Arab Today, arab today anger in greece over further cuts for debt funds
Last Updated : GMT 14:02:48
Arab Today, arab today
Arab Today, arab today

Anger in Greece over further cuts for debt funds

Arab Today, arab today

Arab Today, arab today Anger in Greece over further cuts for debt funds

Athens - AFP

Greeks on Thursday reacted with anger and disbelief at a new wave of austerity cuts enacted to keep the country in the eurozone as a public transport strike caused road chaos in Athens. The embattled socialist government announced pension and tax break cuts and put 30,000 state employees on temporary lay-offs after pledging to do \"anything\" to stay in the eurozone and unlock bankruptcy-saving EU-IMF loans. \"A merciless raid,\" commented the conservative Eleftheros Typos newspaper, while pro-government Ta Nea noted that salaried staff, pensioners and civil servants had been placed on a \"sacrificial altar.\" Public transport workers brought the capital to a standstill on Thursday, with the support of irate taxi owners opposed to a liberalisation of their sector, while teachers and municipal workers also staged walkouts. And air traffic controllers are also holding a four-hour stoppage, forcing airlines to scrap or reschedule flights. \"We are obliged to resist,\" the head of Athens\' subway employees Antonis Stamatopoulos told state television NET. \"Not even Greece\'s German and Turkish conquerors imposed such taxes,\" he said. Greece has been struggling to convince the European Union and International Monetary Fund that it can bring its tough economic overhaul programme back onto track despite delays and targets slipping due to a deeper-than-expected recession. On Wednesday, the government announced cuts to pensions above 1,200 euros ($1,650) per month, a furlough for 30,000 state employees and a drastic reduction to revenue exemption on annual taxes to 5,000 euros, from 12,000 euros currently. \"Greece is being turned into a poverty house, new measures are being announced by the day and by the week,\" Constantinos Michalos, head of the Athens chamber of commerce and industry, told state television NET. \"There is no compass, this government doesn\'t know where it\'s going,\" he said. The state hopes to economise a billion euros a year from the pension cuts, according to the labour ministry. The government late on Wednesday said the measures \"send the message to our peers and to markets that Greece both wants and is able to fulfil its obligations, staying within the core of the euro and the EU.\" EU and IMF auditors have agreed to resume a review of Greek finances needed to unlock eight billion euros in rescue funding. The audit had been suspended in early September, with sources citing lack of progress with reforms, placing in jeopardy the release of funds needed to prevent Athens running out of cash next month. The additional cuts, on top of a controversial property tax that could be extended to 2014, have raised dissent in the ruling party with backbenchers and former ministers doubting their effectiveness after two years of recession. The main private sector union GSEE and the Adedy syndicate representing civil servants have called for strikes next month against the austerity measures. The public sector will shut down on October 5 and a general strike will be held on October 19.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today anger in greece over further cuts for debt funds Arab Today, arab today anger in greece over further cuts for debt funds

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today anger in greece over further cuts for debt funds Arab Today, arab today anger in greece over further cuts for debt funds

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Ryanair's O'Leary: Could ground more planes

GMT 06:49 2017 Friday ,22 September

Ryanair's O'Leary: Could ground more planes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Huthis stage defiant rally 3 years

GMT 05:29 2017 Friday ,22 September

Huthis stage defiant rally 3 years
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Youssra prepares for launching her  program

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:03 2017 Thursday ,21 September

Alarm over flesh-eating ulcer cases

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday