Tags: EU | Greece | Financial | Crisis

Greeks Protest Against Austerity Measures

Tuesday, 04 May 2010 07:17 AM

Greek protesters unfurled banners Tuesday over the defensive walls of the ancient Acropolis, the country's most famous monument, to protest harsh new austerity measures as strikes began across the country.

Greece's cash-strapped government announced sweeping spending cuts worth 30 billion euros ($40 billion) through 2012 on Sunday, in order to secure a vital rescue package of loans from the International Monetary Fund and the other 15 European Union countries using the euro as their currency.

About 100 protesters from the Greek Communist Party cut through locks on the gates of the major tourist attraction shortly after dawn Tuesday and hung banners in Greek and English reading: "Peoples of Europe — Rise Up."

Police did not intervene as the protesters carrying red flags stood beside the ancient Parthenon, next to the two large banners. The demonstrators did not attempt to prevent tourists from visiting the site.

"This is a message to the people of Europe," said Communist Party official Panagiotis Papageorgopoulos, who was among the protesters. "People have the same problems everywhere. We can take control of our fate with organized protests, so that our lives are not run by the EU and the IMF."

The new measures, which are being submitted in a draft bill to Parliament Tuesday and are to be voted on by the end of the week, will result in deeper cuts in pensions and public servants' pay, and a new hike in consumer taxes.

Public servants, including state school teachers and hospital workers, began a 48-hour strike Tuesday, with protest marches planned later in the day.

The strike led to several domestic flights by Greece's Olympic Air and Aegean Airlines being canceled, while all flights to and from the country were to be grounded for 24 hours Wednesday as air traffic controllers join in a nationwide general strike.

Wednesday's strike is expected to shut down services across the country. Public transport will halt in the morning and evening, government offices will remain closed throughout the day and state hospitals will function with emergency staff.

The Athens Traders Association said it was recommending that stores in the capital remain open during the strike, but shut down during demonstrations planned in the center as a show of solidarity for the strikers.

About 200-300 pensioners marched through central Athens to protest pension cuts and consumer tax hikes, chanting "Stealing our pensions is not the answer."

"We won't let them steal our livelihoods, they are cheating us," said Dimos Koumbouris, head of a pensioners' union. "Tomorrow everything will close, factories, shops, everything — they will hear our voice very clearly."

Union leaders say the cuts target low-income Greeks.

"There are other things the (government) can do, before taking money from a pensioner who earns 500 euros ($660) a month," Spyros Papaspyros, leader of the public servants' union ADEDY, told private Mega television.

Late Monday, protesting school teachers forced their way into Greece's state television building, disrupting programming.

With debts of 300 billion euros and a budget deficit of 13.6 percent of gross domestic product, Greece has been struggling to pull its finances in order and was less than three weeks away from default when the euro zone finance ministers agreed on Sunday to activate the three-year 110 billion euro rescue from the euro zone and IMF. Athens needs to see the first installment of funds before May 19, when it has 8.5 billion euros worth of 10-year bonds maturing.

On Tuesday morning, France's lower house of parliament adopted a budget amendment allowing the government to release French funds for Greece's bailout. The text must still go before the Senate, its final step in parliament. France has committed to providing up to 16.8 billion euros in its share of the three-year plan.

Finance Minister Christine Lagarde had urged lawmakers to adopt the amendment, calling it a "moral imperative" and saying that providing funds for Greece would be a way of "stabilizing the euro."

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Greek protesters unfurled banners Tuesday over the defensive walls of the ancient Acropolis, the country's most famous monument, to protest harsh new austerity measures as strikes began across the country.Greece's cash-strapped government announced sweeping spending cuts...
EU,Greece,Financial,Crisis
650
2010-17-04
Tuesday, 04 May 2010 07:17 AM
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