{"id":19823,"date":"2010-06-17T12:48:46","date_gmt":"2010-06-17T10:48:46","guid":{"rendered":"http:\/\/www.turkishforum.com.tr\/en\/content\/?p=19823"},"modified":"2010-06-19T20:21:36","modified_gmt":"2010-06-19T18:21:36","slug":"eu-warns-of-democracy-ending-in-greece-spain-and-portugal","status":"publish","type":"post","link":"https:\/\/www.turkishnews.com\/en\/content\/2010\/06\/17\/eu-warns-of-democracy-ending-in-greece-spain-and-portugal\/","title":{"rendered":"EU Warns of Democracy Ending in Greece, Spain and Portugal"},"content":{"rendered":"<div>\n<div id=\"article_date\"><strong>By: Frank McGuire<\/strong><\/div>\n<\/div>\n<div id=\"textbody\">\n<div id=\"plc_lt_zoneContent_pageplaceholder_pageplaceholder_lt_zoneCenter_NewsmaxArticleLandingPage_pnl\">\n<p>Democracy could \u201ccollapse\u201d in Greece, Spain and Portugal  unless the debt crisis is controlled, the head of the European  Commission reportedly has warned.<\/p>\n<p>Commission President Jose Manuel Barroso recently detailed his  \u201capocalyptic\u201d vision in which crisis-hit countries in southern Europe  are jolted by military coups or popular uprisings as interest rates soar  and public services collapse because their governments run out of  money, the London Daily Mail reported.<\/p>\n<p>Greece, Spain and Portugal are facing dire problems with their public  finances. All three countries have a history of military coups. Greece  has been hit by a series of national strikes and riots this year  following the announcement of drastic cuts to public spending.<\/p>\n<p>Barroso also has warned Spain and Portugal that they will have to keep  up their painful budget cuts into 2012 to curb deficits and regain  investor confidence. &#8220;Without confidence coming back to the financial  markets in Europe, we will not be able to achieve that higher level of  growth &#8230; that is why fiscal consolidation is so important,&#8221; he said,  according to the Associated Press.<\/p>\n<p>John Monks, former head of the TUC, told the Daily Mail that he had been  \u201cshocked\u201d by the severity of the warning from Barroso, who is a former  prime minister of Portugal.<\/p>\n<p>In an interview with the Brussels-based magazine EU Observer, Monks  said: \u201cThis is extremely dangerous.  This is 1931, we&#8217;re heading back to  the 1930s, with the Great Depression and we ended up with militarist  dictatorship. I&#8217;m not saying we&#8217;re there yet, but it&#8217;s potentially very  serious, not just economically, but politically as well.\u201d<\/p>\n<p>Meanwhile, the European Commission on Tuesday reviewed budget programs  for Germany, France, Italy, Belgium, Ireland, the Netherlands, Austria,  Slovenia and Slovakia \u2014 which all use the euro \u2014 and the Czech Republic,  which still has its own currency.<\/p>\n<p>It said it had called on most of them to spell out clearly the cutbacks  they are planning for the coming years as they aim to bring deficits  below the 3 percent limit.<\/p>\n<p>Belgium and Italy have a tighter deadline than the others and are  supposed to reduce their deficits by 2012. Ireland has more time \u2014 until  2014 \u2014 and all the others have until 2013.<\/p>\n<p>\u00a9 Moneynews. All rights reserved.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>By: Frank McGuire Democracy could \u201ccollapse\u201d in Greece, Spain and Portugal unless the debt crisis is controlled, the head of the European Commission reportedly has warned. Commission President Jose Manuel Barroso recently detailed his \u201capocalyptic\u201d vision in which crisis-hit countries in southern Europe are jolted by military coups or popular uprisings as interest rates soar [&hellip;]<\/p>\n","protected":false},"author":83,"featured_media":68792,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[846,922],"tags":[],"class_list":["post-19823","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-world"],"_links":{"self":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/posts\/19823","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/users\/83"}],"replies":[{"embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/comments?post=19823"}],"version-history":[{"count":0,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/posts\/19823\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/media\/68792"}],"wp:attachment":[{"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/media?parent=19823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/categories?post=19823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.turkishnews.com\/en\/content\/wp-json\/wp\/v2\/tags?post=19823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}