IRELAND: The scenes broadcast from
Athens will have sent a shiver down the spine of An Taoiseach, An
Tánaiste and their counterparts throughout Europe. The reaction of the
Greek workers to the meltdown in the Greek economy will be of particular
concern in Leinster House. Ireland is not so far behind Greece and
sooner or later Ireland will become the tail ender in the bond markets
again, that is unless the Greek Government defaults and then all bets
are off.

Greece: From early
this morning (Wednesday), hundreds of thousands of workers and youth participated in
the mass rallies during today’s 24-hour general strike, encircling the
Houses of Parliament. There is no doubt that had it not been for the
outbreak of rioting, with such a huge level of participation the numbers
concentrating on Syntagma Square would have exceeded one million.

Recent opinion polls show that a majority of Hungarians find life so
miserable that they would like to live somewhere else. Many consider
that life was much better before 1989 when people enjoyed full
employment and an advanced welfare system. Capitalism has destroyed all
that. However, as our correspondent points outs, what existed before was
not genuine socialism, but a Stalinist regime that people rose up
against. What is required is state ownership and planning, but under the
democratic control of the workers themselves.