Financial Times
September 10, 2011
George Papandreou has vowed to fully implement reforms demanded by international lenders so that Greece will be able to avoid default and remain a member of the eurozone.
The Greek prime minister told officials from his socialist party and business people: ”We’re travelling on an uphill road during an international storm … but our first priority is to save the country from bankruptcy.”
Thousands of protesters shouting anti-austerity slogans gathered outside a conference centre in the northern city of Thessaloniki where the premier was making his annual economic policy speech on Saturday.
Riot police fired tear gas to disperse protesters as a dozen separate groups, including public sector trade unions, university students and supporters of a local football club, staged marches around the city centre.
Mr Papandreou said he was committed to carrying out this week’s cabinet decisions: immediate cuts in civil service salaries and the planned dismissal of 20,000 public sector in the next few weeks – a condition for Greece to receive the next €8bn tranche of its current bail-out loan.
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