Thursday, December 1, 2011

First strike in Greece since Papademos took office

BBC News
December 1, 2011

Unions in Greece are holding their first general strike in protest at austerity plans since technocrat Lucas Papademos took over as prime minister.

Public services shut down along with rail and ferry services but airports stayed open, as did the Athens metro and the city's stock exchange.

Trade unionists representing about half of Greece's workforce gathered for marches in the main cities.

Greece has seen about a dozen general strikes in the past two years.

Spending cuts and tax rises are being introduced as a condition of the country's 110bn-euro (£94bn; $147bn) international bailout last year, negotiated to prevent Greece going bankrupt.

Earlier this week, Mr Papademos secured the latest 8bn-euro tranche of the loans package.

The unelected former banker, who took office on 11 November at the head of a broad coalition government, has said his priority is to activate a second bailout worth 130bn euros.

More

No comments: