Greece brought to halt by general strike over cuts -US on same debt path

May 5, 2010 05:24

Greece is braced for mass protests as angry workers stage a general strike over planned austerity measures.

via BBC

Trains, planes and ferries are at a standstill as transport workers join public sector workers who began their own 48-hour strike on Tuesday.

Spending cuts and tax rises are planned in return for a 110bn euro (£95bn) rescue package for the debt-struck economy.

The Greek parliament is to vote on the measures by the end of the week.

Measures include wage freezes, pension cuts and tax rises. They aim to achieve fresh budget cuts of 30bn euros over three years, with the goal of cutting Greece’s public deficit to less than 3% of GDP by 2014. It currently stands at 13.6%.

I’m feeling more and more angry every day, because those who got us into this mess are not held responsible
Thrasyvo Paxinos

The general strike is the third to hit Greece in as many months.


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