Saudi Arabia opens Hajj 1446 registration for domestic pilgrims Priority given to those who have not performed Hajj before, with registration available via Nusuk app and e-portal    Ivan Toney's brace secures Al Ahli victory over Al Fateh in Saudi Pro League    Al Nassr reclaims third place with 3-0 victory over Al Fayha as Jhon Durán shines    Saudi volunteer initiative performs 49 life-changing surgeries in Damascus    Oscar-nominated West Bank feature director says films 'can be part of change'    Sweden's worst mass shooting leaves immigrant community on edge    Saudi Air Force Commander oversees conclusion of Ramah Al-Nasr 2025 exercise, inaugurates expansion of Air Warfare Center    Saudi Arabia declares February 22 as official holiday for private and non-profit sectors to mark Founding Day    Karim Benzema's last-gasp winner sends Al Ittihad to the top of Roshn Saudi League French striker seals dramatic 2-1 victory over Al Taawoun with stoppage-time strike    British conman jailed for six years for running over French policemen    Panama says US 'spreading lies' over free canal passage    Salvador Dalí art comes to India for the first time    Expat remittances jump 14% in 2024, the highest in 2 years The increase attributed to improved salaries and expansion of projects    Saudi Arabia's population crosses 35 million, with non-Saudis constituting 44.4%    Crown Prince announces King Salman Automotive Cluster at KAEC    Heading into a new journey, JAECOO J8 is shaking up the luxury off-road market    GEA hosts mass wedding of 300 couples at "Night of a Lifetime" celebration during Riyadh Season 300 cars and housing as gifts for the newlyweds    Food Culture Festival kicks off in Riyadh's Diplomatic Quarter    Saudi Arabia to present 'The Um Slaim School: An Architecture of Connection' at Biennale Architettura 2025 Syn Architects explore Riyadh's architectural heritage, fostering new pedagogical approaches and global dialogue    Billionaire philanthropist Aga Khan dies    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Greek PM seeks EU debt pledge as protests grow
Published in The Saudi Gazette on 06 - 03 - 2010

Greek workers protesting painful state spending cuts closed down hospitals, schools and public transport Friday, as Prime Minister George Papandreou headed for talks with European leaders in search of concrete support through the debt crisis.
The strikes come as parliament is to vote on a new ¤4.8 billion ($6.5 billion) austerity package that will hike consumer taxes and slash pay for public sector workers by up to 8 percent. The center-left government is seking a total ¤16 billion ($21.87 billion) in savings this year, to reduce a bloated budget deficit.
Seeking a pledge of assistance, Papandreou is due to meet in Luxembourg with Prime Minister Jean-Claude Juncker, head of an informal group of eurozone finance ministers. Later Friday, he will hold talks in Berlin with German Chancellor Angela Merkel.
Despite raising ¤5 billion ($6.83 billion) from a successful bond issue Thursday, Athens remains under intense pressure from high borrowing rates. Papandreou has ruffled Europe's feathers by warning that Greece could request financial help from the International Monetary Fund unless the EU details potential emergency support.
Papandreou insists Greece is not seeking bailout money from the European Union but a public commitment to a financial rescue plan that would reassure markets.
Asked in an interview with Germany's daily Frankfurter Allgemeine Zeitung Friday what he wants from Merkel, Papandreou was quoted as saying: “Support ... that there is European support so that we can borrow money under reasonable conditions.” He said that Greece has never asked for a bailout, but lack of support would hurt his reform plans.
“And that would, one way or another, be expensive for all of Europe,” Papandreou said. “If the euro retreated, that might help some countries with their exports, but it would for example make importing oil and gas more expensive.” Papandreou will also discuss the debt crisis with French President Nicolas Sarkozy in Paris Sunday, and meet U.S.
President Barack Obama on March 9 in Washington.
French Finance Minister Christine Lagarde said Friday that President Nicolas Sarkozy would back Greece if its debt woes got it into real trouble.
While she told LCI television that Sunday's meeting would focus on how the Greek government's new austerity plans will be enacted, she also said she expects Sarkozy will tell Papandreou that France would be there if Greece got into real difficulties. She did not explain what form that support would take.
Hundreds of Communist-affiliated unionists gathered Friday for a central Athens rally against the new measures, chanting “Greece is not Ireland, the rich must pay for the crisis,” in reference to the Irish government's tough austerity program.
State schools were closed, hospitals functioned with emergency staff and all Athens public transport was idle, while an air traffic controllers work stoppage from 1000GMT to 1400GMT has canceled dozens of flights.
More protest rallies are planned in Athens and other Greek cities, to demand that the government takes back some of the measures.
“We must wage a long and effective struggle,” said Yiannis Panagopoulos, the leader of Greece's largest union, the GSEE. “The (new) measures are one


Clic here to read the story from its source.