Wednesday, May 11, 2011

"Out With the Troika" --Greeks Strike

Greece’s public sector trade unions led a one-day general strike on Wednesday to protest against new austerity measures due to be unveiled later this month.

The walkout came as experts from the “troika” – the European Commission, International Monetary Fund and European Central Bank – started assessing a medium-term package of fiscal and structural reforms prepared by the socialist government.

Thousands of protesters gathered outside parliament shouting, “Out with the troika” and “Thieves, thieves” – referring to the country’s 300 legislators who have held on to high salaries and benefits in spite of across-the-board cuts in government spending, reports FT.

Workers from state companies that are set to be sold off to the private sector under the government’s plan to raise up to €50bn from disposals of state assets said they would stage rolling strikes.

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