Who's the Bigger Socialist, President Obama or the Socialist Prime Ministers from Greece and Spain?

Courtesy of Google Translate More than 30,000 Greeks in Athens take center inspired by the protests of Spain

Some 30,000 people, police said, more as protesters have gone to the streets Sunday in Athens to protest the Greek political class. The demonstration has been called through social networks, as well as in Spain, and the participants cited the movement as a reference 15M.

"We've had enough. The politicians are laughing at us. If things continue like this, our future will be very hard," said one of demonstrators gathered outside the headquarters of the Greek Parliament in Syntagma Square, while his teammates chanted "Thieves, thieves!".

This is the fifth day of protests in Syntagma Square and this time they have been joined by a Spanish group who wanted to express solidarity with the merger.

"People were outraged, but needed motivation to express themselves. The Spanish have given us that motivation," said Argyrou Iphigenia, an insurance agent, told Reuters. "We're not asleep. We are awake. The IMF must go. There are solutions without them," he argued.

The above link thanks to Bran who lives in Spain. Bran has been sending me links every day for a year. Here is the original link in Spanish: Más de 30.000 griegos toman el centro de Atenas inspirados por las protestas de España

Socialist PMs Selling State Owned Assets, Committed to Anti-Union Reforms

The most amazing thing to me is how socialists in Spain and Greece are committed to selling off state owned assets and property while embarking on a path of reform that is 180 degrees removed from socialism.

Reform is much needed of course but unions protest every step of the way, just as has happened in the US, notably Madison, Wisconsin.

As it sits now, President Obama is a far bigger socialist in practice than either the Prime Minister of Greece, George Papandreou (representing the Panhellenic Socialist Movement party) or José Luis Rodríguez Zapatero, the Prime Minister of Spain (representing the Spanish Socialist Workers Party).

The issue in Europe is whether everything blows sky high before reform takes hold. Given the payback from reform is measured in years, not months, the bond market continues to bet on default.

At the moment, socialist Prime Ministers in Greece and Spain are committed to reform. In the US, president Obama remains committed to the socialist policies that destroyed Greece and Spain.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
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