economics

March 15, 2010

Unions in Greece Plan Strike to Protest Budget Cutting Premier Papandreou heads to U.S. to marshal support for austerity program, while government faces test at home

Filed under: Uncategorized — ktetaichinh @ 10:01 pm
Tags: , ,

ATHENS—Escalating strikes and street protests this week are testing the Greek government’s ability to see through its austerity strategy. Despite fears of social unrest, most Greeks appear to accept that severe budget cuts are inevitable in the face of the country’s debt crisis.

On Wednesday, members of a nationwide teachers union staged walkouts and demonstrated in the center of Athens.

Greek tax and court officials, sanitation workers and local-government staff are among the groups planning strikes and walkouts this week, culminating in a 24-hour general strike Thursday to protest the government’s latest spending cuts and tax increases.

The planned protests underline how Athens fighting on two fronts: To persuade international financial markets that Greece can repay its ballooning debts, and its own population to accept painful belt-tightening.

[GRUNREST]

Prime Minister George Papandreou continued his efforts to win international support with a visit to Washington, meeting this week with President Barack Obama at the White House. Mr. Papandreou also met with Secretary of State Hillary Clinton, who said in a news conference with the premier, “we support Greece and the tough economic measures it is taking.”

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.

%d bloggers like this: