Greece, like all the other capitalist
countries afflicted by the recession, is running a big deficit on its
government  budget. Tax revenues have
collapsed and more benefits are having to be paid out to the unemployed.
Deficits for the European Union countries as a whole tripled from 2.3% to 6.9%
from 2008 to 2009 because of the slump.

Greek capitalism is in a deep crisis.
It is the weak link in the chain and it is beginning to break. The
country risks defaulting on its debt repayments, posing a serious
threat to the stability of the euro. Severe austerity measures are
being imposed and these are provoking a working class backlash.

In just over two years time London will be staging the 2012 Olympic
Games. However, before then we have the Winter Olympics, taking place
this year in Canada. So how does the Canadian working class view this
‘great event?’