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There’s no doubt you’ve seen the wild images of rioters in Athens.
They’re violently objecting to the painful budget measures officials are taking.
But officials don’t need to be scared of rioters: they need to be scared of normal clerical/office workers. You see, office workers vote.
And as this recent survey (via Waverly Advisors) done by the EU shows, nearly 80% are scared of losing their job, a number that nearly matches the worst level from the financial crisis in 2009. They, not the young anarchists in the street, hold the power. And if they’re freaked out, then politicians should be too.
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See Also:
- Dear Americans: Get Ready To Bail Out Greece
- Euro Whipsawed As Traders Realize Europe May Still Not Bail Out Greece After Budget Cuts
- Greece Just Passed Another $6.6 Billion Cut, Now Let’s See How Its People React