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If you thought The Tea Party was bad, meet Golden Dawn!

Golden Dawn is a right-wing extremist political organization in Greece. It is led by Nikolaos Michaloliakos and has grown considerably since its inception to a widely known Greek political party with nationwide support.

Scholars and media describe it as neo-Nazi and fascist,although the group rejects these labels. They have used Nazi symbolism and praised figures of Nazi Germany in the past. According to academic sources, the group is racist and xenophobic,while the party's leader has openly identified it as nationalist and racist.

The party ran a campaign during the Greek national elections of 2012 based on concerns for unemployment, austerity and the economy, as well as virulent anti-immigration rhetoric, which gained a large increase in support from the Greek electorate. It received seven percent of the popular vote, enough for the party to enter the Hellenic Parliament for the first time with 21 seats. Following a second election in June, this was reduced slightly to 18 seats.

by Anonymousreply 1311/14/2012

sadly every country has one of these...when the shit hits the fan in economic hard times, these groups see a surge in popularity...

by Anonymousreply 111/14/2012

Then go check out the anti-Roma, anti-Jewish politics in Hungary.

Everything old is new again.

by Anonymousreply 211/14/2012

I saved this article from 2007, before the economic collapse of 2008. It's scary how fucking accurate the author of the article was.

Not only that, he predicted how "austerity" measures would hit Europe.

THIS WAS FIVE YEARS AGO.

Still waiting to see his other predictions come true.

by Anonymousreply 311/14/2012

That is a good article, R3. And a good reminder of why people should be lucky Mitt isn't president. He and his kind were directly responsible for the economic crisis, and people think he would have been able to 'fix' things? Not bloody likely.

THE FOUR TRILLION DOLLAR HEDGE FUND BUYOUT ORGY OF 2006

Under Bush, with figures like White and Paulson at the Treasury, Wall Street has forgotten what productive investment in new plant and equipment even looks like. Millions of jobs have been lost to the runaway shop under the auspices of free trade swindles NAFTA, CAFTA, GATT, and WTO. Under the reign of these financial parasites, we have witnessed an unprecedented boom in leveraged buyout deals, where one group of corsairs used junk bonds to take over an existing company, often firing many of the employees, cutting the wages and increasing the hours of those who remain, introducing speedup, busting unions, terminating health care, selling off parts of the business, and leaving what is left groaning under the burden of crushing debt which has not added anything to technology or other capabilities, but has lined the pockets of Wall Street lawyers and investment bankers. These deals are a microcosm of what is wrong with US vulture capitalism today: paper wealth for a few gluttons of privilege is maximized, while jobs, wages, working conditions, and productive output in the real economy are mercilessly driven down. Leveraged buyouts and junk bonds need to be outlawed as a public menace. When Wall Street begs for aid in the coming months, don't forget that they were the ones who for years applauded every time American workers were fired by a leveraged buyout (LBO) pirate.

Since paper profits are no longer invested in anything productive, they flow into these leveraged buyout deals, often called private capital transactions. The peak of this activity came in 2006, when there were $4 trillion in mergers and acquisitions, with $1 trillion of straight leveraged buyout deals. About $500 billion of this frenzy came in December 2006, setting the stage for 2007 to become the crisis year it has now become. Every LBO or private equity or private capital deal means fewer jobs, lower wages, less buying power, and thus, most to the point, less ability to keep up with mortgage payments. This problem was escalated by the takeover of many of the subcontractors and parts suppliers of the auto industry by predator hedge funds during 2005-2006. It got even worse when battered Chrysler was sold by Daimler Benz to the Cerberus Fund, aptly named after the hound of hell. As the collapse and looting of auto rippled through the economy, the income flows on which the sustenance of the mortgage bubble depended were severely constricted, leading to the current panic.

by Anonymousreply 511/14/2012

Fuck off nut at r5

by Anonymousreply 611/14/2012

Awwwww, R6. So sorry your Mittles didn't win. But the world really is better off for it. And besides, Mittles doesn't like fags. Repubs don't care for gay support. You see, it's not really the 'marriage' thing. It's the fact that they consider gays predatory butt-fuckers. They could probably do without our money, too. But you go on believing you're one of 'them', and that one day, too, you'll be a hedge fund billionaire.

by Anonymousreply 711/14/2012

Link to story about 'Golden Dawn'

by Anonymousreply 811/14/2012

A lot of unrest currently in Europe. Neo-fascism and xenophobia on the rise. Economic decline, strikes and violent demonstrations widespread. It doesn't look good.

by Anonymousreply 911/14/2012

Neo-fascism already here. Thanks Obama

by Anonymousreply 1011/14/2012

Golden Dawn, meet Golden Showers. Stand back!

by Anonymousreply 1111/14/2012

They were launching strikes when I checked the international news this evening (Europe's Thursday morning). In Spain strikers were trying to prevent workers from getting onto trains to go to work. The police were out. It didn't look violent, just a bit emotional. The report mentioned one in four being unemployed in Spain.

by Anonymousreply 1211/14/2012
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