtag ThisIsACoup is absolutely right. This goes beyond harsh into pure vindictiveness, complete destruction of national sovereignty, and no hope of relief."

The hashtag was the top trending Twitter topic in Greece, as well as Ireland, Germany and the United Kingdom, over the weekend.

Meanwhile, demonstrators gathered at Athens' Syntagma Square in support of a Greek exit from the eurozone, or a Grexit as it is being dubbed by many.

 

 

See Also: Greek Couple's NYC Honeymoon Turns Into A Debt Crisis Nightmare

Carbonated.TV