Arab Today, arab today greek strike amid debt clash with \troika\
Last Updated : GMT 11:39:24
Arab Today, arab today
Arab Today, arab today

Greek strike amid debt clash with \'troika\'

Arab Today, arab today

Arab Today, arab today Greek strike amid debt clash with \'troika\'

Athens - UPI

Greek politicians refused to yield to severe austerity demands, even as German Chancellor Angela Merkel warned the refusal threatened \"the entire eurozone.\" \"I will not contribute to the explosion of a revolution from destitution that will burn all of Europe,\" George Karatzaferis, leader of Greece\'s radical right-wing populist political party LAOS, said Monday, even as Greek officials agreed to cut 15,000 state jobs this year and 20 percent from the minimum wage. Officials also agreed to $4 billion in healthcare, defense and local government cuts over two years but still disagreed over another $1.6 billion in cuts. Greece has promised to cut 150,000 public-sector jobs, or 20 percent of all public-sector jobs, by 2015, even though the constitution protects state workers from being fired. Greek Administrative Reform Minister Dimitris Reppas did not provide details on how the cuts would be carried out. Greece\'s trade unions called a snap 24-hour general strike Tuesday to protest the new continually tightening austerity measures. The strike was expected to disrupt transportation and other public services. Three protest rallies were planned for central Athens. The job cuts, strike threat and political standoff came as new statistics showed Greek debt spiked to 159.1 percent of gross domestic product in 2011\'s third quarter from 138.8 percent a year earlier. The debt ratio -- which Greece promised would drop to 120 percent by 2020 -- was 154.7 percent in the second quarter, EU statistical agency Eurostat said. Greece must make a $19 billion bond repayment March 20 that it will default on if it doesn\'t receive a $170 billion rescue package from the European Commission, European Central Bank and International Monetary Fund, known as the \"troika,\" which organized the financial rescues of Greece, Ireland and Portugal. The troika said the draconian cuts and reforms were needed for Greece to quality for the rescue package. \"There can be no new Greece program if agreement is not reached with the troika,\" Merkel said Monday at a news conference with French President Nicolas Sarkozy. \"All those who bear responsibility in Greece must know -- we will not deviate from this position,\" she said. She added: \"I honestly can\'t understand how additional days will help. Time is of the essence. A lot is at stake for the entire eurozone.\" Sarkozy said: \"The Greek leaders have made commitments and they must respect them scrupulously. Europe is a place where everyone has their rights and duties. Time is running out, it needs to be concluded, it needs to be signed.\"

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 greek strike amid debt clash with \troika\ Arab Today, arab today greek strike amid debt clash with \troika\

 



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 greek strike amid debt clash with \troika\ Arab Today, arab today greek strike amid debt clash with \troika\

 



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 US travel restrictions are still 'Muslim ban'

GMT 00:54 2017 Tuesday ,26 September

US travel restrictions are still 'Muslim ban'
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 Israel builds settlements 'at high rate'

GMT 01:04 2017 Tuesday ,26 September

Israel builds settlements 'at high rate'
Arab Today, arab today Saudi clerics use Twitter, textbooks

GMT 10:13 2017 Tuesday ,26 September

Saudi clerics use Twitter, textbooks
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Personality study finds fish have hidden depths

GMT 00:43 2017 Tuesday ,26 September

Personality study finds fish have hidden depths
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Botanical gardens a lifeboat

GMT 02:50 2017 Tuesday ,26 September

Botanical gardens a lifeboat
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 Chevrolet's first 9-speed auto debuts

GMT 18:58 2017 Monday ,25 September

Chevrolet's first 9-speed auto debuts
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Mai Kassab happy for participating in new film

GMT 09:33 2017 Friday ,22 September

Mai Kassab happy for participating in new film
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 16:08 2017 Monday ,25 September

'World's heaviest woman' dies

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul

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