Wednesday, May 25, 2011

Greek PM Seeks Consensus, Faces Anti-Austerity Rally

Reuters
May 25, 2011

The Greek government sought consensus on Wednesday for tough measures to exit the debt crisis as Greece's EU commissioner warned that its euro membership was at risk if it failed to agree to sacrifices.

While paymasters at the EU pressed for more reforms and wider political support before they agree on further loans to plug a funding gap next year, about 15,000 angry Greeks gathered in central Athens to protest against cutbacks.

In the first major non-political rally since the debt crisis hit, they waved banners reading "Out with the IMF junta.

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