Greece's parliament approved new austerity measures - 1 Protester Dead as Government Faces Dissent

 



Greek Protests in Athens Live cam link
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ATHENS (Dow Jones)--In a final vote late Thursday, Greece's parliament approved legislation enacting new austerity measures the government must take in order to receive fresh aid from international creditors

 

Associated Press

 

Greece Financial Crisis

 

A Greek riot police officer throws a tear gas canister towards protesters in central Athens, Thursday, Oct. 20, 2011.

 

Greek anger over new austerity measures and layoffs erupted into violence Wednesday, as demonstrators hurled chunks of marble and gasoline bombs and riot police responded with tear gas and stun grenades that echoed across Athens' main square. (AP Photo/Petros Giannakouris) (Credit: AP)

 


ATHENS, Greece (AP) — Clouds of tear gas choked central Athens as rival demonstrators fought with stones and firebombs outside parliament Thursday, leaving one man dead and dozens injured. Inside, the Socialist government grappled with dissent over the deeply unpopular new cutbacks demanded by creditors to keep the country afloat.

 

Greece has been kept solvent only by international bailout loans from the International Monetary Fund and other eurozone nations since May of last year. Creditors have demanded that Greece pass the extra austerity measures before they give the country more funds from that euro110 billion ($152 billion) bailout loan. Greece says it will run out of money in mid-November without the next euro8 billion ($11 billion) installment.

 

On the second day of a general strike that has paralyzed the country, demonstrators marched to Syntagma Square before parliament to protest the new measures that include pay and staff cuts in the civil service as well as pension cuts and tax hikes for all Greeks. The draft law calls for 30,000 public servants to be put on reduced pay and for collective bargaining rights to be suspended.

 

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Comment by youhavetoforgiveme on October 21, 2011 at 1:58pm
"The beatings will continue until morale improves!"

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