Ukraine hit by largest drone attack since war began, says Zelensky    Germany's conservatives celebrate, but far right enjoy record result    British couple in their 70s arrested by Taliban    Syria plans to erase Queen Zenobia from history books    Ronaldo expresses joy celebrating Saudi Founding Day with Crown Prince at Saudi Cup 2025    Volvo returns to Saudi Arabia with Electromin — a bold step toward a sustainable future    Saudi Arabia implements new personal status regulations    Riyadh begins installing nameplates honoring Saudi imams and kings in 15 major squares    Bergwijn, Benzema lead Al-Ittihad to dominant 4-1 Clasico win over Al-Hilal    Saudi U-20 team secures spot in 2025 FIFA U-20 World Cup with last-minute winner over China    PIF seeks to expand US investments despite restrictions, says governor Al-Rumayyan Saudi sovereign fund launched 103 companies across 13 sectors, aims to attract more foreign talent to Saudi Arabia    Saudi minister holds high-level talks at FII Miami to boost AI, tech, and space partnerships    Saudi Media Forum concludes with key industry partnerships and award recognitions    Al-Ettifaq stuns Al-Nassr with late winner as Ronaldo protests refereeing decisions    Imam Mohammed bin Saud: The founder of the First Saudi State and architect of stability    'Neighbors' canceled again, two years after revival    Proper diet and healthy eating key to enjoying Ramadan fast    Saudi Media Forum panel highlights Kingdom's vision beyond 2034 World Cup    AlUla Arts Festival 2025 wraps up with a vibrant closing weekend    'Real life Squid Game': Kim Sae-ron's death exposes Korea's celebrity culture    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.



Clashes break out at Greek crisis protests
Published in Saudi Press Agency on 24 - 02 - 2010

Police fired tear gas and clashed with demonstrators in Athens after some 50,000 people finished a peaceful march against cutbacks intended to fix the country's debt crisis, AP reported.
The violence lasted about 30 minutes, when scores of youths hurled rocks, red paint and plastic bottles near parliament. Police said at least two people were detained, while several storefronts were vandalized.
Windows were smashed at the Finance Ministry's General Accounting Office, which has been accused by the European Union of slipshod statistics-keeping that made the financial crisis worse.
The day's protests were otherwise peaceful. Labor unions organized the protest march amid a 24-hour general strike that grounded flights, shut schools and crippled public services, in a show of strength against the government.
The walkout comes as Greece is considering tougher austerity measures to ward off a financial crisis that has undermined the euro and raised fears that financial market contagion will spread to other weak economies such as Portugal, Spain and Italy. The European Union has issued a vague promise to support Greece, which has some ¤53 billion in debt coming due this year, but the government of Prime Minister George Papandreou has pressed for more specific guarantees to shore up market confidence.
The government says it won't need a bailout and will stick to its plans to make sharp cutbacks.
There was disruption elsewhere in Europe by workers unsettled by the threat to their jobs from the slow economy and government plans to cut back. In France, a strike by air traffic controllers disrupted flights for a second day. And in Spain, tens of thousands of demonstrators on Tuesday rallied in several cities to protest a government proposal to raise the retirement age by two years to 67.
Greece has already imposed broad spending cuts but says it is under pressure from the European Union to cut salaries in the civil service, traditionally looked to as a jobs provider.
Officials from the EU and International Monetary Fund are in Athens to inspect public finances, ahead of a March 16 deadline to show signs of fiscal improvement or face imposed additional austerity measures.
Unions say cutting Greeks' so-called 14th salary _ part of annual pay held back as a holiday bonus _ for public workers would be taken as «an act of war.»
«We're all here for the same reason: the measures the government is taking. They have to listen to us,» said musician Dimitris Petridis, who took part in the protest rally, banging a snare drum along with several colleagues to a funereal rhythm.
«The rise in joblessness has really hurt us. The daily wage for working at a nightclub, for many of us, is the same as it was 20 years ago.»
The country's two largest umbrella labor groups, the private sector GSEE and public sector ADEDY, fiercely oppose a wave of belt-tightening measures announced over the past weeks to reduce the bloated budget deficit from 12.7 percent of gross domestic product to 8.7 percent this year.
«If all these measures are enforced, unemployment will skyrocket. Our country will enter a massive recession and unemployment will reach a Europe-wide record,» GSEE spokesman Stathis Anestis said.
«This will be tragic because it will provoke social (unrest) and clashes.»
The country's woes have affected confidence in the euro as a common currency, and hiked the country's borrowing costs.
Greek unemployment hit a five-year high of 10.6 percent in November 2009, up from 9.8 percent in October.
Interest-rate yields on Greek bonds remained high on Wednesday, reflecting market worries of a default. Spreads on government bonds over their German equivalent was at 3.30 percentage points after Fitch ratings agency on Tuesday downgraded ratings for four Greek banks. The spread had been lower after the EU's promise of support.
Market confidence has been undermined by evidence that Greece's statistics agencies have been misreporting the state of its finances for years.
Shares on the Athens Stock Exchange were up 0.87 percent in afternoon trading.
Greece's central bank governor George Provopoulos said in a speech Tuesday that the country's crisis heightened a pressing need for major economic reforms.
«The crisis could present an opportunity to carry out necessary reforms _ and not just have a debate about them _ given that not implementing these reforms would have a great price.»
Wednesday's strike is a crucial test of support for the unions, with polls showing strong public support for the government's austerity plan.
A poll Sunday in the Ethnos newspaper showed some 57.6 percent of Greeks believe measures taken so far are «in the right direction,» while 75.8 percent think unions should show restraint until the end of the crisis.
The strike, which ends at midnight (2200GMT) grounded all flights at Greek airports and left trains and ferries idle. Commuters in Athens were left without most forms of public transport. State-run schools, tax offices and municipalities were all closed, while public hospitals used emergency staff. Journalists also held a 24-hour walkout.
-- SPA


Clic here to read the story from its source.