People will not be able to bear cuts

THE Greek tragedy is not just a tale of a country going broke, of corruption, or when living beyond one’s means finally catches up with a nation, warns Nikos Ksidakis.

It marks a fundamental challenge to our democracies, where power decisively shifts from states to markets and corporations in which ordinary people will have no say.

He does not believe that the Greek people will be able to bear the conditions they will be forced to live under as tax increases and wage cuts bite this year.