Los Angeles Times
October 5, 2011
Assurances from the Greek government that it had enough cash to pay its bills through mid-November did little to calm global economic jitters Tuesday, as the debt-stricken country braced for a nationwide strike against the cuts in public spending that are the price of staving off default.
Thousands of demonstrators already staging rolling wildcat strikes and sit-ins at government buildings in Athens are expected to join forces Wednesday, spilling into the streets of the capital and other major cities to protest austerity measures that many say are causing pain without generating improvements.
The protests are raising further doubts about the Greek government's ability to impose the fiscal discipline required by its lenders. Uncertainty over whether the nation could meet its targets has spooked global financial markets, which fear a default could devastate European banks that hold Greek debt.
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